The Department of the Treasury's Community Development Financial Institutions (CDFI) Program has awarded a $300,000 Project Grant to Cooperativa De Ahorro Y Credito Vegabajena, a minority-owned, for-profit financial cooperative located in Vega Baja, Puerto Rico. The purpose of this grant is to promote economic revitalization and community development through technical assistance to build the capacity of certified and emerging CDFIs to serve low-income populations and communities with limited access to affordable financial products and services. The funding will be used for eligible activities such as personnel compensation, professional services, travel, training, equipment, and supplies to enable the cooperative to expand its ability to provide critical financial services and support financial inclusion for marginalized communities in Puerto Rico. This grant is part of the CDFI Program (CFDA 21.020), which consistently provides technical assistance awards ranging from $200,000 to $300,000 to non-profit organizations, credit unions, and community development financial institutions across the United States and its territories.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $300.0k | 11/21/24 |