Project Grant 241TA064837G

The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $300,000 Project Grant to Community Development Resources, a non-profit CDFI located in Lincoln, Nebraska. The grant, awarded on November 21, 2024, is intended to promote economic revitalization and community development by building the organizational capacity of Community Development Resources to serve low-income and underserved populations across the nation that lack adequate access to affordable financial products and services.

The funding will support a range of eligible activities, including compensation for personnel, fringe benefits, professional services, travel, training and education, equipment, supplies, and incorporation costs. The ultimate goal of the technical assistance is to enable Community Development Resources to more effectively deliver its core services, such as microloans up to $50,000, comprehensive business training, and other financial and developmental support to underserved entrepreneurs, particularly women, low-income, and minority business owners.