To promote economic revitalization and community development through technical assistance awards to build the capacity of community development financial institutions (cdfis) and emerging cdfis

Union Neighborhood Assistance Corp. received a $150,000 Project Grant from the Community Development Financial Institutions Fund under the Community Development Financial Institutions Program (CFDA 21.020) to provide technical assistance to certified and emerging Community Development Financial Institutions (CDFIs). The award, obligated on September 30, 2025, with a completion date of December 31, 2028, will support organizational capacity-building activities designed to strengthen CDFIs' ability to serve low-income individuals and underserved communities lacking adequate access to affordable financial products and services. Eligible activities under this award include personnel compensation and fringe benefits, professional services, travel, training and education, equipment, supplies, and incorporation costs.

The technical assistance funding will build the institutional capabilities of CDFIs to operate effectively within their target markets and investment areas as defined in applicable federal regulations. As a three-year performance period award, this grant supports the broader federal objective of promoting economic revitalization and community development by enhancing CDFI operational effectiveness and sustainability to better serve eligible markets and populations across the nation.

Activities

Technical assistance must be used for the following eligible activities subject to the applicable provisions of the uniform requirements: compensation - personal services, compensation - fringe benefits, professional service costs, travel costs, training and education costs, equipment, supplies, and incorporation costs (sponsoring entities only). End goals: the goal of the technical assistance is to build certified and emerging cdfi's organizational capacity to serve eligible markets and/or their target markets, in order to serve low-income people, and communities across the nation that lack adequate access to affordable financial products and financial services. Beneficiaries: profit organization, private nonprofit institution/organization, other private institution/organization. Investment areas and targeted populations, as defined in 12 C.F.R. 1805. Subrecipients: there are no subrecipients for this program. Broadband: not applicable. Reason for modification: not applicable.