Today, Opportunity Fund was awarded a grant of $1.45 million dollars! This grant comes from the CDFI Fund at the U.S. Treasury Department and supports our core operations. It is the largest grant any CDFI received in this latest round of funding, a testament to our track-record over the last many years. This is a very competitive grant, and, clearly, one of great significance to Opportunity Fund and to the clients we work with day in and day out.
The $1.45 million is money that will be used as permanent capital for Opportunity Fund - to support our microlending, microsavings and community real estate investments in pursuit of our mission to advance the economic well-being of working people by helping them earn, save, and invest in their future. This will also serve to strengthen our capital base and puts us in a great position for the growth we have planned!
Details about the award and a full list of winners can be found here. Congratulations to the other winners, as well.
Thank you to everyone in the Opportunity Fund community - our clients, board of directors, donors, and staff - who makes us the strong, well-reputed organization we are, putting us in a position to compete (and win) a grant like this!