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CDFI Fund awards $204 million, including to SSTI members
The Community Development Financial Institutions (CDFI) Fund recently announced the recipients of more than $204 million in FY 2020 funding. Much of the agency’s funding is used to support banking and lending services, but several SSTI members were among the 357 awardees. Launch NY received a financial assistance award and Invest Nebraska and Vermont Sustainable Jobs Fund received technical assistance awards.
Under the financial assistance program, the CDFI Fund provides matching dollars for non-federal funds to increase an awardee’s financial capacity. Technical assistance awards can be used to expand the organization’s operational capacity. All applicants for these programs must be certified CDFIs. Learn more about the CDFI certification process and available funding at cdfifund.gov.
cdfi, awards