CDFI Fund Invests in the Unique Assets of Grantees
We’re excited that 39 grantees received grants totaling nearly $50 million.
Community development financial institution (CDFI) grantees in our region are receiving some long-deserved support that acknowledges their wisdom, passion, and expertise!
In June, the CDFI Fund announced its most recent round of COVID-19 relief grant awards. Included among the hundreds of CDFIs receiving awards were 39 Foundation grantees that serve Native Americans, people of color, immigrants and refugees, and people in rural areas.
These grantees have taken on leadership responsibilities for responding to COVID-19 in their communities and reimagined how investment can better fit their needs. In many ways, grantees have reached well beyond their role as lenders to help coordinate responses for service delivery and emergency support—which has been especially important amidst gaps in earlier government relief.
What the multiple crises of the past 16 months have exposed is the stark impact of generations of underfunding and exclusion of the communities our grantees serve. It’s so important to fund responses designed by and for communities. Increased funding for community-led CDFIs is a step in the right direction.
Here’s a listing with links to the 39 Foundation grantees that received CDFI Fund grants.
We’re honored to support all 39 grantees. Of these, 17 are Native CDFIs, and we’re calling them out because we’ve been detailing the vital nature of their response over the course of the pandemic.
NATIVE CDFI GRANTEES
Seventeen Native CDFI grantees received awards totaling nearly $15 million.
Native CDFIs build on the unique cultural assets and traditions of Native Americans, often providing the only banking for entire communities excluded by the mainstream financial services sector. Native CDFIs have been key institutions that provided supplies, food, and much more in response to the pandemic and racial injustice in Native communities.