The Community Development Financial Institutions (CDFI) Program, administered by the U.S. Department of the Treasury (CFDA 21.020), has awarded a $800,000 Project Grant to Appalachian Community Capital Corporation (ACCC), a minority-owned and woman-owned non-profit CDFI. This funding will enable ACCC to provide financial services, capital access, and economic development support to low-to-moderate income and underserved communities, particularly in the Appalachian region. Key initiatives include funding clean energy projects through community lenders, supporting distributed renewable energy generation, net-zero emissions building construction and renovation, and zero-emission vehicle investments. ACCC will also utilize a subrecipient mechanism through its subsidiary, Green Bank for Rural America, to execute various community development projects focused on areas such as COVID-19 economic recovery, community engagement, workforce development, technical assistance, and targeted financial support to minority and women-owned businesses in disadvantaged communities. This comprehensive approach aims to mobilize private capital, create jobs, improve health outcomes, and stimulate economic growth in underserved regions.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $800.0k | 9/26/24 |