This $300,000 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 technical assistance to build the capacity of Community Development Financial Institutions (CDFIs) and emerging CDFIs. The funding supports eligible activities such as personnel compensation, professional services, travel, training, equipment, and supplies to help certified and emerging CDFIs serve low-income and underserved communities that lack adequate access to affordable financial products and services. The awardee, Instep Credit Union, is a non-profit credit union located in New Orleans, Louisiana, that specializes in supporting vulnerable communities through small-dollar lending, loan loss reserve funds, and technical assistance to maintain affordable lending programs. This award will enable Instep Credit Union to further expand its lending activities, provide financial counseling, and build organizational capacity in the low- and moderate-income communities it serves.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $300.0k | 11/21/24 |