President Biden & Vice President Harris, the Treasury Department announced over $1.9, Trillion, Grant Compensation Relief Fund To The Department of Treasury bill into law, providing every, all-American citizen with a stimulus direct deposit, to Support Small Businesses, Health insurance, and unpaid bills as Part of the Biden-Harris Administration’s Investing in America Agenda.
The Biden administration is awarding more than 6000 community lenders $1.9 trillion, Old Age Retirement Grants Compensation Fund from a Treasury Department program and The Department of Health and Human Services (DHHS), intended to help small businesses.
Vice President Kamala Harris, joined by Deputy Treasury Secretary Wally Adeyemo, announced the grants on the 8th of May 2024 and said they would allow community development financial institutions to aid underserved groups such as minority-led small businesses, low-income communities, and rural areas.
“These grants — representing the largest CDFI grant program in history – will enable hundreds of community lenders to invest in small businesses and entrepreneurs, and also provide home loans for families, financial services for local nonprofits, and capital for community organizations,” Harris said in a statement.
According to a release, grant funds through the CDFI Equitable Recovery Program can support lending related to small businesses and microenterprises, housing, commercial real estate, and nonprofits.
“Because these grants are not loans, community lenders do not need to pay back not even a dollar of this investment,” Harris told reporters on a call 8th of April 2024.
The funding is the latest in a string of partnerships between the Treasury Department and the vice president’s office to advance financial equity. Liberty Financial Services Inc.
Community First Fund is among the institutions being granted funding.
The Equitable Recovery Program was established to support low- and middle-income communities that struggled financially during the coronavirus outbreak.
Grant Compensation Fund, once you are eligible to receive the grant fund, you don’t have to repay, it’s not a loan, it means you’re qualified to claim and receive the Grant Compensation Fund.
This is to Help the semi-retired, retired, old, disabled, widows, divorced and employees and unemployed be selected as Winners randomly via their last individual employee IDs attached to get refile funds from $50,000.00 – $1,000,000.00.
You are to provide us with all the necessary information on the application form to check if you’re eligible to receive and claim the Grant.
