43 Community Development Banks Receive Critical Boost to Provide Capital in Distressed Communities Nationwide

Tuesday, November 19, 2019

The US Department of Treasury's Community Development Financial Institutions (CDFI) Fund today awarded $31.37 million to 43 community development banks and bank holding companies through its CDFI Program and Native American CDFI Assistance (NACA) Program Awards. With the awards, these banks will provide much-needed capital investments to small businesses and other critical community development projects such as affordable housing, neighborhood revitalization, and expansion into new geographic markets.