The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Carolina Foothills $2,478,839 under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA 21.033) on April 10, 2023. The CDFI ERP provides grants to Community Development Financial Institutions to expand lending, grant making, and investment activities in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. As a CDFI serving Upstate South Carolina counties since 1960 through a credit union offering financial products and community development assistance, Carolina Foothills will use this funding to further pandemic economic recovery efforts in its service area through 2028. Past CDFI Fund grants have enabled similar expansion of Carolina Foothills' lending, investments, financial services, and technical assistance benefiting underserved markets.
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