The African Economic Development Solutions (AEDS) was awarded $300,000 under the Community Development Financial Institutions (CDFI) Fund's Community Development Financial Institutions Program (CDFI Program, CFDA 21.020) Project Grant to promote economic revitalization and community development. Through this award from the Department of the Treasury ending December 2024, AEDS will provide financial products, financial services, development services, loan loss reserves, and capital reserves to...
The Department of the Treasury's Community Development Financial Institutions Fund awarded $325,000 under the Community Development Financial Institutions Program (CFDA 21.020) to African Economic Development Solutions through December 2026. This Project Grant aims to promote economic revitalization and community development by building the capacity of certified Community Development Financial Institutions. African Economic Development Solutions will use training opportunities and monetary...
This $1,250,000 Project Grant awarded on September 26, 2024 by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) supports the African Development Center, a certified CDFI and minority-owned, Black American-owned community development organization based in Minneapolis, Minnesota. The grant will enable the African Development Center to deliver a range of financial services, loans, investments, and technical assistance to underserved...
African Economic Development Solutions received a $540,450 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Rapid Response Program. The grant period runs from June 15, 2021 through December 31, 2023. The funding will support African Economic Development Solutions' ability to provide financial and technical assistance to communities and businesses impacted by the economic effects of...
This $105,000 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund will support African Economic Development Solutions' small dollar lending program through December 2024. The grant enables the certified Community Development Financial Institution to establish a loan loss reserve and receive technical assistance to provide alternative financing options to underserved communities. Specifically, the funding will help defray costs of maintaining a...
The African Development Center received a $590,000 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Program. The grant funding will support the Center's provision of financial products, financial services, development services, loan loss reserves, and capital reserves to low-income individuals and communities that lack access to affordable options. The award period is from December...
The federal Project Grant award of $300,000 from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) supports the African American Alliance of CDFI CEOs, Inc., a minority-owned non-profit organization, in delivering technical assistance, capacity building, and strategic support to Community Development Financial Institutions (CDFIs). This funding, awarded in November 2024, aims to enhance the organizational sustainability of CDFIs,...
The $300,000 federal Project Grant award from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) supports the Small Business Empowerment Fund CDFI in delivering financial services and technical assistance to underserved communities, particularly Native American regions. This grant, awarded in November 2024, enables the organization to fund personnel, professional services, travel, training, equipment, and operational expenses to...
The Project Grant award of $484,000 was provided to Ceds Finance, a non-profit community development financial institution (CDFI), by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program. The grant is being used by Ceds Finance to deliver financial services, loans, investments, and technical assistance to underserved communities, particularly low-income, minority, women-owned, immigrant, and refugee-led small businesses in the Denver Metro area. The...
The federal Project Grant award of $300,000, provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020), is intended to invest in and build the capacity of the awardee, New Economy Loan Fund, LLC, a non-profit Community Development Financial Institution. The funding will enable the awardee to deliver financial services, loans, investments, and technical assistance to underserved communities, particularly low-income, Native...