211FA057968-G
Project Grant
Overview
Grant Description
Purpose: To promote economic revitalization and community development through investment in and assistance to Community Development Financial Institutions (CDFIs).
Activities to be performed: Financial assistance must be used for financial products, financial services (regulated institutions only), development services, loan loss reserves, and capital reserves (regulated institutions only), in an eligible market or the recipient's approved target market.
End goal/expected outcomes: The goal of the financial assistance is for CDFIs to build their financial capacity to lend to eligible markets and/or their target markets, in order to serve rural and urban low-income people, and communities across the nation that lack adequate access to affordable financial products and financial services.
Intended beneficiaries: Profit organization, private nonprofit institution/organization, other private institution/organization investment areas and targeted populations, as defined in 12 C.F.R. 1805.
Subrecipient activities: Only in the case where a CDFI depository institution holding company applicant intends to carry out the activities of an award through its subsidiary CDFI insured depository institution, as identified in its assistance agreement with the CDFI Fund.
Activities to be performed: Financial assistance must be used for financial products, financial services (regulated institutions only), development services, loan loss reserves, and capital reserves (regulated institutions only), in an eligible market or the recipient's approved target market.
End goal/expected outcomes: The goal of the financial assistance is for CDFIs to build their financial capacity to lend to eligible markets and/or their target markets, in order to serve rural and urban low-income people, and communities across the nation that lack adequate access to affordable financial products and financial services.
Intended beneficiaries: Profit organization, private nonprofit institution/organization, other private institution/organization investment areas and targeted populations, as defined in 12 C.F.R. 1805.
Subrecipient activities: Only in the case where a CDFI depository institution holding company applicant intends to carry out the activities of an award through its subsidiary CDFI insured depository institution, as identified in its assistance agreement with the CDFI Fund.
Grant Program (CFDA)
Awarding / Funding Agency
Place of Performance
Multi-State
United States
Geographic Scope
Multi-State
Related Opportunity
None
Analysis Notes
Amendment Since initial award the End Date has been shortened from 12/31/24 to 09/06/23 and the total obligations have decreased 100% from $300,000 to $0.
Kalamazoo Neighborhood Housing Services was awarded
Project Grant 211FA057968-G
from Community Development Financial Institutions Fund in December 2021 with work to be completed primarily in Multi-State United States.
The grant
has a duration of 1 year 9 months and
was awarded through assistance program 21.020 Community Development Financial Institutions Program.
Status
(Complete)
Last Modified 9/19/23
Period of Performance
12/8/21
Start Date
9/6/23
End Date
Funding Split
$0.0
Federal Obligation
$0.0
Non-Federal Obligation
$0.0
Total Obligated
Transaction History
Modifications to 211FA057968-G
Additional Detail
Award ID FAIN
211FA057968-G
SAI Number
None
Award ID URI
SAI EXEMPT
Awardee Classifications
Nonprofit With 501(c)(3) IRS Status (Other Than An Institution Of Higher Education)
Awarding Office
2031JN COMM DEV AND NATIVE INITIATIVES
Funding Office
2031JN COMM DEV AND NATIVE INITIATIVES
Awardee UEI
WQAXWKHMRD46
Awardee CAGE
4B4A7
Performance District
90
Modified: 9/19/23