The federal Project Grant award of $1,285,000 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to Hope Federal Credit Union, doing business as Hope, a community development credit union. This funding will enable Hope to expand its lending, grantmaking, and investment initiatives to advance economic recovery in underserved areas impacted by COVID-19. Specifically, the grant will allow Hope to build organizational capacity, acquire technology, and provide an array of financial and technical assistance services, including affordable lending programs, financial advising, homebuyer education, and small business development initiatives. This investment aims to drive job creation, business development, and economic self-determination, with a particular emphasis on supporting Native American communities.
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