We are excited to share that 39 Alliance members have been awarded grants with an economic impact of $101,230,406 through the CDFI Equitable Recovery Program in response to the economic impacts caused by the COVID-19 pandemic.
The CDFI Equitable Recovery Program aims to address the disproportionate impact of the pandemic on communities of color, low-income populations, and disadvantaged communities. As recipients of these funds, members will be able to sustain and broaden their initiatives towards enhancing access to capital, promoting affordable housing, boosting internal staff capabilities, providing technical assistance, and fortifying their financial position. As a result, they will help generate employment opportunities, stimulate economic growth, and aid in the revival of low-income and marginalized communities that have been severely impacted.
We want to extend our warmest congratulations to the 39 recipients for their outstanding achievements and tireless efforts to uplift their communities. We are proud to have you as part of the African American Alliance of CDFI CEOs, and we look forward to witnessing the transformative impact of your work in the coming months and years.
Please join us in celebrating this milestone and acknowledging the vital role that Black-led CDFIs play in the ongoing recovery and revitalization of our communities.
Once again, congratulations on this well-deserved recognition!
CDFI Equitable Recovery Program Award Recipients:
Bronze Valley Corp, People Trust, Southern Bancorp Capital Partners, AmPac Tri-State CDC Inc., Pacific Coast Regional, Small Business Development Corp., Vermont-Slauson LDC, Inc., Washington Area Community Investment Fund, True Access Capital Corporation, Black Business Investment Fund, Inc., Albany Community Together, Inc., The Chicago Community Loan Fund, Greenwood Archer Capital, Inc., The Housing Partnership Fund, Inc., Baltimore Community Lending, Inc., Enterprise Community Loan Fund, Inc., Prosperus Detroit Micro Lending, Neighborhood Development Center, Hope Enterprise Corporation, Hope Federal Credit Union, Institute Capital, Inc., Omaha 100, Incorporated, Greater Jamaica Local Development Company, Inc., Harlem Entrepreneurial Fund, LLC, Local Initiatives Support Corporation, Nonprofit Finance Fund, TruFund Financial Services, Inc., Upper Manhattan Empowerment Zone Development Corporation, Tulsa Economic Development Corporation, CommunityWorks, River City Capital Investment Corporation, Appalachian Community Capital Corporation, Capital Impact Partners, Virginia Community Capital, Inc., Legacy Redevelopment Corporation, Northwest Side Community Development Corporation, New Jersey Community Capital, Metropolitan Economic Development Assoc.
