This $167,800 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund will support the Northwest Access Fund's participation in the Small Dollar Loan Program. Through this award, the Northwest Access Fund will establish a loan loss reserve and receive technical assistance funding to develop and maintain a small dollar loan program. This program aims to increase access to affordable small dollar loans for underbanked populations, helping them build...
The Department of the Treasury's Community Development Financial Institutions Fund awarded $1.2 million to Northwest Access Fund through the Community Development Financial Institutions Program (CDFI Program, CFDA 21.020) on February 28, 2023. The Project Grant will support Northwest Access Fund's work to promote economic revitalization and community development in underserved areas through September 30, 2026. As a certified Community Development Financial Institution, Northwest Access Fund will...
The Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $2,400,000 Project Grant to the Northwest Access Fund, a certified CDFI, to invest in and build the capacity of the organization. The grant, awarded on September 26, 2024, will enable the Northwest Access Fund to deliver financial services, loans, investments, and technical assistance to underserved communities, particularly low-income, Native American, and economically disadvantaged...
This $159,000 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund will support the Northwest Native Development Fund in establishing and maintaining a small dollar loan program through December 2024. The grant provides funding for loan loss reserves and technical assistance to enable the certified Community Development Financial Institution to offer alternative financing options to underbanked populations. Through the Small Dollar Loan Program,...
The Northwest Access Fund received a $1,088,000 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund on December 8, 2021 to promote economic revitalization and community development through September 30, 2024. Under the Community Development Financial Institutions Program, the Northwest Access Fund will use the financial assistance to provide $1.1 million in financial products, financial services, development services, loan loss reserves,...
The Department of the Treasury's Community Development Financial Institutions Fund awarded $142,500 under the Small Dollar Loan Program (CFDA 21.025) to the Nimiipuu Community Development Fund on September 23, 2021. The award will enable the recipient to establish a loan loss reserve and provide technical assistance to support small dollar lending through September 30, 2024. Specifically, the funding will be used to defray costs of maintaining a small dollar loan program and support related...
The Department of the Treasury's Community Development Financial Institutions Fund awarded a $131,918 Project Grant to First Nations Community Financial through the Small Dollar Loan Program (CFDA 21.025). The grant will enable the recipient to establish a loan loss reserve and provide technical assistance to support a small dollar loan program. This program aims to increase access to affordable capital and credit-building opportunities for underbanked populations through CDFI-administered small...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $172,451 Project Grant on April 16, 2024 to Northern Shores Community Development through the Small Dollar Loan Program (CFDA 21.025). This grant enables Northern Shores, a minority-owned non-profit CDFI, to establish and maintain a small business loan program to provide affordable alternatives to high-cost small dollar loans. The funding supports the organization's efforts to help unbanked...
The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Fnbc Bancorp Inc. a $230,000 Project Grant under the Small Dollar Loan Program (CFDA 21.025). The grant will enable the recipient to establish a loan loss reserve and provide technical assistance to support small dollar lending. Through this alternative lending model, the intended outcomes are to help the unbanked and underbanked populations build credit, access affordable capital, and...
The federal Project Grant award of $252,927 from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund, under the CFDA program titled "Small Dollar Loan Program" (21.025), is intended to enable a certified CDFI or partnership between a CDFI and Federally Insured Depository Institution to establish and maintain small business loan programs. The primary objectives of the program are to provide affordable alternatives to high-cost small dollar...