The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $1,285,000 Project Grant to Neighborhood Impact Investment Fund, Inc. (NIIF), a nonprofit Community Development Financial Institution based in Baltimore, Maryland. The grant is intended to enable NIIF to expand its lending, grantmaking, and investment activities focused on providing financial services, products, and development assistance to underserved communities, particularly low- and moderate-income areas and minority borrowers. The funding will support NIIF's efforts to build organizational capacity, create jobs, foster business development, and drive economic revitalization in communities disproportionately impacted by economic challenges. This award is part of a broader pattern of CDFI Program grants ranging from $200,000 to $300,000, typically spanning 2-3 years, that target nonprofit community development financial institutions, credit unions, and community development corporations, with a strong emphasis on supporting Native American and minority-owned organizations.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $1.3m | 9/26/24 |