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Active Project Grant Awarded Last action
- Award ID
- ARC24C21936
- Recipient
-
Woodlands Community Lenders Inc. UEI UGGUH14JHBU9
- Awarding agency
- Appalachian Regional Commission
- Obligated
- $2,751,507
Award facts
- Assistance listing
- 23.002 Appalachian Area Development
- Completion date 63% complete
- Funding
-
- $1,897,137.00 Federal
- $854,370.00 Non-federal
- Place of performance
- United States
Award details come from USAspending.gov.
About this award
The Appalachian Regional Commission (ARC) awarded a $2,751,507 Project Grant under the Appalachian Area Development program (CFDA 23.002) to Woodlands Community Lenders Inc., a non-profit Community Development Financial Institution. The grant supports a range of economic development, infrastructure, and community capacity-building initiatives across the Appalachian region over a period of 3 years from October 2024 to December 2027. Woodlands Community Lenders Inc. will use the funding to provide financial products, services, technical assistance, and capacity-building support to low-income communities and individuals in underserved rural and urban markets. The grant activities focus on workforce training, community infrastructure improvements, business development, and regional economic diversification to strengthen economic growth and self-sustaining development in the Appalachian region.
Quick answers
Who received award ARC24C21936?
ARC24C21936 was awarded to Woodlands Community Lenders Inc. by Appalachian Regional Commission on October 1, 2024.
How much is award ARC24C21936 worth?
$2,751,507 has been obligated on ARC24C21936: $1,897,137 in federal funding and $854,370 in non-federal funding.
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