- USBCDC announced $1.15 million in grants to more than a dozen Black-led Community Development Financial Institution (CDFI) partners
- These grants directly support Black communities by providing immediate funding in the wake of COVID-19
- A total of 15 CDFIs receive grants ranging from $50,000 to $100,000 while the African American Alliance will receive $150,000 to support Black-led CDFIs
- Grants will be used for direct support to Black businesses, families and individuals to offset financial stresses caused by COVID-19
- Many of these CDFIs founded and historically operated by Black leaders to help overcome the structural barriers
- The African American Alliance of CDFI CEOs (AAA) deeply grateful for the recent investments made by USBCDC
