Project Grant 231FA064658G

This $1,110,000 Project Grant award from 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 through investment in and financial assistance to the awardee, River Financial Corporation, a certified CDFI. The funding must be used by River Financial Corporation for financial products, financial services (for regulated institutions only), development services, loan loss reserves, and capital reserves (for regulated institutions only), in order to build the organization's financial capacity to lend to eligible markets and/or its target markets. This will ultimately serve rural and urban low-income people and communities across the nation that lack adequate access to affordable financial products and services. The award has an ultimate completion date of December 31, 2027.