This federal Project Grant award of $1,100,000 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to Housing Development Fund Inc., a woman-owned non-profit community development organization located in Stamford, Connecticut. The purpose of the grant is to promote economic revitalization and community development through financial assistance to the recipient, a certified CDFI, to build its capacity to provide financial products, financial services, development services, loan loss reserves, and capital reserves to low-income populations and underserved communities across the United States that lack adequate access to affordable financial services. The grant award has a project period from September 26, 2024 to June 30, 2028. Housing Development Fund Inc. has a history of receiving federal grant awards from the CDFI Fund, totaling over $7.1 million between 2021-2028, which it has utilized to deliver lending, investments, and financial services to support affordable housing, first-time homebuyers, and economic development activities in underserved markets.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $1.1m | 9/26/24 |