Making History: $142.3 Million for 155 Communities Nationwide

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.

CDFI Director Donna Gambrell and Senator Dick Durbin look on as Rep. Danny Davis speaks at the event in Chicago. [Photo credit: Steve Becker, beckermedia.com]

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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Source: http://www.whitehouse.gov/blog/2011/07/19/making-history-1423-million-155-communities-nationwide

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