This $300,000 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support the Lowell Community Loan Fund Inc.'s provision of financial products, financial services, development services, loan loss reserves, and capital reserves to eligible markets and its approved target market through December 2024. The Community Development Financial Institutions Program aims to promote economic revitalization and community development by investing...
This Project Grant award of $800,000 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to Nectar Community Investments Inc., doing business as Lowell Community Loan Fund Inc. The funding will enable this certified CDFI, a non-profit organization, to deliver loans, investments, financial counseling, and capacity-building support to underserved urban and rural communities, particularly low- and moderate-income...
Lowell Community Loan Fund, Inc. was awarded $500,000 under the Department of the Treasury Community Development Financial Institutions Fund's Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA #21.033) on April 10, 2023. The grant will enable Lowell Community Loan Fund to provide $500K in loans, investments, financial counseling and capacity building support through December 31, 2028 to expand economic opportunities for low- and moderate-income...
The Lowell Community Loan Fund, Inc. was awarded a $1,826,265 Project Grant from the Department of the Treasury Community Development Financial Institutions Fund under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024). The grant will support the organization's ability to respond to the economic impacts of the coronavirus by providing lending and other financial services through December 31, 2023. The CDFI RRP aims to bolster Community Development...
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 $1,046,530 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support the delivery of financial products, financial services, development services, loan loss reserves, and capital reserves by Low Income Investment Fund. The funding assists this certified Community Development Financial Institution in building its financial capacity to lend to eligible low-income communities and individuals across the United States who lack...
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's Community Development Financial Institutions Fund awarded $560,000 under the Community Development Financial Institutions Program (CFDA 21.020) to the New Hampshire Community Loan Fund Inc. The three-year Project Grant will support the Fund's work to promote economic revitalization and community development through February 2023 to June 2026. By providing monetary awards and training to certified Community Development Financial Institutions, the program builds...
This $1,046,530 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support the Enterprise Community Loan Fund Inc. in delivering financial products, financial services, development services, loan loss reserves, and capital reserves to benefit low-income communities and populations across the United States that lack adequate access to affordable options. Specifically, the funding will help build the awardee's financial capacity to lend...
This $525,000 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support the delivery of financial products, financial services, development services, loan loss reserves, and capital reserves by Community Redevelopment Loan and Investment Fund, Inc. to eligible markets and target populations as defined in 12 C.F.R. 1805. The funding assists the awardee community development financial institution in building its capacity to lend to...