FY24 congressional community project funding dreamspring 2 307K
Active Project Grant Awarded
- Award ID
- SBAHQ24I0042
- Recipient
-
Dreamspring UEI DW6GMUZGQDJ5
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $307,000
Award facts
- Assistance listing
- 59.059 Congressional Grants
- Completion date 77% complete
- Place of performance
- Albuquerque, NM, USA
Award details come from USAspending.gov.
About this award
This $307,000 Project Grant was awarded on July 1, 2024 by the U.S. Small Business Administration's Office of the Chief Operating Officer under the Congressional Grants program (CFDA 59.059). The grant recipient is Dreamspring, a nonprofit community lender dedicated to eliminating systemic wealth inequities and accelerating economic inclusion for underserved communities.
Dreamspring, a certified Community Development Financial Institution (CDFI) serving Arizona, New Mexico, Nevada and Texas, will utilize the funding to provide microloans, financial training, and other assistance to small businesses, entrepreneurs and communities in low- and moderate-income areas. The grant supports Dreamspring's mission of deploying capital and technical assistance to create jobs, foster economic self-determination, and drive community revitalization across the U.S. The project period for this award runs through June 30, 2027.
Quick answers
Who received award SBAHQ24I0042?
SBAHQ24I0042 was awarded to Dreamspring by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.
How much is award SBAHQ24I0042 worth?
$307,000 has been obligated on SBAHQ24I0042.
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