The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Bank of Brookhaven $3.72 million under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA 21.033) to support pandemic recovery efforts through December 2028. The CDFI ERP provides grants to Community Development Financial Institutions (CDFIs) to expand lending, grant making, and investment activities in low- and moderate-income communities disproportionately impacted by COVID-19. Bank of Brookhaven, as a certified CDFI, will use this funding to increase lending, investments, and services in underserved areas through 2028 to facilitate pandemic recovery. The award will also enable capacity building and technology improvements to accomplish the CDFI ERP's objectives of supporting recovery in disadvantaged communities.
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