Project Grant 22ERP060897G

Award Date 4/10/23
Completion Date 12/31/28
Dollars Obligated $2.5M
Federal Grant Program
21.033
Assistance Type
Project Grant
Place of Performance
United States

THE CDFI ERP PROVIDES GRANTS TO CDFIS TO RESPOND TO THE ECONOMIC IMPACTS OF THE COVID-19 PANDEMIC. AWARDS PROVIDED TO CDFIS ARE TO EXPAND LENDING, GRANT MAKING, AND INVESTMENT ACTIVITY IN LOW- OR MODERATE-INCOME COMMUNITIES AND TO BORROWERS, INCLUDING MINORITIES, THAT HAVE SIGNIFICANT UNMET CAPITAL OR FINANCIAL SERVICE NEEDS AND WERE DISPROPORTIONATELY IMPACTED BY THE COVID-19 PANDEMIC AND TO ENABLE CDFIS TO BUILD ORGANIZATIONAL CAPACITY AND ACQUIRE TECHNOLOGY, STAFF AND OTHER TOOLS NECESSARY TO ACCOMPLISH THE ACTIVITIES UNDER A CDFI ERP AWARD.

Posted 4/10/23, 12:00 AM