The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $300,000 Project Grant under CFDA 21.020 to 705 Federal Credit Union on November 21, 2024. The grant's purpose is to promote economic revitalization and community development by providing technical assistance to build the capacity of certified and emerging CDFIs. The planned activities include compensation for personal services, fringe benefits, professional services, travel, training, equipment, supplies, and incorporation costs. The ultimate goal is to enable 705 Federal Credit Union, a non-profit CDFI, to better serve low-income and underserved communities across the United States that lack adequate access to affordable financial products and services. There are no sub-recipients for this program.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $300.0k | 11/21/24 |