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

Federal Grant Award Summary

Cooperativa De Ahorro Y Credito Intermetro received a $150,000 Technical Assistance grant from the Department of the Treasury Community Development Financial Institutions Fund under the Community Development Financial Institutions Program (CFDA 21.020), awarded on September 30, 2025. This three-year award, with a completion date of September 30, 2028, provides technical assistance to build organizational capacity and enhance service delivery to low-income populations and underserved communities.

The funded technical assistance activities support eligible expenditures including personnel compensation and fringe benefits, professional services, travel, training and education, equipment, supplies, and incorporation costs. These investments are designed to strengthen the awardee's institutional capabilities to serve eligible investment areas and targeted populations as defined in applicable regulations, ultimately enabling the organization to expand access to affordable financial products and services to communities lacking adequate access to mainstream financial institutions.

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.