Project Grant 241TA065167G

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. The grant will provide technical assistance to build the capacity of certified and emerging CDFIs to serve low-income and underserved populations across the nation that lack adequate access to affordable financial products and services. Eligible activities under the grant include compensation for personnel and fringe benefits, professional services, travel, training and education, equipment, and supplies. The grant recipient, Cooperativa De Ahorro Y Credito Ana G. Mendez, is a minority-owned, non-profit, Hispanic American-owned organization located in Puerto Rico. This award is funded under the CDFI Program (CFDA 21.020), which consistently demonstrates a pattern of technical assistance grants ranging from $200,000 to $300,000 with 2-3 year project periods.