The Virginia Community Development Fund, Inc. was awarded a $1.75 million Project Grant from the Department of the Treasury's Community Development Financial Institutions Rapid Response Program to support, prepare for, and respond to the economic impact of the coronavirus. The grant period runs from June 15, 2021 through December 31, 2023. Under CFDA #21.024, the Community Development Financial Institutions Rapid Response Program aims to bolster the ability of Community Development Financial...
The $800,000 Project Grant awarded by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program to The Virginia Community Development Fund, Inc. on September 26, 2024 will support the organization's efforts to drive community revitalization and economic self-determination in underserved communities across the United States. As a certified CDFI, The Virginia Community Development Fund will leverage these funds to provide financial services, loans,...
The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Community Ventures Corporation, Inc. $2,478,839 under the Equitable Recovery Program (CFDA 21.033) to expand lending, grant making, and investment activity in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. As a non-profit community development organization, Community Ventures will utilize the April 10, 2023 funding to provide $2.5 million in loans,...
RVA Financial Federal Credit Union received a $4,957,678 project grant award under the Community Development Financial Institutions Fund Equitable Recovery Program to expand lending, grant-making, and investment activities in low-to-moderate income communities disproportionately impacted by the COVID-19 pandemic. Funded by the Department of the Treasury's Community Development Financial Institutions Fund, the award will enable RVA Financial Federal Credit Union to provide $4.957 million in...
The Community Development Venture Capital Alliance (CDVCA) received a $500,000 project grant award from the Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) to support CDVCA's delivery of business capacity-building services and access to capital for socially and economically disadvantaged entrepreneurs. The CDFI ERP provides grants to Community Development Financial Institutions to respond to the economic impacts of the COVID-19...
The Virginia Community Development Fund, Inc. was awarded a $2,250,000 Capital Magnet Fund grant from the Department of the Treasury's Community Development Financial Institutions Fund on February 22, 2021. The Capital Magnet Fund program aims to create and preserve affordable housing for low-income families and economically distressed communities through attracting private capital investments. The Virginia Community Development Fund will use this grant to support financing that furthers the...
The Department of the Treasury Community Development Financial Institutions Fund (CDFI Fund) awarded Pacific Community Ventures, Inc. a $3,248,766 Project Grant under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA 21.033). The grant will support Pacific Community Ventures' efforts to expand lending, grant making, and investment activity in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. Funding will also...
The Community Development Financial Institutions Fund within the Department of the Treasury awarded a $972,000 Project Grant to The Community Economic Development Fund I. Llc through the Community Development Financial Institutions Rapid Response Program. The grant period runs from June 15, 2021 through December 31, 2023 to support the ability of Community Development Financial Institutions to respond to the economic impact of the coronavirus pandemic. Specifically, the funding will allow the...
The Housing Partnership Fund, Inc. received a $3.7 million project grant award from the Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program to provide loans, investments, and financial services to expand lending and grant-making activities in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. Funded activities will build the capacity of community partners through December 2028 to develop affordable...
The Cincinnati Development Fund received a $3.72 million project grant award from the Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program to provide lending, grant making, and investment activities in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. The award, issued on April 10, 2023, will support the organization's efforts to expand access to capital for underserved borrowers through March 31, 2029....