211TA058003-G

Purpose: To promote economic revitalization and community development through investment in and assistance to community development financial institutions (CDFIs) and emerging CDFIs.

Activities to be performed: Technical assistance must be used for the following eligible activities subject to the applicable provisions of the Uniform Requirements: compensation – personal services, compensation – fringe benefits, professional service costs, travel costs, training and education costs, equipment, supplies, and incorporation costs (sponsoring entities only).

End goal/expected outcomes: The goal of the technical assistance is to build certified and emerging CDFI’s organizational capacity to serve 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.

Wbrt Federal Credit Union

THROUGH THE CDFI PROGRAM, THE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFI) FUND PROVIDES (I) FA AWARDS TO CERTIFIED CDFIS TO BUILD THEIR FINANCIAL CAPACITY TO LEND TO ELIGIBLE MARKETS AND/OR THEIR TARGET MARKETS, AND (II) TA AWARDS TO BUILD CERTIFIED AND EMERGING CDFIS’ ORGANIZATIONAL CAPACITY TO SERVE ELIGIBLE MARKETS AND/OR THEIR TARGET MARKETS. FA AWARDS INCLUDE THE BASE FINANCIAL ASSISTANCE (BASE-FA) AWARD AND MAY ALSO INCLUDE THE FOLLOWING AWARDS THAT ARE PROVIDED AS A SUPPLEMENT TO THE BASE-FA AWARD: HEALTHY FOOD FINANCING INITIATIVE [1]-FINANCIAL ASSISTANCE (HFFI–FA), PERSISTENT POVERTY COUNTIES-FINANCIAL ASSISTANCE (PPC–FA), AND DISABILITY FUNDS-FINANCIAL ASSISTANCE (DF–FA).

21.020 - Community Development Financial Institutions Program

Community Development Financial Institutions Fund (CDFI) [USDT]

Multi-State United States

Multi-State

Fiscal Year 2021 CDFI Program (CDFI-2021-FATA)

Amendment Since initial award the End Date has been shortened from 12/31/24 to 12/31/23 and the total obligations have decreased 40% from $125,000 to $75,000.