The federal Project Grant award in the amount of $550,000 was provided by the Community Development Financial Institutions (CDFI) Program, administered by the U.S. Department of the Treasury's Community Development Financial Institutions Fund (CFDA 21.020). The grant funding enables Sykes Equity LLC's Private Leverage division, a minority-owned for-profit organization, to provide technical assistance and capacity building services to support certified and emerging Community Development Financial Institutions (CDFIs) serving low-income communities and individuals across the United States who lack access to affordable financial products and services. The grant funds activities such as compensation, travel, training, equipment, supplies, and incorporation costs to promote economic revitalization and community development through these CDFI capacity building efforts. The funding period runs from September 26, 2024 through the ultimate completion date of December 31, 2027.
Generated 1/28/25, 10:58 AM