Project Grant 221TA060105G

Award Date 9/26/22
Completion Date 12/31/26
Dollars Obligated $125K
Federal Grant Program
21.020
Assistance Type
Project Grant
Place of Performance
United States
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This $300,000 Project Grant, awarded by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020), supports Evernorth Loan Fund Inc., a non-profit CDFI based in Vermont, in delivering financial services, loans, investments, and technical assistance to underserved communities, with a particular focus on Native American populations. The grant, awarded in November 2024 with a completion date of December 2027, will enable Evernorth Loan Fund Inc....
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The Department of the Treasury Community Development Financial Institutions Fund awarded a $125,000 Project Grant to Evernorth Loan Fund Inc. under the Community Development Financial Institutions Program (CFDA 21.020). The grant will support technical assistance activities through December 2026 to build the organizational capacity of certified and emerging Community Development Financial Institutions. Technical assistance funds will be used for personal services, fringe benefits, professional services, travel, training, equipment, supplies, and incorporation costs. The goal is to serve rural and urban low-income communities and people who lack adequate access to affordable financial products and services. Intended beneficiaries include for-profit organizations, private nonprofits, and other private institutions. If Evernorth Loan Fund Inc. intends to carry out activities through a subsidiary Community Development Financial Institution insured depository institution, subrecipient activities are permitted under the terms of the assistance agreement.

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