Vice President Kamala Harris announced more than $1.73 billion to go toward Community Development Financial Institutions this week. A San Diego lender received the second largest grant in California.
The U.S. Treasury Department awarded more than $10 million to three San Diego County Community Development Financial Institutions to bolster pandemic recovery and small business lending in low-income regions.that more than $1.73 billion would go to 603 CDFIs across the country.
“There’s a number of programs through the CDFI fund that the bank participates in — they aren’t to this extent,” Andrews said in a phone interview. “This dollar amount is extraordinary.” In addition to lending, Accessity connects entrepreneurs of color, women, immigrant, and low-to-moderate income entrepreneurs to free business and financial coaching services. Carlson added that a portion of the award money will help the organization grow its operational capacity to support borrowers and equitable recovery activities in the community., said the nonprofit lender received $500,000, which will go toward small businesses and promote affordable housing.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
San Diego launches campaign to repair 6,000 broken streetlights — with some federal helpThe city is spending a $3.5 million grant to replace old wiring in some of those streetlights, and it is contracting with independent electricians to boost staffing.
Read more »
Report: San Diego, Imperial County car loans are getting biggerThe average new car loan in San Diego and Imperial counties is growing. Consumers are compensating by stretching out their loans over longer periods. But that means more interest and a higher chance they'll owe more than their car is worth.
Read more »
Downtown San Diego encampments decrease for second monthNonprofit conducts a monthly count of homeless people living on sidewalks and in vehicles
Read more »
International Soccer Returning to San Diego: Snapdragon Stadium Named Gold Cup Host StadiumThe Gold Cup is officially coming back to America’s Finest City. On Monday the Confederation of North, Central America and Caribbean Association Football (commonly known as CONCACAF, the entity that oversees soccer for more than 40 member countries) finalized the group of 15 stadiums that will host games. San Diego’s shiny new Snapdragon Stadium made the cut. This will be…
Read more »
San Diego man one trip away from visiting every country in the worldThere's a patch from every country Ramblin' Randy has visited; he even has a map to prove his travels in his office.
Read more »