Carver Financial Corporation

Carver Financial Corporation is a minority-owned, Black-owned business registered in the System for Award Management (SAM) since 2012, with a corporate structure and for-profit orientation. The organization is a certified Community Development Financial Institution (CDFI) focused on expanding economic opportunity in underserved communities, particularly targeting low-income areas and populations with limited financial access. As a CDFI, Carver Financial Corporation specializes in providing affordable financial products, services, and technical assistance to communities that traditionally face barriers to mainstream financial systems.

Through multiple federal grant awards from the U.S. Department of the Treasury's Community Development Financial Institutions Fund, Carver Financial Corporation has consistently received project grants supporting community development initiatives. These grants include the Community Development Financial Institutions Program, Small Dollar Loan Program, and Emergency Response Program, totaling approximately $3.3 million between 2021 and 2024. The organization uses these federal funds to establish loan loss reserves, provide technical assistance, create economic opportunities in underserved markets, and support community revitalization efforts. Specific grant objectives have included expanding lending capabilities, offering affordable capital alternatives, building organizational capacity, acquiring necessary technological tools, and fostering economic self-determination in Native and minority communities. The grants consistently aim to help unbanked and underbanked populations build credit, access affordable financial services, and integrate into the mainstream financial ecosystem through targeted financial products and supportive services.