Rst Fund Inc

EIN: 99-51303751265 41ST ST, BROOKLYN, NY 11218-1910

501(c)(3)Tax-deductible (PC)Ruling: 202412NTEE: K35

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Mission

Federal Grants & Awards

Source: USAspending.gov · Searched by organization name

Total Federal Funding

$62.9M

Awards Found

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Awarding Agency	Description	Amount	Fiscal Year	Period	Link
Department of the Treasury	PURPOSE: TO PROVIDE GRANTS TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) FOR THE FOLLOWING PURPOSES 1) TO EXPAND LENDING, GRANT MAKING AND INVESTMENT ACTIVITIES IN LOW OR MODERATE INCOME COMMUNITIES AND TO BORROWERS THAT HAVE HISTORICALLY EXPERIENCED SIGNIFICANT UNMET CAPITAL AND FINANCIAL SERVICES NEEDS AND WERE DISPROPORTIONATELY IMPACTED BY THE COVID 19 PANDEMIC; AND 2) TO ENABLE CDFIS TO BUILD ORGANIZATIONAL CAPACITY AND ACQUIRE TECHNOLOGY, STAFF, AND OTHER TOOLS NECESSARY TO ACCOMPLISH THE ACTIVITIES UNDER A CDFI ERP AWARD. PLANNED ACTIVITIES: ELIGIBLE ACTIVITIES INCLUDE FINANCIAL PRODUCTS, FINANCIAL SERVICES, DEVELOPMENT SERVICES, GRANTS, LOAN LOSS RESERVES AND CAPITAL RESERVES THAT MAY BE USED TO MITIGATE THE IMPACT OF THE COVID 19 PANDEMIC ON UNEMPLOYMENT, CHILDCARE, HEALTHCARE, MENTAL HEALTHCARE, AFFORDABLE HOUSING, AFFORDABLE HOUSING FINANCE, SMALL BUSINESS, SMALL FARMS, BROADBAND INTERNET, AND FOOD SUFFICIENCY. IN ADDITION, TO SUPPORT CDFIS IN BUILDING THEIR CAPACITY TO RESPOND TO THE ECONOMIC IMPACT OF COVID 19, CDFI ERP AWARDS MAY BE USED FOR COMPENSATION PERSONAL SERVICES; COMPENSATION FRINGE BENEFITS; PROFESSIONAL SERVICE COSTS; TRAVEL COSTS; TRAINING AND EDUCATION COSTS; EQUIPMENT; SUPPLIES. END GOALS: EXPANDED FINANCING FOR LOW TO MODERATE INCOME COMMUNITIES AND INDIVIDUALS THAT HAVE HISTORICALLY EXPERIENCED SIGNIFICANT UNMET CAPITAL AND FINANCIAL SERVICES NEEDS AND WERE DISPROPORTIONATELY IMPACTED BY THE COVID 19 PANDEMIC INCLUDING SPECIFIC DESIGNATED COVID IMPACTED CDFI ERP ELIGIBLE GEOGRAPHIES AS AREAS THAT MAY BENEFIT FROM CDFI ERP ASSISTANCE. BENEFICIARIES: CERTIFIED CDFIS WHICH MAY BE FOR PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, AND OTHER PRIVATE INSTITUTION/ORGANIZATION, AS DEFINED IN 12 C.F.R. 1805, AND LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: SPECIFIC ACTIVITIES RELATING TO BROADBAND USAGE ARE NOT KNOWN AT THE TIME OF AWARD. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.	$6.2M	FY2023	Apr 2023 – Jun 2028	Open →
