The $280,369 federal Project Grant award, provided through the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund's Bank Enterprise Award (BEA) Program (CFDA 21.021), supports Washington State Bank in increasing investments and support for certified Community Development Financial Institutions (CDFIs) as well as expanding lending, investments, and financial services in economically distressed communities. Key activities funded by the grant include increasing technical assistance, affordable housing financing, small business support, and tailored financial products for low- and moderate-income populations in underserved areas. This award builds on the bank's previous $2,478,839 BEA Program grant received in April 2023, further demonstrating its strategic commitment to community development and economic recovery efforts.
Generated 3/4/25, 5:51 AM