The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $150,000 Project Grant to Park Manor Christian Church Credit Union, a minority-owned and Black American-owned not-for-profit CDFI located in Chicago, Illinois. The grant, awarded on November 21, 2024, is intended to promote economic revitalization and community development through technical assistance to build the capacity of certified and emerging CDFIs. The funding will enable Park Manor Christian Church Credit Union to provide eligible activities such as personnel compensation, professional services, travel, training, equipment, and supplies in order to expand its lending capabilities, deliver targeted financial services, and build infrastructure to better serve low-income and underserved communities across the nation that lack adequate access to affordable financial products and services. This grant aligns with the CDFI Program's mission to invest in and build the capacity of CDFIs, empowering them to grow, achieve organizational sustainability, and drive community revitalization.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $150.0k | 11/21/24 |