The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $900,000 Project Grant to Grow South Dakota, a certified CDFI organization, on September 26, 2024. The funding will support Grow South Dakota in delivering financial services, loans, investments, and technical assistance to underserved communities, particularly Native American populations, across the state. Through this award, Grow South Dakota aims to create jobs, build businesses, and...
This $1,110,000 Project Grant award from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) supports Dakota Resources, a certified CDFI and community development corporation, in constructing and renovating community facilities such as healthcare clinics and childcare centers in rural South Dakota. As a mission-driven organization focused on economic revitalization and self-determination in underserved communities, Dakota Resources will...
The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Grow South Dakota $1.826 million under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024) from June 15, 2021 to June 30, 2023. The CDFI RRP aims to support Community Development Financial Institutions' (CDFIs) ability to address the economic impacts of the coronavirus pandemic. Under this award, Grow South Dakota will utilize the funding to...
The Department of the Treasury Community Development Financial Institutions Fund awarded Grow South Dakota $750,000 on February 22, 2021 under the Capital Magnet Fund program (CFDA 21.011). This Project Grant will help create and preserve affordable housing for low-income families and economically distressed communities in South Dakota by attracting $750,000 in private capital. The Capital Magnet Fund program aims to support financing for the preservation and rehabilitation of affordable housing...
The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded a $125,000 Project Grant to Black Hills Community Loan Fund, Inc. under the Community Development Financial Institutions Program (CFDA #21.020). The grant will support technical assistance activities through December 2024 to build the organizational capacity of certified and emerging CDFIs to serve low-income communities and individuals who lack access to affordable financial products and...
The $300,000 Project Grant was awarded by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund under the CDFI Program (CFDA 21.020) on November 21, 2024. The grant will support First South Financial Federal Credit Union, a certified CDFI, in delivering financial services, loans, investments, and technical assistance to underserved low-income, Native American, and economically disadvantaged populations. The award aims to build the capacity of this CDFI,...
The Department of the Treasury Community Development Financial Institutions Fund awarded Dakota Business Lending $125,000 under the Community Development Financial Institutions Program (CFDA 21.020) Project Grant to build organizational capacity and serve target markets through September 2024. The funding will support technical assistance activities including compensation, fringe benefits, professional services, travel, training, equipment, supplies, and incorporation costs to strengthen...
The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded $482,900 under the Community Development Financial Institutions Program (CDFI Program, CFDA 21.020) to Southeast Arkansas Bank Corporation. This three-year Project Grant will support the CDFI Fund's mission to promote economic revitalization and community development through investment in and assistance to certified Community Development Financial Institutions (CDFIs). By empowering CDFIs to...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $300,000 Project Grant to the 5th District Regional Development Corporation. This grant, under CFDA 21.020, is intended to invest in and build the capacity of the recipient CDFI, empowering it to grow, achieve organizational sustainability, and drive community revitalization in underserved areas. The funding will be used to create jobs, build businesses, and foster economic...
The Department of the Treasury's Community Development Financial Institutions Fund awarded a $1,240,000 Project Grant to the Corporation For Supportive Housing under the Community Development Financial Institutions Program (CFDA 21.020). This three-year award will support the CDFI Program's goal of promoting economic revitalization and community development through investment in and assistance to certified Community Development Financial Institutions. Specifically, funding will enable the...