Project Grant 241FA064947G

The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $650,000 Project Grant to Clinton Bancshares, Inc. on September 26, 2024. The grant funding is intended to promote economic revitalization and community development by providing financial and technical assistance to the recipient, a certified CDFI organization. The financial assistance must be used for financial products, financial services, development services, loan loss reserves, and capital reserves to build the recipient's financial capacity to lend to eligible low-income and underserved markets and communities across the nation that lack adequate access to affordable financial services. The award is authorized under CFDA 21.020, the CDFI Program, which consistently provides technical assistance grants ranging from $200,000 to $300,000 to non-profit organizations, credit unions, and community development financial institutions to support personnel, professional services, travel, training, equipment, and supplies.