WASHINGTON –More than 250 organizations received $76.32 million in Technical Assistance (TA) Awards to build their capacity to provide financial products and services to low-income and underserved people and communities across America, Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced.
The Awards were made through the fiscal year (FY) 2024 funding round of the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program).
“It is our great delight to celebrate the 30th Anniversary of the CDFI Fund by announcing the CDFI and NACA Program Technical Assistance Award Recipients,” said CDFI Fund Director Pravina Raghavan. “It is fitting that in this combined round, the CDFI Fund was able to award the largest number and amount of TA Awards in the history of the program.”
For FY 2024, 246 organizations received $72.6 million in CDFI Program TA Awards. They are headquartered in 42 states, the District of Columbia, and Puerto Rico. In addition, 10 organizations received $3.72 million in NACA Program TA awards. They are headquartered in seven states and the District of Columbia.