Project Grant SBAHQ24Y0022

The Department of the Treasury's Community Development Financial Institutions Fund awarded a $395,000 Project Grant to Dorchester Bay Neighborhood Loan Fund, Inc. through the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024). The two-year award running from June 2021 through December 2023 will support Dorchester Bay's ability to provide financing and respond to the economic impacts of the coronavirus pandemic in its local community. The CDFI RRP aims...

Lowell Community Loan Fund, Inc. was awarded $500,000 under the Department of the Treasury Community Development Financial Institutions Fund's Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA #21.033) on April 10, 2023. The grant will enable Lowell Community Loan Fund to provide $500K in loans, investments, financial counseling and capacity building support through December 31, 2028 to expand economic opportunities for low- and moderate-income...

This $560,000 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support Lowell Community Loan Fund Inc.'s work under the Community Development Financial Institutions Program. The CDFI Program provides monetary awards and technical assistance to certified Community Development Financial Institutions and emerging CDFIs to promote economic revitalization and community development. Lowell Community Loan Fund will use the funding to...

This $300,000 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund will support the Lowell Community Loan Fund Inc.'s provision of financial products, financial services, development services, loan loss reserves, and capital reserves to eligible markets and its approved target market through December 2024. The Community Development Financial Institutions Program aims to promote economic revitalization and community development by investing...

The Dorchester Community Food Co-Operative, Inc. was awarded a $444,525.80 Project Grant from the US Department of Agriculture National Institute of Food and Agriculture under the Community Food Projects (CFP) federal grant program (CFDA 10.225). The two-year grant will support the Co-Op's initiative to build a new food co-op in Dorchester, MA to provide affordable, sustainably sourced groceries focusing on local products. The co-op aims to nourish and employ the diverse community while...

The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $252,927 Project Grant under the Small Dollar Loan Program (CFDA #21.025) to Bay Bank, a for-profit, American Indian-owned Community Development Financial Institution (CDFI). The grant enables Bay Bank to establish and maintain small business loan programs that provide affordable alternatives to high-cost small dollar loans, with the goal of helping unbanked and underbanked populations...

The City of Boston's Department of Neighborhood Development (DND) was awarded a $5,001,958.94 Formula Grant under the U.S. Department of Housing and Urban Development's (HUD) HOME Investment Partnerships Program (CFDA 14.239). This grant, with a performance period ending on September 30, 2033, will enable the DND to expand affordable housing opportunities for low- and very low-income residents in Boston. The award supports a range of eligible activities, including rehabilitation of...

The Lowell Community Loan Fund, Inc. was awarded a $1,826,265 Project Grant from the Department of the Treasury Community Development Financial Institutions Fund under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024). The grant will support the organization's ability to respond to the economic impacts of the coronavirus by providing lending and other financial services through December 31, 2023. The CDFI RRP aims to bolster Community Development...

The City of Boston, Department of Neighborhood Development, received a Project Grant award of $405,020.00 from the U.S. Department of Housing and Urban Development (HUD) under the Continuum of Care (CoC) Program (CFDA 14.267) to support housing and homeless services in the Boston metropolitan area. The funding will be used to implement a range of initiatives aimed at preventing and ending homelessness, including providing rental assistance, operating emergency shelters and transitional...

This $1,670,902 federal Project Grant award, provided by the U.S. Department of Housing and Urban Development (HUD) through the Continuum of Care (CoC) Program (CFDA 14.267), supports the City of Boston's Department of Neighborhood Development (DND) in delivering a range of housing and supportive services to address homelessness in the Boston area. The award will fund permanent and transitional housing, rapid rehousing, homelessness prevention, and supportive services for vulnerable populations,...