Project Grant 221FA060481G

Award Date 2/28/23
Completion Date 12/31/26
Dollars Obligated $483K
Federal Grant Program
21.020
Assistance Type
Project Grant
Place of Performance
United States
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The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded $482,900 under the Community Development Financial Institutions Program (CFDA 21.020) to Lower East Side Peoples Federal Credit Union (Lespfcu) from February 2023 through December 2026.

This Project Grant will support Lespfcu's efforts to promote economic revitalization and community development in low-income communities. As a certified Community Development Financial Institution, Lespfcu will use the funding to invest in and provide assistance to local businesses and residents, empowering community revitalization and helping achieve organizational sustainability through $482.9k in monetary support and training opportunities over the three-year period.

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