The Cares Project Inc. received a $500,000 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program to expand lending, grant making, and investment activity through December 31, 2028. The CDFI ERP aims to support Community Development Financial Institutions in responding to the economic impacts of the COVID-19 pandemic in low- and moderate-income communities disproportionately affected. Funding will allow The Cares Project to provide more loans, grants, and direct investments to underserved individuals and communities in North Carolina's Piedmont Triad region recovering from the pandemic's financial effects. The award also enables capacity building to strengthen delivery of these community development services through new technology, staff, and other resources.
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