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

Partnership For Environmental Progress received a $125,000 Technical Assistance award from the Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020), effective September 30, 2025, with a completion date of December 31, 2028. The award supports organizational capacity-building activities for certified and emerging CDFIs serving low-income communities and underserved markets lacking adequate access to affordable financial products and services. Eligible use of funds encompasses personnel compensation and fringe benefits, professional services, travel, training and education, equipment, supplies, and incorporation costs.

As a woman-owned nonprofit community development corporation based in San Diego, California, Partnership For Environmental Progress will utilize these funds to strengthen institutional capabilities that enable CDFIs to expand their operational reach and effectiveness in serving eligible investment areas and targeted populations. The three-year performance period aligns with standard timeframes for emerging CDFI recipients under the CDFI Program, with no subrecipients identified for this award. The funding represents part of the Department of the Treasury's broader strategy to promote economic revitalization and community development through targeted capacity-building investments in financial institutions serving disadvantaged communities.

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.