The Treasury Department opened the application process for the Emergency Capital Investment Program, which will provide $9 billion in capital to Community Development Financial Institutions and Minority Depository Institutions.
Treasury launches $9B CDFI, MDI program
March 05, 2021 / By ICBA
The Treasury Department opened the application process for the Emergency Capital Investment Program, which will provide $9 billion in capital to Community Development Financial Institutions and Minority Depository Institutions.
The Treasury Department opened the application process for the Emergency Capital Investment Program, which will provide $9 billion in capital to Community Development Financial Institutions and Minority Depository Institutions.
The funds support loans, grants, and forbearance for small and minority businesses and consumers in low-income communities. The ECIP will complement the $3 billion in CDFI Fund grants through the CDFI Rapid Response Program and the Emergency Support and Minority Lending Program.
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