WebJun 16, 2024 · Yesterday, the Department of Treasury announced community development financial institutions (CDFIs) awards from its Rapid Response Program (RRP) and 244 credit unions received $401.8 million in grants. The grants will be made via Treasury’s CDFI RRP and will be able to provide capital for CDFIs to respond to economic challenges … WebCDFI RRP Award. However, as noted in the CDFI RRP NOFA Section V.A.1.d, the Award amount ...
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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 corbyn gif
CDFI RRP Frequently Asked Questions (FAQs)
WebJun 15, 2024 · The CDFI RRP award recipients include: Loan funds: 463 organizations receiving $571.3 million in awards. Credit unions: 244 organizations receiving $401.8 … WebAug 13, 2024 · This blog was authored by my colleague, Kira Sexton, a signing director in our financial institutions practice in Indianapolis. In June, the U.S. Department of the Treasury awarded 863 community … WebEXECUTIVE SUMMARY: Through the CDFI Rapid Response Program (CDFI RRP), the CDFI Fund will provide (i) awards of up to $5 million to Certified Community … famous transformational leaders in business