Poverty Solutions, Inc. received a $3.5 million Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program to expand lending, grant making, investments, and build organizational capacity in communities disproportionately impacted by COVID-19 through December 2028. The Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA 21.033) aims to provide grants to Community Development Financial Institutions for expanding activities in low- or moderate-income communities and serving borrowers historically lacking access to affordable capital options. As a minority-owned, nonprofit community development corporation, Poverty Solutions will use this funding to increase its provision of financing, financial education, employment training, affordable housing, and health services through 2028, targeting underserved areas across the United States disproportionately affected by the pandemic.
Generated 2/6/24, 5:10 AM