Project Grant C8BCS23827

The Department of the Treasury's Community Development Financial Institutions Fund awarded Covington Capital Corporation a $125,000 Project Grant under the Community Development Financial Institutions Program (CFDA 21.020). The grant will support Covington Capital Corporation in building its organizational capacity to serve eligible low-income communities and individuals across the United States who lack adequate access to affordable financial products and services through September 2023. As a...

The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $800,000 Project Grant to The Capital Good Fund Inc. on September 26, 2024. This grant is intended to promote economic revitalization and community development through financial assistance and capacity building for CDFIs. The Capital Good Fund, a certified CDFI, will use the funds to provide a range of financial products, financial services, development services, loan loss reserves, and...

The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $1,285,000 Project Grant to Security Capital Corporation on September 26, 2024. The purpose of the grant is to promote economic revitalization and community development by providing financial assistance to the recipient, a for-profit Community Development Financial Institution (CDFI). The funding must be used for financial products, financial services (for regulated institutions only),...

Century Affordable Development Inc. was awarded a $1.8 million Capital Magnet Fund project grant by the Department of the Treasury's Community Development Financial Institutions Fund on February 22, 2021. The grant will support the Capital Magnet Fund program's goal of creating and preserving affordable housing for low-income families and economically distressed communities. Specifically, Century Affordable Development Inc. will use the funding to attract private capital through financing that...

The Community Development Financial Institutions (CDFI) Program, a federal grant initiative administered by the U.S. Department of the Treasury (CFDA 21.020), awarded a $800,000 Project Grant to Community Housing Capital, Inc., a certified CDFI based in Decatur, Georgia. The funding will enable Community Housing Capital to provide financial products, financial services, development services, loan loss reserves, and capital reserves to low-income and underserved populations, with the goal of...

The Capital Magnet Fund award of $4.8 million from the Department of the Treasury's Community Development Financial Institutions Fund will support the creation and preservation of affordable housing through the Capital Magnet Fund program (CFDA 21.011). Administered by Cinnaire Lending Corporation, the grant will attract private capital to finance affordable housing for low-income families, individuals, and economically distressed communities through the preservation and rehabilitation of...

This $1,800,000 Project Grant award from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program, CFDA 21.020, was provided to Capital Impact Partners, a non-profit community development financial institution. The funding will be used to promote economic revitalization and financial inclusion in underserved communities through the provision of financial products, financial services, development services, loan loss reserves, and capital reserves. The goal...

The Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $9,000,000 Capital Magnet Fund (CFDA 21.011) project grant to Impact Development Fund, a certified CDFI and non-profit organization, on October 15, 2024. The grant will be used to attract private investment and increase affordable housing for low-income, very low-income, and extremely low-income individuals and families through the acquisition, development, rehabilitation, and preservation of...

Common Capital, Inc. was awarded a $995,000 project grant from the Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Rapid Response Program. The grant will support Common Capital's ability to provide financing and technical assistance to communities and businesses impacted by the economic effects of the coronavirus pandemic from June 2021 through June 2023. The Community Development Financial Institutions Rapid...

This $2.26 million project grant from the Department of Commerce's Economic Development Administration funds the Capital Gravity Arizona: Startup and Innovation Ecosystem Capital Accelerator Program. Delivered by Next Foundation, the program aims to create Capital Gravity Arizona, a transformational capital accelerator for Arizona's startup and innovation ecosystems. Key services include welcome programming, pipeline access, diverse learning communities, and innovation ecosystems for each cohort...