The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Apoyo Financiero, Inc. a $2,478,839 project grant under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA 21.033). The grant will support Apoyo Financiero's efforts to expand lending, grant making, and investment activity in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. Funding will also enable the organization to build capacity and acquire technology, staff, and other resources to serve these communities through December 2028. Specifically, the CDFI ERP award will allow Apoyo Financiero to provide $2.48 million in loans, grants, and investments to minority and other borrowers with unmet capital needs in low-income areas affected by the pandemic.
Generated 2/6/24, 6:07 AM