The U.S. Department of Treasury's Community DevelopmentFinancial Institutions Fund has awarded $172 million in Financialand Technical Assistance awards to 191 organizations including 35credit unions.

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The awards for credit unions ranged from $46,272 to $1,347,000.A $3 million grant was also awarded to one credit union through theHealthy Food Financing Initiative.

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The ASI Federal Credit Union, Electro Savings Credit Union, HopeFederal Credit Union, Latino Community Credit Union, Self-HelpFederal Credit Union, First Light Federal Credit Union, GTE FederalCredit Union, Opportunities Credit Union, Shreveport Federal CreditUnion each received a $1,347,000 award as part of the fiscal year2013 CDFI program.

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The CDFI Fund awarded 23 credit unions last year and 27 in 2011.

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The awards “will enable Community Development FinancialInstitutions across the country to increase their lending andinvestments in low-income and economically distressed communities,”said a Community Development Financial Institutions Fund pressrelease issued on Tuesday.

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The Self-Help Federal Credit Union also received an additional$3 million grant under the Healthy Food Financing Initiative.

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“The awardees under this initiative will expand their lending tohealthy food investments to combat food deserts. Eligible usescover a range of interventions such as grocery stores, mobile foodretailers, farmers markets, cooperatives, corner stores, andbodegas,” according to the CDFI Fund.

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CDFI Fund Director Donna Gambrell said the CDFI Program providedmore awards in the fiscal year 2013 round than any other round inthe fund's history.

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“By expanding the reach and impact of this program to moreorganizations, the CDFI Fund is supporting more economicdevelopment efforts than ever before to bring new life tostruggling communities,” Gambrell said.

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