Project Grant E4CHP24421

This $122,256 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund will support the establishment and maintenance of a small dollar loan program through the Small Dollar Loan Program (CFDA #21.025). The grant provides funding to United Bank, a certified Community Development Financial Institution, for loan loss reserves and technical assistance activities that will enable the provision of alternative, affordable small dollar loans to underbanked...

This $415,000 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund will support Optus Financial Corporation's small dollar lending program through December 2024. Under the Small Dollar Loan Program (CFDA 21.025), the grant provides funding for loan loss reserves and technical assistance to enable the certified Community Development Financial Institution to establish and maintain affordable small dollar loans. Such loans help the unbanked and...

This $1,025,000 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support the provision of financial products, financial services, development services, loan loss reserves, and capital reserves by Community Loan Fund of the Capital Region, Inc. to eligible markets and target populations as defined in 12 C.F.R. 1805. The funding assists the awardee community development financial institution in building its capacity to lend and...

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The federal Project Grant award of $400,000.00 was provided by the U.S. Department of the Treasury Community Development Financial Institutions (CDFI) Fund under the Native Initiatives program (CFDA 21.012). The purpose of the grant is to promote economic revitalization and community development by providing technical assistance to build the capacity of Native Community Development Financial Institutions (CDFIs) and emerging CDFIs. The funding will be used to support eligible activities such...

This $1,046,530 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support the Enterprise Community Loan Fund Inc. in delivering financial products, financial services, development services, loan loss reserves, and capital reserves to benefit low-income communities and populations across the United States that lack adequate access to affordable options. Specifically, the funding will help build the awardee's financial capacity to lend...

This $159,000 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund will support the Northwest Native Development Fund in establishing and maintaining a small dollar loan program through December 2024. The grant provides funding for loan loss reserves and technical assistance to enable the certified Community Development Financial Institution to offer alternative financing options to underbanked populations. Through the Small Dollar Loan Program,...

The Sunlight Loan Fund, LLC received a $125,000 Project Grant award from the Department of the Treasury Community Development Financial Institutions Fund under the Community Development Financial Institutions Program (CFDA 21.020). The grant will support the provision of technical assistance services from September 16, 2021 through June 30, 2025. Services will include professional development, training, and capacity building to strengthen the organization and allow it to better serve rural and...

The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Fnbc Bancorp Inc. a $230,000 Project Grant under the Small Dollar Loan Program (CFDA 21.025). The grant will enable the recipient to establish a loan loss reserve and provide technical assistance to support small dollar lending. Through this alternative lending model, the intended outcomes are to help the unbanked and underbanked populations build credit, access affordable capital, and...

The Department of the Treasury's Community Development Financial Institutions Fund awarded $280,000 under the Small Dollar Loan Program (CFDA 21.025) federal grant to Cani's Center For Community And Economic Development, Inc., doing business as Brightpoint Development Fund, on September 23, 2021. Through this project grant, Brightpoint Development Fund will establish a loan loss reserve and receive technical assistance to develop and maintain a small dollar loan program. The loan loss reserve...