The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded a $3.7 million Project Grant to One Source Federal Credit Union through the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA #21.033).
The funding will support One Source Federal Credit Union in expanding lending, grant making, and investment activities in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. Specifically, the grant aims to increase One Source's provision of capital and financial services to underserved borrowers and communities. The funding will also enable capacity building to help One Source acquire technology, staffing, and other resources necessary to accomplish the activities under the CDFI ERP award through December 2028.
Generated 2/6/24, 1:45 AM