The Federal Deposit Insurance Corporation (FDIC)-insured depository institution Limebank has been awarded a $270,000 Project Grant under the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund Bank Enterprise Award (BEA) Program (CFDA 21.021). This grant supports Limebank's efforts to increase investments and support for certified CDFIs, as well as to expand community development financing and service activities in the most economically distressed communities. Specifically, the funding will enable Limebank to provide technical assistance, affordable housing financing, small business support, and tailored financial products for low- and moderate-income populations in underserved areas. The grant period runs from September 19, 2024, to December 31, 2025.
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