Community First Fund Receives Award from US Treasury to Support Regional Economic Growth
Lancaster, PA (September 20, 2018) – Community First Fund, a Community Development Financial Institution (CDFI) headquartered in Lancaster, has been awarded $700,000 through the United States Department of Treasury Community Development Financial Institutions – Financial Assistance program to spur economic and community development in distressed and low-income communities. The award will be used to support Community First Fund’s lending efforts throughout central and eastern Pennsylvania.
On September 19th, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded $202.2 million to Community Development Financial Institutions (CDFIs) across the nation and Puerto Rico. The awards will enable CDFIs to increase lending and investment activity in low-income and economically distressed communities. Community First Fund was one of 302 organizations selected nationwide from a highly competitive grant application process, and one of only 11 recipient organizations in Pennsylvania.
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