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221HF059693-G

Project Grant

Overview

Grant Description
The CDFI Program uses monetary awards and training opportunities to invest in and build the capacity of CDFIs, empowering them to grow, achieve organizational sustainability, and drive community revitalization.

Through the use of monetary awards and training opportunities for Native CDFIs, the CDFI Fund's NACA Program creates jobs, builds businesses, and fosters economic self-determination in Native communities nationwide.
Awardee
Peoples Bancshares
Grant Program (CFDA)
21.020 - Community Development Financial Institutions Program
Awarding / Funding Agency
Community Development Financial Institutions Fund (CDFI) [USDT]
Place of Performance
Multi-State United States
Geographic Scope
Multi-State
Related Opportunity
None
Analysis Notes
Amendment Since initial award the total obligations have decreased 50% from $7,200,000 to $3,600,000.
Peoples Bancshares was awarded Empowering Native CDFIs Economic Self-Determination: NACA Program Project Grant 221HF059693-G worth $3,600,000 from Community Development Financial Institutions Fund in February 2023 with work to be completed primarily in Multi-State United States. The grant has a duration of 3 years 10 months and was awarded through assistance program 21.020 Community Development Financial Institutions Program.

Status
(Ongoing)

Last Modified 3/7/23

Period of Performance
2/28/23
Start Date
12/31/26
End Date
74.0% Complete

Funding Split
$3.6M
Federal Obligation
$0.0
Non-Federal Obligation
$3.6M
Total Obligated
100.0% Federal Funding
0.0% Non-Federal Funding

Activity Timeline

Interactive chart of timeline of amendments to 221HF059693-G

Additional Detail

Award ID FAIN
221HF059693-G
SAI Number
None
Award ID URI
SAI EXEMPT
Awardee Classifications
For-Profit Organization (Other Than Small Business)
Awarding Office
2031JN COMM DEV AND NATIVE INITIATIVES
Funding Office
2031JN COMM DEV AND NATIVE INITIATIVES
Awardee UEI
N9QJM5PNNKL6
Awardee CAGE
7FW55
Performance District
90

Budget Funding

Federal Account Budget Subfunction Object Class Total Percentage
Community Development Financial Institutions Fund, Program Account, Treasury (020-1881) Community development Grants, subsidies, and contributions (41.0) $3,600,000 100%
Modified: 3/7/23