The Miami Bayside Foundation, Inc. was awarded a $1.5 million Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Rapid Response Program. The grant will support the Foundation's ability to respond to the economic impacts of the coronavirus by providing financial and other services to communities it serves through June 2023. As a Community Development Financial Institution, the Miami Bayside...
This $525,000 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support the Miami Bayside Foundation Inc.'s provision of financial products, financial services, development services, loan loss reserves, and capital reserves to eligible markets and target populations as defined in 12 C.F.R. 1805. The Foundation, a certified Community Development Financial Institution, will use the three-year award ending December 2024 to build its...
This $560,000 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support the Miami Bayside Foundation Inc.'s work to promote economic revitalization and community development. Through the Community Development Financial Institutions Program, which uses the CFDA number 21.020 to invest in and build the capacity of certified Community Development Financial Institutions, the Foundation will provide $560K in funding and training to...
The Community Development Financial Institutions Fund within the Department of the Treasury awarded a $300,000 Project Grant to Community Fund Of North Miami-Dade Inc. under the Community Development Financial Institutions Rapid Response Program. The grant period runs from June 15, 2021 through December 31, 2023. The funding will support Community Fund Of North Miami-Dade Inc.'s ability to provide financial and other services to communities in response to the economic impacts of the...
This $300,000 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support Bay Bancorporation, Inc.'s provision of financial products, financial services, development services, loan loss reserves, and capital reserves to benefit low-income communities and populations across the United States per the objectives of the CFDA 21.020 Community Development Financial Institutions Program. Awarded on December 8, 2021 with a completion date of...
The Miami Postal Service Credit Union was awarded a $3.7 million Project Grant from the Department of the Treasury Community Development Financial Institutions Fund under the Community Development Financial Institutions Fund Equitable Recovery Program. The grant will support the Credit Union's efforts to expand lending, grant making, and investment activities in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. Funding will also enable the Credit Union to...
The Community Development Financial Institutions Fund within the Department of the Treasury awarded $560,000 under the Community Development Financial Institutions Program (CFDA 21.020) to the Black Business Investment Fund, Inc. (BBIF) on February 28, 2023. Through September 30, 2026, BBIF will use the funding to provide loans, investments, financial counseling and other services to support economic revitalization and community development in underserved communities. As a certified Community...
This $225,000 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support BDC Community Capital Corp.'s provision of financial products, services, and development assistance to promote economic revitalization and community development. Under the Community Development Financial Institutions Program, the awardee will use the funding for loans, loan loss reserves, capital reserves, and related services targeting low-income communities and...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $280,369 Project Grant to Bay Bank, a for-profit, American Indian-owned Community Development Financial Institution (CDFI), under the Bank Enterprise Award (BEA) Program (CFDA 21.021). The grant funding enables Bay Bank to expand its community development financing and service activities in economically distressed communities. Specifically, the bank will use the award to offer affordable...
The Neighborhood Housing Services of South Florida Inc., doing business as Miami-Dade NHS, was awarded a $490,000 project grant from the U.S. Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024). The two-year award, issued on June 15, 2021, will support the organization's ability to respond to the economic impacts of the coronavirus pandemic through June 30, 2023. The...