Project Grant 22ERP061608G

The Camba Economic Development Corporation was awarded $500,000 under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA 21.033) from the Department of the Treasury on April 10, 2023. The grant will support Camba's provision of expanded lending, grant making, and investment activities in low- or moderate-income communities and to underserved borrowers through June 30, 2028. Specifically, the funding will enable Camba to respond to the economic impacts of the COVID-19 pandemic by increasing access to capital for minority and disproportionately affected groups, and building organizational capacity through technology and staff acquisitions. The CDFI ERP aims to provide grants to Community Development Financial Institutions for expanding services in underserved communities and to borrowers historically lacking access to capital or financial services.