Project Grant 90EE1331

This $800,000 federal Project Grant award from the U.S. Department of Health and Human Services (HHS) Administration for Children and Families under the Community Services Block Grant Discretionary Awards program (CFDA 93.570) will capitalize a $500,000 revolving loan fund to finance three small businesses owned and operated by female and minority owners in South Los Angeles, California. The grant will also provide $300,000 for the operating expenses of the awardee, Vermont-Slauson LDC Inc., a non-profit community development corporation. Vermont-Slauson LDC Inc. has previously received over $4.5 million in federal grant funding since 2020 to deliver community economic development programs, small business lending, and technical assistance services to minority-owned, women-owned, and low-to-moderate income microenterprises and communities in California.