The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Optus Financial Corporation $2,478,839 under the Equitable Recovery Program (CDFI ERP, CFDA #21.033) to provide financial products and services through December 2028. As a minority-owned Community Development Financial Institution, Optus Financial will use the funding to expand lending, grantmaking, and investments in low- and moderate-income communities disproportionately impacted by COVID-19. Specifically, the organization will offer small business loans, financial literacy programs, and loan loss/capital reserves to underserved populations. The CDFI ERP aims to support CDFIs assisting communities and borrowers harmed by the pandemic through expanding access to capital and building long-term capacity. No subrecipients were indicated.
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