The Community Development Financial Institutions (CDFI) Program, administered by the U.S. Department of the Treasury, awarded a $300,000 Project Grant to Michigan Lending Solutions L3C on November 21, 2024. The purpose of this grant is to invest in and build the capacity of native CDFIs, empowering them to grow, achieve organizational sustainability, and drive community revitalization in native communities nationwide. The funding will be used to create jobs, build businesses, and foster economic...
The federal Project Grant award of $300,000 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to New Community Investments, LLC on November 21, 2024. The funding is intended to invest in and build the capacity of CDFIs, empowering them to grow, achieve organizational sustainability, and drive community revitalization, particularly in Native American and low-income communities. The award will support the CDFI's...
This $550,000 Project Grant was awarded on September 26, 2024 by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to Prosperus Detroit Micro Lending, a non-profit CDFI based in Detroit, Michigan. The funding will enable Prosperus Detroit to expand its small dollar lending and provide microloans and technical assistance to entrepreneurs in underserved and low-to-moderate income communities, with a particular focus on supporting...
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 Sustainable Neighborhoods LLC, a nonprofit limited liability company, on September 26, 2024. The funding supports the CDFI Program's mission to promote economic revitalization and community development through investments in certified and emerging CDFIs. Under this award, Sustainable Neighborhoods LLC will utilize the...
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) aims to invest in and build the capacity of the awardee, American Bancshares, Inc., a CDFI serving Native American communities nationwide. The funding will be used to create jobs, build businesses, and foster economic self-determination in these underserved communities through the delivery of financial services, loans, investments, and...
The Project Grant award of $300,000 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to Impact Ventures Accelerator, a non-profit organization, to be completed by December 31, 2027. The grant aims to invest in and build the capacity of Native CDFIs, empowering them to grow, achieve sustainability, and drive economic revitalization in Native communities nationwide. The funding will be used to create jobs, build...
This $1,250,000 Project Grant award from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) supports the Cleveland Development Advisors Community Reinvestment Fund, Inc., a nonprofit CDFI and community development corporation, in delivering financial products, services, and technical assistance to underserved communities. The funding will enable the organization to expand lending, investment, and capacity-building activities to...
This $560,000 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support the Miami Bayside Foundation Inc.'s work to promote economic revitalization and community development. Through the Community Development Financial Institutions Program, which uses the CFDA number 21.020 to invest in and build the capacity of certified Community Development Financial Institutions, the Foundation will provide $560K in funding and training to...
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 Stark Bancshares, Inc., a for-profit organization, in delivering financial services, loans, investments, and technical assistance to underserved communities. This award, which runs from November 2024 to December 2026, aims to build the organizational capacity of this CDFI, enabling it to create jobs, support business...
The Department of the Treasury's Community Development Financial Institutions Fund awarded a $640,000 Project Grant to Michigan First Credit Union through the Community Development Financial Institutions Program (CFDA 21.020). The grant will support Michigan First Credit Union in providing loans, investments, financial services and technical assistance to businesses and individuals in underserved communities through December 2026. The Community Development Financial Institutions Program aims...