The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $1,110,000 Project Grant to Border Federal Credit Union to invest in and build the capacity of this certified CDFI. The CDFI Program, authorized under CFDA 21.020, provides monetary awards and training opportunities to empower CDFIs to grow, achieve organizational sustainability, and drive community revitalization, particularly in Native American and low-to-moderate income communities....
The Department of the Treasury's Community Development Financial Institutions Fund awarded a $125,000 Project Grant to Border Financial Resources, Inc. under the Community Development Financial Institutions Program (CFDA 21.020). The grant will support technical assistance activities to build the organizational capacity of certified and emerging Community Development Financial Institutions (CDFIs) to serve eligible low-income markets and communities across the nation that lack adequate access to...
Border Financial Resources, Inc. was awarded $389,000 through the Community Development Financial Institutions Rapid Response Program (CDFI RRP) administered by the Department of the Treasury's Community Development Financial Institutions Fund. The June 15, 2021 Project Grant has a completion date of December 31, 2023 and will support Border Financial Resources' efforts to prepare for and respond to the economic impacts of the coronavirus pandemic in the United States. As the name implies, the...
The Community Development Financial Institutions Fund within the Department of the Treasury awarded $717,900 under the Community Development Financial Institutions Program (CFDA 21.020) to Border Federal Credit Union. This three-year Project Grant will support the CDFI Program's goal of promoting economic revitalization and community development through investment in and assistance to certified Community Development Financial Institutions. Specifically, Border Federal Credit Union will use the...
The federal Project Grant award of $1,285,000 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to Sustainable Neighborhoods LLC, a nonprofit limited liability company, on September 26, 2024. The funding supports the CDFI Program's mission to promote economic revitalization and community development through investments in certified and emerging CDFIs. Under this award, Sustainable Neighborhoods LLC will utilize the...
The $1,110,000 Project Grant awarded by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to Grant Bancshares, Inc. on September 26, 2024 supports the organization's capacity to deliver financial products, services, and development assistance to underserved communities, particularly Native American and low-income populations. This funding allows Grant Bancshares, Inc., a certified Community Development Corporation, to expand its...
This $900,000 Project Grant was awarded on September 26, 2024 by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to First National Bancorp, Inc. The grant will support the CDFI's efforts to promote economic revitalization and community development through financial services, loans, investments, and technical assistance targeted at underserved low-income, Native American, and economically disadvantaged populations. The funding will...
The Border Federal Credit Union was awarded $701,530 under the Community Development Financial Institutions Program Project Grant by the Department of the Treasury's Community Development Financial Institutions Fund. The funding will support financial products, services, development services, loan loss reserves, and capital reserves to build the credit union's capacity to lend to eligible markets and target populations as defined in 12 C.F.R. 1805 through December 2024. The goal is to promote...
The Community Development Financial Institutions (CDFI) Program, administered by the U.S. Department of the Treasury, has awarded a $300,000 Project Grant to the Community Development Finance Alliance. This grant, with an award date of November 21, 2024 and an ultimate completion date of December 31, 2027, is intended to invest in and build the capacity of Native CDFIs. The funding will empower these organizations to grow, achieve sustainability, and drive economic revitalization in Native...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $625,000 Project Grant to Financial Resources Federal Credit Union on September 26, 2024. This funding, provided through the CDFI Program (CFDA 21.020), aims to invest in and build the capacity of certified and emerging CDFIs, empowering them to grow, achieve organizational sustainability, and drive community revitalization. The award will enable Financial Resources Federal Credit Union, a...