Project Grant 241TA064829G

This $300,000 Project Grant, awarded by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund on November 21, 2024, aims to promote economic revitalization and community development through technical assistance to build the capacity of Community Development Financial Institutions (CDFIs) and emerging CDFIs. The funding will be used to support eligible activities such as personnel compensation, fringe benefits, professional services, travel, training, education, equipment, and supplies. The goal is to build the organizational capacity of certified and emerging CDFIs to serve low-income populations and communities across the nation that lack adequate access to affordable financial products and services. The award recipient, Covington Capital Corporation, is a for-profit CDFI focused on providing financial solutions to underserved communities, particularly Native American communities nationwide.