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.
Recommended For You
"In these turbulent times, building the capacity of CDFIs serving the nation's distressed communities is more important than ever," CDFI Fund Director Donna Gambrell said in a statement.
The program has posted an application workshop on line at: www.cdfifund.gov/how_to_apply/. There are also in-person workshops on Aug. 18 in Chicago, Sept. 10 in Arlington, Va., and Sept. 19 in Denver.
For additional information on the program go to www.grants.gov or www.cdfifund.gov.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
