The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $1,250,000 Project Grant to the African Development Center, a certified CDFI and minority-owned nonprofit organization based in Minneapolis, Minnesota. The funding, with an award date of September 26, 2024 and an ultimate completion date of December 31, 2027, will enable the African Development Center to deliver a range of financial services, loans, investments, and technical assistance to underserved communities, particularly African immigrant and refugee populations in the Minnesota region. The CDFI Program aims to promote economic revitalization and community development through targeted investments in CDFIs, empowering them to grow, achieve sustainability, and drive community revitalization. This grant will support the African Development Center's efforts to create jobs, build businesses, and foster economic self-determination in the communities it serves.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $1.3m | 9/26/24 |