Partners For Common Good Inc. (PCG) received a $3.718 million project grant award from the Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program to provide financial products, services, and capacity building through December 2028. As a certified Community Development Financial Institution, PCG will use the funding to expand lending, grantmaking, and investment activities benefiting low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. Specifically, the grant enables PCG to increase access to capital and services for underserved individuals and minority borrowers through organizational development, technology upgrades, and staff resources. Consistent with the goals of the CDFI ERP to support pandemic recovery in disadvantaged areas, PCG will deploy the funds to strengthen its community development programs serving populations facing economic hardship.
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