This Project Grant award of $280,369 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund under the Bank Enterprise Award (BEA) Program (CFDA 21.021) on September 19, 2024. The funding is awarded to Gibsland Bank & Trust Company, an FDIC-insured depository institution, to increase its investments and support of certified CDFIs as well as expand its community development financing and service activities in the most economically distressed communities. The key products and services delivered through this grant include providing technical assistance, affordable housing financing, small business support, and tailored financial products for low- and moderate-income populations in underserved areas. This award is part of the CDFI Fund's efforts to leverage federal resources to promote economic development in disadvantaged communities across the United States.
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