The United States Department of Treasury is an executive department as well as the official treasury of the United States federal government. The work of the treasury generally involves the process of ensuring and safeguarding the country's economic and financial systems.
CDFI's could be community development banks, community development credit unions, community development venture capital funds, micro-enterprise development loan funds, or community development corporations.
The programs and initiatives of the treasury are greatly influenced by its general agency mission which is to create and sustain a strong economy and generate various economic and job opportunities by way of encouraging the conditions that foster and highlight economic growth and stability, both inside and the country and overseas, strengthening national security by eliminating and appropriately responding to threats, and ultimately, protecting the integrity of the country's financial system while simultaneously managing the government's finances and resources.
One of the prominent programs of the Department of Treasury is the Community Development Financial Institutions Fund, otherwise known as CDFI Fund.
Community Development Financial Institutions are basically financial institutions who possess the ability to provide credit and financial services to underserved industries and communities.
Community Development Financial Institutions
About The Author
Iola Bonggay is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs.
Charlottesville, Virginia resident and sole family breadwinner, Elizabeth James, have always dreamed of opening a tomato sauce manufacturing company. Elizabeth sought help through Kiva City Richmond, an initiative by Kiva.org and Capital One that makes crowdfunded loans available to entrepreneurs in the area who want to start or expand their business.