United States:
Treasury Opens Fiscal Year 2021 CDFI Rapid Response Program Funding Round
04 March 2021
Cadwalader, Wickersham & Taft LLP
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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.
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