The federal Project Grant award of $2,485,000.00 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to Bluehub Loan Fund Inc., a woman-owned nonprofit community development finance organization. The award is intended to support the CDFI Program's objectives of promoting economic revitalization and community development through investments in and assistance to certified and emerging CDFIs. Specifically, the funding will enable Bluehub Loan Fund Inc. to deliver financial services, loans, investments, and technical assistance to underserved communities, with a focus on empowering these institutions to grow, achieve organizational sustainability, and drive economic development in areas with limited access to mainstream financial services. The award was made on September 26, 2024, with a projected completion date of December 31, 2027. No sub-recipients were mentioned for administering the funded activities.
Generated 3/18/25, 4:00 AM