Project Grant 22ERP061822G

Inclusive Action For The City received a $500,000 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program to provide financial and technical assistance services to underserved communities impacted by COVID-19. As a certified Community Development Financial Institution, Inclusive Action will use the award funding to expand lending, grant making, and investment activities in low- and moderate-income communities disproportionately affected by the pandemic. This includes establishing $500k in loan loss reserves and delivering responsible small dollar loans as an alternative to predatory lending. Inclusive Action will also provide personalized business advising, help entrepreneurs access government assistance programs, and support minority-owned startups. Additionally, the organization will build organizational capacity, acquire necessary technology and tools, and further expand lending and investment activity through the award period ending December 2028. Through a $120k subaward from the Small Business Administration's Community Navigator Pilot Program, Inclusive Action will deliver pandemic relief and recovery services to 120 small businesses in Los Angeles.