The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $280,369 Project Grant under the Bank Enterprise Award (BEA) Program (CFDA 21.021) to Troy Bank & Trust Company, a for-profit organization. The grant supports the bank's increased investments and support for certified Community Development Financial Institutions (CDFIs), as well as its expanded community development financing and service activities in the most economically distressed communities. Eligible activities include increased 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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