Bridge Investment Community Development Corporation received a $500,000 project grant award from the Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program to provide financing and technical assistance to underserved communities disproportionately impacted by the COVID-19 pandemic. Through this funding, Bridge Investment will expand lending, grant making, and investment activity in low- and moderate-income communities as well as to minority borrowers with unmet capital needs. The grant will also enable Bridge Investment to build organizational capacity and acquire technology and staff resources necessary to accomplish grant objectives. The Community Development Financial Institutions Fund Equitable Recovery Program aims to support Community Development Financial Institutions in responding to economic impacts of the pandemic in hard-hit communities.
Generated 2/6/24, 7:03 AM