The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $300,000 Project Grant to Faith Community United Credit Union Inc., a minority-owned non-profit CDFI, on November 21, 2024. The grant's purpose 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 lacking adequate access to affordable financial products and services. The funding will support eligible activities such as compensation for personnel, professional services, travel, training, equipment, and supplies to strengthen the organization's ability to deliver financial services, loans, investments, and technical assistance to underserved communities, particularly Native American regions. This aligns with the CDFI Program's broader goal of expanding access to affordable financial products, creating jobs, building businesses, and fostering economic self-determination in marginalized communities across the United States.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $300.0k | 11/21/24 |