The Department of the Treasury's Community Development Financial Institutions Fund awarded Ozarks Heritage Financial Group, Inc. a $740,000 Project Grant under the Community Development Financial Institutions Program (CFDA 21.020). The three-year award will support Ozarks Heritage Financial Group's efforts to promote economic revitalization and community development in Native American communities through February 2026. As a certified Community Development Financial Institution, Ozarks Heritage...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $6,000,000 Project Grant to Ozarks Heritage Financial Group, Inc., a certified CDFI, on September 26, 2024. The purpose of this grant is to provide supplemental funding to CDFI Financial Assistance (FA) and Native American CDFI Assistance (NACA FA) award recipients to finance activities that expand the availability of healthy foods in underserved areas. Planned activities under this...
The $300,000 federal Project Grant award was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to promote economic revitalization and community development. The grant funding will be used by the awardee, Commercial Bancshares of Ozark, Inc., to deliver technical assistance to build the organizational capacity of certified and emerging CDFIs. Eligible activities include compensation for personnel and professional...
The Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $450,000 Project Grant to First Missouri State Bank, a for-profit Subchapter S Corporation. The grant funding, with an award date of September 26, 2024 and an ultimate completion date of December 31, 2027, is intended to support the CDFI Program's goal of promoting economic revitalization and community development through investment in and assistance to certified and emerging CDFIs. The grant...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $835,000 Project Grant to Southeast Arkansas Bank Corporation, a certified CDFI, on September 26, 2024. This grant, provided under CFDA 21.020, will enable the bank to offer financial products, financial services, development services, loan loss reserves, and capital reserves to low-income individuals and communities. The funding supports the bank's mission to create jobs, build...
The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded $482,900 under the Community Development Financial Institutions Program (CDFI Program, CFDA 21.020) to Southeast Arkansas Bank Corporation. This three-year Project Grant will support the CDFI Fund's mission to promote economic revitalization and community development through investment in and assistance to certified Community Development Financial Institutions (CDFIs). By empowering CDFIs to...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $300,000 project grant to Oak Ridge Bancshares, Inc. on November 21, 2024. The grant will be used to provide technical assistance to build the organizational capacity of certified and emerging CDFIs to serve low-income communities and populations with limited access to affordable financial products and services. Eligible activities under the grant include compensation for personnel, fringe...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $300,000 Project Grant to Uark Federal Credit Union on November 21, 2024. The grant's purpose is to promote economic revitalization and community development by building the organizational capacity of certified and emerging CDFIs through technical assistance. The funding will support Uark Federal Credit Union's efforts to expand access to affordable financial products, create jobs, build...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $800,000 Project Grant to Oswego County Federal Credit Union, a certified CDFI, to support economic revitalization and community development initiatives. Through this CFDA 21.020 CDFI Program grant, the credit union will utilize the funding to expand lending and investment activities, create technical assistance programs, offer affordable capital to minority and low-income borrowers, and...
The Community Development Financial Institutions Fund of the U.S. Department of the Treasury awarded $667,900 under the Community Development Financial Institutions Program (CFDA 21.020) to Communities Unlimited Inc. Through this three-year Project Grant, the awardee will provide capacity building and economic revitalization services to certified and emerging Community Development Financial Institutions. The CDFI Program uses monetary awards and training to invest in and strengthen CDFIs,...