The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $2,400,000 Project Grant to the Northwest Access Fund. The grant will support the organization's efforts to promote economic revitalization and community development by providing financial assistance, products, and services to Community Development Financial Institutions (CDFIs) serving low-income and underserved populations. The funding will enable Northwest Access Fund to offer a range of eligible activities, including financial products, financial services, development services, loan loss reserves, and capital reserves to CDFIs, with the ultimate goal of building their financial capacity to lend to eligible markets and target populations that lack adequate access to affordable financial services. The grant has an award date of September 26, 2024, and an ultimate completion date of September 30, 2027.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $2.4m | 9/26/24 |