The federal Project Grant award of $300,000 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) on November 21, 2024. The purpose of the grant is to promote economic revitalization and community development through technical assistance to build the capacity of certified and emerging Community Development Financial Institutions (CDFIs). The grant funding will be used by the recipient, The Urban Empowerment Fund, a non-profit organization and community development corporation, to deliver eligible activities such as compensation for personnel, professional services, travel, training, equipment, and supplies. The goal is to help CDFIs serve low-income populations and communities that lack adequate access to affordable financial products and services across the nation. The Urban Empowerment Fund also has a sub-award partnership with the National Urban League to help close the entrepreneurship gap for socially and economically disadvantaged individuals.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $300.0k | 11/21/24 |