The Department of the Treasury's Community Development Financial Institutions Fund awarded a $125,000 Project Grant to Prosperus Detroit Micro Lending under the Community Development Financial Institutions Program (CFDA 21.020). The grant will support technical assistance activities through December 2023 to build Prosperus Detroit's organizational capacity to serve low-income communities and individuals in the United States who lack adequate access to affordable financial products and...
The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded a $200,000 Project Grant to Prosperus Detroit Micro Lending through the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA #21.024). The grant period runs from June 15, 2021 through December 31, 2023 to support Prosperus Detroit's ability to provide financial services to communities impacted by the economic effects of the COVID-19 pandemic. As a Community...
The federal Project Grant award of $300,000 was granted by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program on November 21, 2024. The purpose of this award is to promote economic revitalization and community development through technical assistance to build the capacity of certified and emerging CDFIs. The funding will be used by the awardee, Michigan Lending Solutions L3C, to support eligible activities such as personnel compensation,...
The $800,000 federal Project Grant award was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to Propel Nonprofits, a non-profit organization based in Minneapolis, Minnesota. The purpose of the grant is to promote economic revitalization and community development through investment in and financial assistance to Community Development Financial Institutions (CDFIs). The funding will be used by Propel Nonprofits to...
The $800,000 Project Grant awarded on September 26, 2024 by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) is intended to promote economic revitalization and community development. The grant funds will be used by the recipient, Priority Trust Credit Union, to provide financial products, financial services, development services, loan loss reserves, and capital reserves to underserved low-income populations and communities that...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $800,000 Project Grant to Michigan First Credit Union on September 26, 2024. The purpose of the grant is to promote economic revitalization and community development by providing financial and technical assistance to the CDFI to build its capacity to lend to low-income and underserved populations. The planned activities under this grant include offering financial products, financial...
The Small Business Administration Office of Capital Access awarded Prosperus Detroit Micro Lending $200,000 under the Prime Technical Assistance federal grant program (CFDA 59.050) for the period of September 30, 2022 through September 29, 2023. The grant funds will support Prosperus Detroit Micro Lending's delivery of training and capacity building services to microentrepreneurs in Detroit, Michigan. Specifically, the services aim to increase the number of microenterprises and enhance the...
This Project Grant award of $350,000 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to The Louisville Housing Opportunities & Micro-Enterprise Community Development Loan Fund Inc., a non-profit CDFI, on September 26, 2024. The funding will be used to support the organization's efforts to promote economic revitalization and community development in underserved communities through financial products, financial...
This $625,000 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 Community Assets For People LLC, a certified CDFI. The grant funds will be used to provide financial products, financial services, development services, loan loss reserves, and capital reserves to Community Development Financial Institutions (CDFIs) in order to build their financial capacity to lend to eligible...
This $300,000 Project Grant award was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to Leapbound Capital Inc., a non-profit organization, to promote economic revitalization and community development. The funding will be used to provide technical assistance to build the capacity of certified and emerging CDFIs to serve low-income and underserved populations that lack adequate access to affordable financial products...