The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $1,285,000 Project Grant to Peoplefund, a non-profit community development corporation and CDFI based in Austin, Texas. The award, made under CFDA 21.020, will enable Peoplefund to provide microloans up to $50,000, business training, technical assistance, and financial literacy education to start-up, newly established, and growing small businesses in low-income and economically...
This Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund provides $676,530 to Peoplefund to promote economic revitalization and community development. As part of the Community Development Financial Institutions Program (CFDA 21.020), the financial assistance will be used for products, services, development services, loan loss reserves, and capital reserves to build Peoplefund's capacity to lend to eligible markets and low-income communities...
The Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP), CFDA 21.033, awarded People Incorporated Financial Services $512,293 to expand lending, grant making, and investment activity in low- and moderate-income communities disproportionately impacted by COVID-19. As a nonprofit community development organization, People Incorporated Financial Services operates over 30 programs to enhance lives, families, and communities through various financial products and...
The Peoples Bank received a $2.48 million project grant award from the Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) to deliver lending, grant making, and investment activities in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. Through December 2028, the funding will enable The Peoples Bank to expand access to affordable credit and financial services for underserved borrowers and...
The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded a $200,000 Project Grant to People Trust under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024). The two-year award running from June 2021 through December 2023 will support People Trust's ability to respond to the economic impacts of the coronavirus pandemic in the United States. As a Community Development Financial Institution (CDFI), People...
Peoples Bank received a $6.2 million project grant award from the Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA 21.033). The funding will support Peoples Bank's lending, grant making, and investment activities in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. Specifically, the grant provides $6.2 million for lending...
The Nonprofit Finance Fund received a $2.478 million Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program to provide financial products, services, and capacity building support through 2028. The CDFI ERP aims to expand lending, grant making, and investment in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. Specifically, the grant will enable Nonprofit Finance Fund to...
This Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund provides $125,000 to People Trust to promote economic revitalization and community development. Under the Community Development Financial Institutions Program (CFDA 21.020), the financial assistance must be used for financial products, services, development services, loan loss reserves, and capital reserves to build People Trust's capacity to lend to eligible markets and low-income...
Peoples Advantage Federal Credit Union received a $6.2 million project grant through the Department of the Treasury's Community Development Financial Institutions Fund (CDFI) Equitable Recovery Program (CFDA #21.033) to provide lending, investments, and financial services through December 2028. The CDFI ERP aims to support community development and economic recovery in low- and moderate-income communities disproportionately impacted by COVID-19 by expanding access to capital and financial...
The Department of the Treasury's Community Development Financial Institutions Fund awarded $325,000 to People Trust through the Community Development Financial Institutions Program (CFDA 21.020) on February 28, 2023 for a project grant concluding December 31, 2026. The funding will support People Trust's work to promote economic revitalization and community development in underserved communities through 2026. As a certified Community Development Financial Institution, People Trust utilizes...