Project Grant 241FA065226G

The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $800,000 Project Grant to the National Association for Latino Community Asset Builders (NALCAB) on September 26, 2024. The purpose of this grant is to promote economic revitalization and community development by providing financial and technical assistance to Community Development Financial Institutions (CDFIs) that serve low-income and underserved populations. The planned activities under this award include the provision of financial products, financial services, development services, loan loss reserves, and capital reserves to CDFIs, enabling them to build their financial capacity to lend to eligible markets and their target markets. This will ultimately help serve rural and urban low-income people and communities across the nation that lack adequate access to affordable financial products and services.