The Department of the Treasury Community Development Financial Institutions Fund (CDFI Fund) awarded Strafford Economic Development Corporation $1,612,633 under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA #21.033) on April 10, 2023. The award will support Strafford Economic Development Corporation's efforts to expand lending, grant making, and investment activities in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic through December 31, 2028. Specifically, the funding will enable the organization to increase capital access for underserved borrowers and build internal capacity, such as through technology acquisition and staff hiring, to effectively serve these communities in response to pandemic impacts.
Generated 2/6/24, 7:43 AM