United States:
Treasury Opens Fiscal Year 2021 CDFI Rapid Response Program Funding Round
04 March 2021
Cadwalader, Wickersham & Taft LLP
To print this article, all you need is to be registered or login on Mondaq.com.
Treasury's Community Development Financial Institutions
("CDFIs") Fund opened its FY2021 Rapid Response Program ("RRP") to
"quickly and broadly" deploy capital to address economic
hardships created by the COVID-19 pandemic and advance racial
justice.
The RRP will provide $1.25 billion to CDFIs to serve low-income
communities and those who lack access to financing. The application
round for the program will be open for one month. Applications must
be submitted to the fund by March 25, 2021.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Finance and Banking from United States
Secured Creditor Chapter 11 Considerations
Trenam Law
Lenders are naturally in a reactionary position when their borrowers file for Chapter 11. Following these tips will help position them for the best possible outcome.
Dos And Don'ts Of Interacting With Bank Regulators
Goodwin Procter LLP
Supervision is a daily fact of life for bank boards and management. Below, we offer strategies for how both board members and members of management can ensure that the supervisory process goes as smoothly as possible.