Project Grant 241TA065685G

The $300,000 federal Project Grant award, provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020), supports the African American Alliance of CDFI CEOs, Inc. in delivering technical assistance to build the organizational capacity of certified and emerging CDFIs. The goal is to enhance the ability of these CDFIs to serve low-income and underserved communities across the nation that lack adequate 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. This award, made on Nov 21, 2024, is the second significant federal grant the organization has received from the CDFI Fund, following a prior $200,000 technical assistance grant in 2022. The African American Alliance of CDFI CEOs, Inc. is a minority-owned, non-profit organization focused on supporting and empowering CDFIs, particularly those serving Native American and low-income communities.