The federal government awarded a $300,000 Project Grant under the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to Fedcap Investment Corporation, a non-profit organization located in New York, NY. The purpose of the grant is to promote economic revitalization and community development by providing technical assistance to build the capacity of certified and emerging CDFIs to serve low-income and underserved communities across the nation that lack adequate access to affordable financial products and services. The eligible activities under this award include compensation for personnel services and fringe benefits, professional service costs, travel, training and education, equipment, supplies, and incorporation costs. The award period is from November 21, 2024 to September 30, 2028. The funding aims to empower CDFIs to grow, achieve organizational sustainability, and drive community revitalization through financial and technical assistance.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $300.0k | 11/21/24 |