CDFI PROGRAM AWARD BOOK
CDFI PROGRAM . AWARD BOOK. FY 2021. The CDFI Fund is an equal opportunity provider. COMMUNITY DEVELOPMENT THE CDFI PROGRAM PROVIDES BOTH FINANCIAL ASSISTANCE. AND TECHNICAL ASSISTANCE AWARDS: FINANCIAL INSTITUTIONS Financial Assistance (Base-FA) awards of up to $1 million allow CDFIs to sustain and expand their financial products and services. CDFIs that qualify for Base-FA funding must match this AWARD with funds from a non-federal source. PROGRAM Base-FA awards can be used for lending capital, loan loss reserves, capital reserves, financial services, and development services to achieve at least one of the following FA objectives: Increase volume of products or services Provide new products or services Access to affordable financial products and services Expand operations into new geographic areas is a staple of economically sound communities. Yet at Service new targeted populations least one quarter of American households do not have bank accounts or rely on costly payday lenders and The FY 2021 application emphasized the extent of economic distress in the check-cashing outlets.
AWARD HIGHLIGHTS: KEY STATISTICS OF FY 2021 BASE FINANCIAL ASSISTANCE . APPLICANTS. For the fiscal year (FY) 2021 funding round of the CDFI Program, the CDFI Fund ... African Economic Development Solutions St Paul MN $300,000 $300,000 ... LLC Houston TX $125,000 $125,000
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