The Treasury Department said it awarded more than $54 million to 89 institutions through its Community Development Financial Institutions Fund program.
Processing Content
The program provides funds to lending organizations including banks, credit unions, and housing advocacy groups that serve low-income communities that need affordable financial services.
This year applicants requested over $205 million.
The recipients included ASI Federal Credit Union of Harahan, La., which received $1.097 million, and Liberty Financial Services Inc. in New Orleans, which received $1.096 million.
