The Genesis Fund, doing business as Genesis Community Loan Fund, received a $1,487,303 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA #21.033). The award will support the Genesis Fund's provision of financial services, lending, and investments to low- and moderate-income communities and borrowers disproportionately impacted by COVID-19 through March 2029. As a Community Development Financial...
The Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA 21.033) awarded Genesis LA Economic Growth Corporation $4,131,398 to expand lending, grant making, and investment activity in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. As a certified Community Development Financial Institution, Genesis LA will use the award funding to increase access to capital and financial services for...
Genesis Bank was awarded a $1.8 million Project Grant from the Department of the Treasury's Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024) on June 15, 2021. The grant will support Genesis Bank in providing financial and technical assistance to businesses and communities impacted by the economic effects of the coronavirus pandemic through March 2023. The CDFI RRP aims to bolster the ability of Community Development Financial Institutions like Genesis...
The Community Development Financial Institutions Fund within the Department of the Treasury awarded Genesis Bancorp, Inc. a $476,530 Project Grant under the Community Development Financial Institutions Program. The grant aims to promote economic revitalization and community development through financial assistance to certified Community Development Financial Institutions. Genesis Bancorp will use the funding for financial products, services, development services, loan loss reserves, and...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $230,212 Project Grant to Genesis Bank, a for-profit Community Development Financial Institution (CDFI) located in Benoit, Mississippi, under the Bank Enterprise Award (BEA) Program (CFDA 21.021). The grant funding supports Genesis Bank's efforts to increase investments and support for CDFIs, as well as expand community development financing and service activities in economically distressed...
The Genesis Fund received a $1.8 million Project Grant award from the 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 award period is from June 15, 2021 through March 31, 2024 to support the ability of Community Development Financial Institutions to respond to the economic impacts of the coronavirus pandemic. As a Community Development Financial Institution...
The Department of the Treasury's Community Development Financial Institutions Fund awarded The Genesis Fund $1.06 million under the Community Development Financial Institutions Program (CFDA 21.020) from February 2023 through March 2026. The Genesis Fund, operating as Genesis Community Loan Fund, will use the funding to provide loans and financial assistance to community development organizations through the Community Development Financial Institutions Program. This program aims to promote...
The Department of the Treasury Community Development Financial Institutions Fund (CDFI Fund) awarded a $2,478,839 Project Grant to Community Bank under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA #21.033). The grant will support Community Bank's efforts to expand lending, grant making, and investment activities in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. Funds will also enable Community Bank to...
The Genesis La Economic Growth Corp was awarded an $870,000 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Program. The grant aims to promote economic revitalization and community development through financial assistance to certified Community Development Financial Institutions for products, services, development services, loan loss reserves, and capital reserves. These activities are...
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...