Capital Fund Receives $1.8 Million CDFI RRP Award to Assist Health Centers Affected by COVID-19
On June 15, 2021, Capital Fund received a $1.8 million award from the United States Treasury's CDFI Rapid Response Program (CDFI RRP). These funds, as part of $1.25 billion in total allocated to 863 community development financial institutions (CDFIs) nationwide, will provide necessary capital for Capital Fund to respond to economic challenges created by the COVID-19 pandemic, particularly in underserved communities. This award will be used to provide loans for health center capital projects and operational needs, in support of their ongoing response and recovery from the pandemic.
The CDFI Fund designed the program to disburse the funds rapidly in light of the nationwide economic impacts of the COVID-19 pandemic. CDFI RRP awards will reach a wide variety of low-income communities across the United States impacted by the COVID-19 pandemic. The awardees include CDFIs that serve rural, major urban, and minor urban markets. A CDFI can be a bank, credit union, loan fund, or venture capital fund. Learn more here >