Project Grant C8BCS23947

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...

This $590,000 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support Community Housing Capital, Inc.'s provision of financial products, financial services, development services, loan loss reserves, and capital reserves to eligible markets and target populations as defined in 12 C.F.R. 1805. The funding aims to promote economic revitalization and community development by building Community Housing Capital's capacity to lend to...

The Department of the Treasury's Community Development Financial Institutions Fund awarded Capital Impact Partners $1.14 million under the Community Development Financial Institutions Program (CFDA 21.020) on February 28, 2023 to support community development and revitalization efforts through December 31, 2026. The Community Development Financial Institutions Program promotes economic revitalization and community development by investing in and building the capacity of certified Community...

The Community Development Financial Institutions Fund within the Department of the Treasury awarded Security Capital Corporation $701,530 under the Community Development Financial Institutions Program (CFDA 21.020) to promote economic revitalization and community development through December 2024. The Project Grant funding will support financial products, financial services, development services, loan loss reserves, and capital reserves to build Security Capital Corporation's capacity to lend to...

The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Capital Bancorp, Inc. a $482,900 Project Grant under the Community Development Financial Institutions Program (CFDA 21.020). The grant will support Capital Bancorp's efforts to promote economic revitalization and community development through February 2023 to December 2026. As a certified Community Development Financial Institution, Capital Bancorp will use the funding to grow its capacity...

The Department of the Treasury's Community Development Financial Institutions Fund awarded a $125,000 Project Grant to Capital Good For Humanity, Inc. under the Community Development Financial Institutions Program (CFDA 21.020). The grant will support technical assistance activities to build the organizational capacity of certified and emerging Community Development Financial Institutions (CDFIs) to serve low-income communities and individuals across the United States who lack adequate access to...

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...

This Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund provides $525,000 to Altcap under the Community Development Financial Institutions Program (CFDA 21.020) through December 2024. The funding will support Altcap's provision of financial products, services, development services, loan loss reserves, and capital reserves to eligible markets and target populations as defined in 12 C.F.R. 1805, with the goal of building financial capacity...

The Community Development Financial Institutions Fund within the Department of the Treasury awarded Resident Ownership Capital, LLC a $590,000 Project Grant under the Community Development Financial Institutions Program. The grant funds will support the provision of financial products, services, development services, loan loss reserves, and capital reserves to benefit low-income individuals and communities that lack access to affordable options. As a certified Community Development Financial...

This $560,000 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support Vital Healthcare Capital's work to promote economic revitalization and community development. Through the Community Development Financial Institutions Program (CFDA 21.020), the Fund uses monetary awards and training to build the capacity of certified Community Development Financial Institutions (CDFIs) like V-Cap. The award period is from February 28, 2023...