Project Grant 241TA064881G

This $300,000 Project Grant was awarded on November 21, 2024 by the U.S. Department of the Treasury Community Development Financial Institutions (CDFI) Fund under the CDFI Program (CFDA 21.020). The grant funding will be used by the recipient, Toledo Urban Federal Credit Union (Toledo Urban FCU), a non-profit community development organization, to promote economic revitalization and build the capacity of certified and emerging CDFIs to serve low-income and underserved populations. The grant will support eligible activities such as personnel compensation, professional services, travel, training, equipment, and supplies. Toledo Urban FCU plans to utilize the funding to deliver $3.3 million in total financing, with a focus on supporting Native American communities and addressing economic disparities. This award builds upon Toledo Urban FCU's previous CDFI Fund grants totaling $2.85 million since 2020, which have enabled the organization to provide critical financing and support, including creating jobs, developing businesses, and fostering economic self-determination in underserved communities.