The Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $2,041,726 Project Grant to Act! (Albany Community Together!), Inc. on September 26, 2024. The grant, awarded under CFDA 21.020, aims to promote economic revitalization and community development by investing in and assisting certified and emerging CDFIs. Through this funding, Act!, a Black American-owned nonprofit organization and community development corporation, will provide comprehensive...
This Project Grant award of $476,530 from the Department of the Treasury's Community Development Financial Institutions Fund will support Act! (Albany Community Together!), Inc. in delivering financial products, financial services, development services, loan loss reserves, and capital reserves to eligible markets and target populations as defined in 12 C.F.R. 1805. The funding will allow Act! (Albany Community Together!), Inc. to build its financial capacity to lend to low-income communities and...
Act! (Albany Community Together!), Inc. received a $898,331 project grant award from the Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program to provide financing, lending, grant making, and investment activities to expand economic opportunity in underserved communities disproportionately impacted by COVID-19. As a Community Development Financial Institution, Act! will use the funding to support $898k in lending, grant making, and...
Act! (Albany Community Together!), Inc. was awarded a $664,000 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Rapid Response Program. The grant will support Act!'s ability to respond to the economic impacts of the coronavirus by providing financial and other services to communities from June 2021 through December 2023. The CDFI Rapid Response Program aims to support Community Development...
This $2.6 million Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support the Local Initiatives Support Corporation in delivering services to community development financial institutions (CDFIs) through December 2026. The Community Development Financial Institutions Program aims to promote economic revitalization and community development by investing in and assisting certified and emerging CDFIs. Specifically, grant funds will...
The Department of the Treasury Community Development Financial Institutions Fund awarded a $125,000 Project Grant to Acts Lending Inc. under the Community Development Financial Institutions Program (CFDA 21.020). The grant will support technical assistance activities through December 2025 to build the organizational capacity of certified and emerging Community Development Financial Institutions. Technical assistance funds will be used for personal services, fringe benefits, professional...
This $1,060,000 project grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support Community Loan Fund of the Capital Region, Inc.'s work to promote economic revitalization and community development. As part of the Community Development Financial Institutions Program (CFDA 21.020), which uses monetary awards and training to invest in and build the capacity of certified Community Development Financial Institutions, this three-year award ending...
This $717,900 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support Liftfund Inc., doing business as Accion, in delivering services to promote economic revitalization and community development. Through the Community Development Financial Institutions Program, which uses monetary awards and training to invest in and build the capacity of certified community development financial institutions, Accion will provide $717.9K in...
This $800,000 Project Grant award from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) supports the Appalachian Community Capital Corporation (ACCC), a minority-owned and woman-owned CDFI, in delivering a range of financial services, capital access, and economic development initiatives in underserved Appalachian and rural communities. Specifically, the funding will enable ACCC to provide loans, investments, and technical...
The federal Project Grant award of $300,000 was made by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) on November 21, 2024. The grant is intended to invest in and build the capacity of the COM Act Housing Corporation, a nonprofit community development organization, empowering it to grow, achieve sustainability, and drive community revitalization in underserved areas. Specifically, the funding will enable the organization to...