Inclusiv's Racial Equity Grant Fund: App. Deadline is May 31

Inclusiv's Racial Equity Grant Fund

Inclusiv’s 2022 Racial Equity Grant Fund (previously known as the Inclusiv Resilience Fund) was established to advance racial equity and build a more inclusive economy through credit unions that lead-by and serve communities of color.

The California and Nevada Credit Union Leagues are encouraging any Minority Depository Institutions (MDIs) located in either state, and under $50 million in assets, to apply.

The deadline to apply is May 31. Details can be found here.

In January 2021, as part of a COVID-19 Emergency Relief Package, $12 billion in federal funding was dedicated for Community Development Financial Institutions (CDFI) and MDIs ensuring resources will be directed to some of the communities hardest hit by the pandemic.

Further, Inclusiv launched a $20 million Racial Equity Investment Fund deploying secondary capital investments to expand economic relief and financial inclusion for credit unions that serve communities of color.

Inclusiv is now working to ensure MDIs and cooperativas can take advantage of these expanded sources of funding and investment. As a result, Inclusiv is continuing to dedicate the 2022 Racial Equity Grant Fund round to support credit unions planning to pursue CDFI grants to grow their institutions and services to their communities, as well as credit unions interested in developing or expanding mortgage programs.

Funding for Inclusiv’s 2022 Racial Equity Grant Fund cycle has been made possible by NerdWallet.

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