Treasury Extends CDFI Deadline

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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