WebJun 16, 2024 · Vice President Kamala Harris and Treasury Secretary Janet L. Yellen announced the awards at the White House as part of $1.25 billion in COVID ... “CDFI … WebFY 2024, $1.25 billion of these funds were awarded through its newly established CDFI Rapid Response Program (CDFI RRP), which was designed to quickly deploy capital to CDFIs through ... In FY 2024, the CDFI Fund will award the remaining $1.75 billion under the Minority Lending Program to CDFIs to expand their lending,
Community Development Financial Institutions Fund
WebFeb 25, 2024 · provide Awards to the majority of Applicants. Per the NOFA, CDFI RRP expects to award an estimated 1,000 Awards with an average Award size of $1.2 … Update June 15, 2024: U.S. Treasury Awards $1.25 Billion to Support Economic Relief in Communities Affected by COVID-19 Washington- The U.S. Department of the Treasury today awarded $1.25 billion in COVID-19 relief funds to 863 community development financial institutions (CDFIs). The awards were … See more The Consolidated Appropriations Act, 2024 (Act; Pub. L. 116-260) provided $1.25 billion to the Community Development Financial Institutions Fund (CDFI Fund) to … See more The CDFI RRP was designed to quickly and broadly deploy capital to Certified CDFIs through a streamlined application and evaluation … See more Organizations that were Certified by the CDFI Fund as CDFIs as of the date of the Notice of Funds Availability (NOFA) publication in the Federal Register were eligible to apply to the CDFI RRP. Applicants for CDFI … See more Important documents for the FY 2024 CDFI Rapid Response Program Award Recipients are below. Please check back as more documents … See more uis teachers
Awards Community Development Financial Institutions …
WebIn addition, 28 organizations that primarily serve Puerto Rico received $47.3 million in awards, and 90 minority depository institutions received a total of $133.9 million in … WebCDFI RRP Award. However, as noted in the CDFI RRP NOFA Section V.A.1.d, the Award amount ... WebAug 13, 2024 · CDFI RRP awards will enable CDFIs to help businesses keep their doors open, help families make ends meet, and help maintain important community facilities during this difficult time.” ... thomas riccardi youtube