Lowell Community Loan Fund, Inc. was awarded $500,000 under the Department of the Treasury Community Development Financial Institutions Fund's Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA #21.033) on April 10, 2023. The grant will enable Lowell Community Loan Fund to provide $500K in loans, investments, financial counseling and capacity building support through December 31, 2028 to expand economic opportunities for low- and moderate-income individuals and communities disproportionately impacted by the COVID-19 pandemic. As a certified Community Development Financial Institution, Lowell Community Loan Fund will utilize this funding to further the CDFI Fund's goals of community and economic revitalization in underserved areas.
Generated 2/6/24, 12:54 PM