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.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $2.7m | 9/26/24 |