3Core, Inc. 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 to provide economic development services in rural communities from April 2023 through June 2028. The CDFI ERP aims to support Community Development Financial Institutions responding to COVID-19 impacts by expanding lending, grantmaking, and investments in low- and moderate-income communities disproportionately affected by the pandemic. As a non-profit organization, 3Core will use this funding to facilitate business lending, financial services, and regional economic planning for counties in Northern California through strategies like business loans, disaster relief coordination, and support for rural business development. The award will also enable 3Core to build capacity and acquire tools to carry out grant activities benefiting underserved communities.
Generated 2/6/24, 9:27 AM