The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded a $1.8 million Project Grant to Providence Revolving Fund under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA #21.033). The grant will support Providence Revolving Fund's efforts to expand lending, grant making, and investment activity in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. Funding will also enable capacity building and technology acquisition to accomplish the grant's objectives. The CDFI ERP aims to respond to COVID-19's economic effects through CDFIs by expanding access to capital in underserved communities and for borrowers with unmet needs. The grant period runs from April 2023 through February 2029.
Generated 2/6/24, 6:17 AM