Project Grant 221TA059686G

Award Date 9/26/22
Completion Date 12/31/24
Dollars Obligated $125K
Federal Grant Program
21.020
Assistance Type
Project Grant
Place of Performance
United States
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This Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund provides $125,000 to First Malden Bancshares, Inc., doing business as First National Bank, to deliver technical assistance services through December 2024. The funding supports the Community Development Financial Institutions Program (CFDA #21.020), which aims to promote economic revitalization and community development by investing in and assisting certified and emerging Community Development Financial Institutions.

Specifically, the awardee will use the funding to provide eligible technical assistance activities like compensation for personal and professional services, travel, training, equipment and supplies. The goal is to build the organizational capacity of certified and emerging CDFIs to serve low-income communities and individuals who lack adequate access to affordable financial products and services. No subrecipient activities are mentioned.

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