RCAC Home Page > News and Publications >

U.S. Department of the Treasury announces more than $142.3 million in CDFI Program awards

RCAC awarded $1.5 million to impel economic growth in the West

July 18, 2011

After reviewing 393 applications for Community Development Financial Institutions (CDFI) Program funds, the U.S. Department of the Treasury awarded more than $142.3 million to 155 CDFIs that serve economically distressed communities in the nation. The awards represent the "largest single round of monetary awards" in the CDFI Fund's history.

“Today’s awards will provide much-needed capital to help community-based financial institutions offer products and services that would otherwise be out of reach for thousands of low-income Americans,” said Deputy Treasury Secretary Neal Wolin.

RCAC is a certified Community Development Financial Institution (CDFI) with a CARS™ rating of AA+2.

Source: Press release issued by the U.S. Department of the Treasury >>

List of Awardees >> 

Back

 

News and Publications

Upcoming Events

More Training and Events…