Making History: $142.3 Million for 155 Communities Nationwide

HS News Staff

Posted: 25 July 2011 05:49 PM

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In the single largest round of awards in the Community Development Financial Institutions (CDFI) Fund’s history, Treasury will distribute a total of $142,302,667 to 155 financial institutions serving economically distressed communities across the United States. CDFI Fund Director Donna Gambrell joined Senator Dick Durbin and Representative Danny Davis in Chicago yesterday to make the historic announcement.

The 2011 awards were given to organizations headquartered in 40 states and the District of Columbia through the CDFI Fund’s cornerstone program, the Community Development Financial Institutions Program, and touch both rural and urban communities.

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