New Hope Community Capital Awarded $1.8MM from the U.S. Department of Treasury

June 21, 2021

New Hope Community Capital, Inc. (New Hope) is happy to announce that we are among the 863 community development finance institutions (CDFIs) receiving a portion of $1.2BB from the United States Department of Treasury. New Hope has been awarded $1.8MM through the CDFI Rapid Response Program. The awards were announced by Vice President Kamala Harris at the White House with Treasury Secretary Janet L. Yellen.

This award will provide New Hope some of the necessary capital it needs to counter the disproportionate economic impacts of the COVID-19 pandemic, particularly those in underserved communities. “We are proud to be amongst the nation’s most impactful CDFI’s. New Hope is excited to use this award to serve some of the most vulnerable communities in the U.S.”, said Len Clark, Board Chair at New Hope Community Capital.