Treasury Extends CDFI Deadline

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The Treasury Department is extending the application deadline for technical assistance grants provided under its Community Development Financial Institutions Fund for seven weeks until March 7.

There will be about $2 million available under this round of funding, maybe the final round if Congress approves the Bush Administrations proposed budget cuts for CDFI.

About two dozen credit unions received more than $1 million in CDFI technical assistance grants, ranging from $5,000 to $95,000, last year.

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