NFF Receives $1 Million Award from the CDFI Fund
The US Department of the Treasury’s CDFI Fund has awarded NFF $1 million in Financial Assistance funds to help economically disadvantaged communities access financial services. NFF will use this funding to provide additional loans to mission-driven organizations that lack access to capital, with a particular focus on those that provide healthcare and human services. Such financing helps community-based organizations adapt to the changing financial landscape and expand or change to better meet the needs of the people they serve.
NFF is among an inspiring group of 196 Community Development Financial Institutions (CDFIs) that received a total of almost $186 million in financial and technical assistance grants this year to generate economic opportunity across the country.
This award will allow us to equip even more invaluable organizations with the capital they need to grow or strengthen their services and infrastructure and improve the lives of low-income people.
The CDFI Fund has provided more than $2.2 billion in awards since 1994 to help economically under-resourced communities access financial products and services. For more information about the CDFI Fund, click here to visit their website.