Cooperativa De Ahorro Y Credito De Yauco (the Awardee), a community development financial institution, was awarded a $4,957,678 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) under the CDFI Equitable Recovery Program (CDFI ERP, CFDA #21.033). The April 2023 award will support the Awardee's efforts to expand lending, grant making, and investment activities through June 2028 in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. Funds will also help build the Awardee's organizational capacity and acquire related technology, staff, and tools. As a direct recipient, the Awardee will carry out community and economic development activities without subrecipients. The CDFI ERP aims to respond to pandemic impacts through CDFIs like the Awardee.
Generated 2/6/24, 2:57 AM