Project Grant 231FA064553G

Award Date 9/26/24
Completion Date 12/31/27
Dollars Obligated $2.7M
Federal Grant Program
21.020
Assistance Type
Project Grant
Place of Performance
United States
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This $1.5 million Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund will support Justine Petersen Housing And Reinvestment Corporation in delivering financial products, services, and development assistance to low-income communities and individuals through 2024. Awarded on December 8, 2021, the funding is part of the Community Development Financial Institutions Program and must be used by the certified Community Development Financial Institution...
This $1.3 million Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund will support the Community Development Financial Institutions Program. Administered by the Justine Petersen Housing and Reinvestment Corporation, the grant aims to promote economic revitalization and community development. As a certified Community Development Financial Institution, Justine Petersen Housing will use the funding to invest in and provide assistance to other...
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The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $2,735,000 Project Grant to Justine Petersen Housing And Reinvestment Corporation, a certified CDFI based in St. Louis, Missouri. The CDFI Program provides monetary awards and training to invest in and build the capacity of CDFIs, empowering them to grow, achieve sustainability, and drive community revitalization.

Through this 3-year award (9/26/2024 to 12/31/2027), Justine Petersen Housing will utilize the funding to deliver a comprehensive suite of financial services and support to low-to-moderate income individuals and small businesses in the St. Louis metropolitan area who lack access to traditional financial institutions. This includes providing microloans under $50,000, financial coaching, housing counseling, microenterprise development, and small business support programs. The goal is to help these underserved populations achieve financial stability and economic success, creating jobs and fostering community development.

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