U.S. Treasury Provides $325 Million in Bond Guarantees for Investment in Underserved Communities
August 20, 2014
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Washington, DC – The U.S. Treasury Department today announced that it has guaranteed $325 million in new bonds to help support economic development opportunities in low-income and underserved communities across the country. The funding, provided through the Community Development Financial Institutions (CDFI) Bond Guarantee Program, is designed to help CDFIs fill a financing gap in underserved areas by providing long-term, fixed rate capital.