The Community Development Financial Institutions Fund within the Department of the Treasury awarded $560,000 under the Community Development Financial Institutions Program (CFDA 21.020) to the Black Business Investment Fund, Inc. (BBIF) on February 28, 2023. Through September 30, 2026, BBIF will use the funding to provide loans, investments, financial counseling and other services to support economic revitalization and community development in underserved communities. As a certified Community...
The Black Business Investment Fund, Inc., doing business as BBIF, was awarded a $1,278,385 project grant from the Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA #21.024). The grant provides funding from June 15, 2021 through September 30, 2023 to support BBIF's ability to address the economic impacts of the COVID-19 pandemic in the United States. As a Community...
This $500,000 project grant from the Department of the Treasury's Community Development Financial Institutions Fund will support the Black Business Investment Fund, Inc. in delivering financial products, financial services, development services, loan loss reserves, and capital reserves to eligible markets and target populations as defined in 12 C.F.R. 1805. The goal is to build the CDFI's financial capacity to lend to low-income communities and individuals who lack adequate access to...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $550,000 Project Grant to FBT Bancshares, Inc., a certified CDFI, on September 26, 2024. The CDFI Program uses monetary awards and training opportunities to invest in and build the capacity of CDFIs, empowering them to grow, achieve organizational sustainability, and drive community revitalization. Through this Project Grant, FBT Bancshares, Inc. will utilize the funding to provide...
The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded $1,060,000 under the Community Development Financial Institutions Program (CDFI Program, CFDA #21.020) to the Florida Community Loan Fund. The award period is February 28, 2023 through June 30, 2026. The CDFI Program promotes economic revitalization and community development through investment in and assistance to certified Community Development Financial Institutions (CDFIs). This award will...
This federal Project Grant award of $280,369 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund under the Bank Enterprise Award (BEA) Program (CFDA 21.021). The funding supports FDIC-insured depository institutions, such as Bankfirst Financial Services, a for-profit organization based in Macon, Mississippi, to increase their investments and support to certified CDFIs, as well as expand their lending, investing, and service-related...
The federal Project Grant award of $900,000 from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) supports We Florida Financial, a certified CDFI, in delivering financial products, services, development services, loan loss reserves, and capital reserves to underserved communities. This funding enables We Florida Financial to create jobs, build businesses, and foster economic self-determination, with a particular emphasis on...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program has awarded a $1,285,000 Project Grant to the Neighborhood Impact Investment Fund, Inc. (NIIF), a non-profit CDFI based in Baltimore, Maryland. This grant, authorized under CFDA 21.020, aims to support NIIF's efforts to deliver financial products, services, and development assistance to underserved communities, with a particular focus on low-income and minority populations. The grant will enable...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $300,000 Project Grant to American Bancshares, Inc. on November 21, 2024. The grant is intended to promote economic revitalization and community development by providing technical assistance to build the capacity of certified and emerging CDFIs. The planned activities include compensation for personal services, fringe benefits, professional services, travel, training, equipment,...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $280,369 Project Grant under the Bank Enterprise Award (BEA) Program (CFDA 21.021) to FBT Bank & Mortgage, a federally insured depository institution certified as a CDFI. The grant supports the bank's efforts to increase investments and support for other certified CDFIs, as well as expand lending, investing, and service-related activities in the most economically distressed communities....