The Department of the Treasury Community Development Financial Institutions Fund awarded a $125,000 Project Grant to Invest PGH Inc. under the Community Development Financial Institutions Program (CFDA 21.020). The grant will support technical assistance activities through December 2023 to build the organizational capacity of certified and emerging Community Development Financial Institutions. Technical assistance funds will be used for personal and professional services, travel, training,...
This $800,000 Project Grant award under the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) was provided to Progress Fund, a non-profit community development corporation and certified CDFI located in Greensburg, Pennsylvania. The funding is intended to promote economic revitalization and community development through investment in and financial assistance to CDFIs. Progress Fund plans to use the grant for financial products, financial...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $1,250,000 Project Grant to Bridgeway Capital Inc., a non-profit community development financial institution (CDFI), on September 26, 2024. The grant funding is intended to promote economic revitalization and community development by enabling Bridgeway Capital to provide financial products, financial services, development services, loan loss reserves, and capital reserves to low-income and...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $1,735,000 Project Grant to The Reinvestment Fund, Inc., a non-profit community development corporation and certified CDFI headquartered in Philadelphia, Pennsylvania. The grant, with an award date of September 26, 2024 and an ultimate completion date of December 31, 2027, is intended to promote economic revitalization and community development by providing financial and technical...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program has awarded a $1,735,000 Project Grant to Community First Fund, a non-profit Community Development Financial Institution based in Lancaster, Pennsylvania. The purpose of this federal grant is to promote economic revitalization and community development through investment in and financial assistance to CDFIs. The grant funding must be used by Community First Fund for financial products, financial...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $800,000 Project Grant to the Invest Detroit Foundation on September 26, 2024. The grant funding is intended to promote economic revitalization and community development by building the financial capacity of the Invest Detroit Foundation, a certified CDFI, to provide financial products, financial services, development services, loan loss reserves, and capital reserves to low-income and...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $300,000 Project Grant to New Community Investments, LLC on November 21, 2024. The purpose of this grant is to promote economic revitalization and community development by providing technical assistance to build the capacity of certified and emerging CDFIs. The planned activities under this grant include compensation for personnel services, fringe benefits, professional services, travel,...
The U.S. Department of Housing and Urban Development (HUD) awarded the City of Pittsburgh a $13,398,170 Community Development Block Grant (CDBG) Entitlement Grant (CFDA 14.218) to fund a range of community development initiatives targeting low- and moderate-income populations. The grant will support activities such as affordable housing rehabilitation, infrastructure improvements, public services, and economic development assistance over a 7-year period from October 1, 2024 to September 1, 2031....
The federal Project Grant award of $725,000 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) on September 26, 2024. The purpose of the grant is 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, Institute Capital, Inc., a non-profit organization, to build its...
This $1,860,000 Project Grant was awarded on September 26, 2024 by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund under the CDFI Program (CFDA 21.020). The purpose of the grant is to promote economic revitalization and community development by providing financial and technical assistance to the awardee, Peoples Bancshares, Inc., a certified CDFI focused on serving low-income and underserved populations. The grant funds will be used by Peoples...