This $725,000 Project Grant award was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to Trufund Financial Services, Inc., a non-profit community development financial institution. The funding is intended to promote economic revitalization and community development by building the financial capacity of CDFIs to lend to eligible low-income and underserved markets across the United States. Specifically, the grant will support Trufund's provision of financial products, financial services, development services, loan loss reserves, and capital reserves to its target populations. The award, effective September 26, 2024, has a project period through December 31, 2027. Trufund has also engaged in sub-grant activities, such as a partnership with the City of Birmingham to provide technical and financial assistance to disadvantaged construction businesses.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $725.0k | 9/26/24 |