The federal Project Grant award of $1,285,000.00 from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) aims to promote economic revitalization and community development through investment in and financial assistance to Community Development Financial Institutions (CDFIs). The award will enable the recipient, Cooperativa De Ahorro Y Credito DR Manuel Zeno Gandia, a minority-owned non-profit organization in Puerto Rico, to provide financial products, financial services, development services, loan loss reserves, and capital reserves to low-income and underserved communities that lack adequate access to affordable financial services. This grant, awarded on September 26, 2024, is part of the organization's broader portfolio of federal grants from the CDFI Fund, totaling approximately $7.5 million since 2021, which have supported its efforts to expand lending capabilities, deliver financial products and technical assistance, and build organizational capacity to serve vulnerable populations.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $1.3m | 9/26/24 |