Nearly $200,000 to Two Institutions in NEPA
PHILADELPHIA, PA – U.S. Senator Bob Casey (D-PA) today announced Community Development Financial Institutions (CDFI) funding for financial institutions in Pennsylvania to help local communities provide access to capital and create jobs.
“I am pleased to announce this funding to help communities across our Commonwealth,” Casey said. “These funds will provide much-needed capital to small business, investments in economically distressed communities and financial services for working families. My top priority is job creation and this funding will help put Pennsylvanians back to on a path to economic recovery.”
“The CDFI technical assistance grant will go a long way towards helping us to identify and respond to the homeownership financing needs of modest-income families in our region,” said Jesse Ergott, Neighborhood Housing Services of Lackawanna County Executive Director. “We truly appreciate Senator Casey’s help in securing these much-needed funds, as many people are currently in need of this type of assistance.”
Neighborhood Housing Services of Lackawanna County received $95,262 and MetroAction Inc. received $100,000. Senator Casey made the announcement today at 30th Street Station in Philadelphia. Pennsylvania received the 3rd largest number of awards and 3rd highest dollar amount in the nation.
The Community Development Financial Institutions (CDFI) Fund is under the United States Department of Treasury. The CDFI Fund's mission is to expand the capacity of financial institutions to provide credit, capital and financial services to underserved populations and communities in the United States.
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