Project Grant 241FA065774G

Award Date 9/26/24
Completion Date 12/31/27
Dollars Obligated $800K
Federal Grant Program
21.020
Assistance Type
Project Grant
Place of Performance
United States
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The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $800,000 Project Grant to True Access Capital Corp, a non-profit CDFI based in Wilmington, Delaware. The grant, awarded on September 26, 2024, is intended to promote economic revitalization and community development by providing financial and technical assistance to the organization.

Through this funding, True Access Capital Corp will use the grant for eligible activities such as financial products, financial services, development services, loan loss reserves, and capital reserves. The goal is for the CDFI to build its financial capacity to lend to eligible markets and target communities, particularly low-income and underserved urban and rural populations across the nation that lack adequate access to affordable financial services. The grant will enable True Access Capital Corp to continue delivering specialized small business development, training, and technical assistance programs to support women, minority, and low-income entrepreneurs in Delaware and southeastern Pennsylvania.

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