Congratulations to the 47 Sones & White clients receiving awards in the U.S. Department of the Treasury’s CDFI Equitable Recovery Program (ERP). Sones & White clients were awarded $196.8 million to respond to the economic effects of the COVID-19 pandemic.
The CDFI ERP is a one-time COVID-19 relief program designed to provide funding to certified CDFIs, enabling them to expand lending, grant making, and investment activities in low- to moderate-income communities. The funding seeks to address the challenges of borrowers with significant unmet capital and financial services needs that have experienced disproportionate economic impacts from the COVID-19 pandemic.
Please contact us if you would like Sones & White Consulting to perform a CDFI Certification Assessment for your bank.