The Department of the Treasury's Community Development Financial Institutions Fund awarded Baltimore Community Lending, Inc. a $1.8 million Project Grant under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024). The two-year award, issued on June 15, 2021, will support Baltimore Community Lending's ability to provide financial and technical assistance to communities and businesses economically impacted by COVID-19 through June 30, 2023. As a Community...
This $225,000 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support BDC Community Capital Corp.'s provision of financial products, services, and development assistance to promote economic revitalization and community development. Under the Community Development Financial Institutions Program, the awardee will use the funding for loans, loan loss reserves, capital reserves, and related services targeting low-income communities and...
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...
This $500,000 project grant from the Department of the Treasury's Community Development Financial Institutions Fund will support the Black Business Investment Fund, 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 goal is to build the CDFI's financial capacity to lend to low-income communities and individuals who lack adequate access to...
The Community Development Financial Institutions Fund within the Department of the Treasury awarded BDC Community Capital Corp. a $125,000 Project Grant under the Community Development Financial Institutions Program. The grant will support technical assistance activities from September 2022 through December 2024 to build the organizational capacity of certified and emerging Community Development Financial Institutions. Technical assistance funds will be used for personal services, fringe...
This $766,530 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund will promote economic revitalization and community development through investment in and assistance to certified Community Development Financial Institutions (CDFIs). Awarded to The Reinvestment Fund, Inc. on December 8, 2021 for completion by December 31, 2024, funding will support financial products, financial services, development services, loan loss reserves, and capital...
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...
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...
This Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund provides $1,217,900 to Peoples Bancshares, Inc. to support the Community Development Financial Institutions Program. The CDFI Program aims to promote economic revitalization and community development through investment in and assistance to certified and emerging Community Development Financial Institutions. Specifically, the funding will be used to build the capacity of CDFIs and...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $300,000 Project Grant to Boston Impact Initiative Fund II LLC. The CDFI Program, identified by CFDA # 21.020, provides monetary awards and training to Community Development Financial Institutions to promote economic revitalization and community development in underserved communities. This award, effective from November 2024 through December 2026, will enable Boston Impact Initiative...