WASHINGTON –– Credit unions that do community development work can begin applying for grants from the Treasury Department's Community Development Financial Institutions Fund.
The program provides up to $54 million in competitively-awarded funds to community-based institutions that provide affordable financing and related services to communities and populations lacking access to credit, capital and financial services. Since it was created in 1994, it has awarded $564 million in grants.
The deadline is October 29 but institutions not certified as a CDFI must apply for that designation by October 1.
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