Tuesday, November 21, 2017

US Treasury CDFI Fund Awards CIC $1.25 Million

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On September 10, 2015 the Department of the Treasury CDFI Fund announced a $1.25 million grant to CIC to support its efforts in providing financing for affordable housing in low-income areas. Financial Assistance awards of up to $2 million allow Community Development Financial Institutions such as CIC to sustain and expand their financial products and services. CDFIs that qualify for FA funding must match this award with funds from a non-federal source. Awards can be used for lending capital, loan loss reserves, capital reserves, financial services, and development services.

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