Department of the Treasury	PURPOSE: TO PROVIDE SUPPLEMENTAL FUNDING TO CDFI FA AND NACA FA AWARD RECIPIENTS, FOR THESE CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) TO PROVIDE FINANCING ACTIVITIES TO SUPPORT HEALTHY FOOD RETAIL OUTLETS AND HEALTHY FOOD NON RETAIL OUTLETS, THAT EXPAND THE AVAILABILITY OF HEALTHY FOODS IN UNDERSERVED AREAS. PLANNED ACTIVITIES: HFFI FINANCIAL ASSISTANCE MUST BE USED FOR FINANCIAL PRODUCTS, DEVELOPMENT SERVICES, LOAN LOSS RESERVES, AND CAPITAL RESERVES (REGULATED INSTITUTIONS ONLY), IN THE RECIPIENT’S APPROVED TARGET MARKET. END GOALS: THE GOAL OF THE HFFI FINANCIAL ASSISTANCE IS TO EXPAND THE AVAILABILITY OF HEALTHY FOODS IN UNDERSERVED AREAS, PARTICULARLY THE AVAILABILITY OF HEALTHY FOOD RETAIL OUTLETS IN AREAS DESIGNATED AS LOW INCOME, LOW ACCESS FOOD AREAS. BENEFICIARIES: PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, OTHER PRIVATE INSTITUTION/ORGANIZATION INVESTMENT AREAS AND TARGETED POPULATIONS, AS DEFINED IN 12 C.F.R. 1805. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: NOT APPLICABLE. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.	$4.3M	FY2022	Dec 2021 – Jun 2025	Open →
Department of the Treasury	PURPOSE: TO PROVIDE SUPPLEMENTAL FUNDING TO CDFI-FA AND NACA-FA AWARD RECIPIENTS, FOR THESE CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) TO PROVIDE FINANCING ACTIVITIES TO SUPPORT HEALTHY FOOD RETAIL OUTLETS AND HEALTHY FOOD NON-RETAIL OUTLETS, THAT EXPAND THE AVAILABILITY OF HEALTHY FOODS IN UNDERSERVED AREAS. ACTIVITIES TO BE PERFORMED: HFFI FINANCIAL ASSISTANCE MUST BE USED FOR FINANCIAL PRODUCTS, DEVELOPMENT SERVICES, LOAN LOSS RESERVES, AND CAPITAL RESERVES (REGULATED INSTITUTIONS ONLY), IN THE RECIPIENT’S APPROVED TARGET MARKET. END GOALS: THE GOAL OF THE HFFI FINANCIAL ASSISTANCE IS TO EXPAND THE AVAILABILITY OF HEALTHY FOODS IN UNDERSERVED AREAS, PARTICULARLY THE AVAILABILITY OF HEALTHY FOOD RETAIL OUTLETS IN AREAS DESIGNATED AS LOW-INCOME, LOW-ACCESS FOOD AREAS. BENEFICIARIES: PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, OTHER PRIVATE INSTITUTION/ORGANIZATION. INVESTMENT AREAS AND TARGETED POPULATIONS, AS DEFINED IN 12 C.F.R. 1805. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: NOT APPLICABLE. REASON FOR MODIFICATION: NOT APPLICABLE.	$4M	FY2026	Sep 2026 – Jun 2030	Open →
Department of the Treasury	PURPOSE: TO PROVIDE SUPPLEMENTAL FUNDING TO CDFI FA AND NACA FA AWARD RECIPIENTS, FOR THESE CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) TO PROVIDE FINANCING ACTIVITIES TO SUPPORT HEALTHY FOOD RETAIL OUTLETS AND HEALTHY FOOD NON RETAIL OUTLETS, THAT EXPAND THE AVAILABILITY OF HEALTHY FOODS IN UNDERSERVED AREAS. PLANNED ACTIVITIES: HFFI FINANCIAL ASSISTANCE MUST BE USED FOR FINANCIAL PRODUCTS, DEVELOPMENT SERVICES, LOAN LOSS RESERVES, AND CAPITAL RESERVES (REGULATED INSTITUTIONS ONLY), IN THE RECIPIENT’S APPROVED TARGET MARKET. END GOALS: THE GOAL OF THE HFFI FINANCIAL ASSISTANCE IS TO EXPAND THE AVAILABILITY OF HEALTHY FOODS IN UNDERSERVED AREAS, PARTICULARLY THE AVAILABILITY OF HEALTHY FOOD RETAIL OUTLETS IN AREAS DESIGNATED AS LOW INCOME, LOW ACCESS FOOD AREAS. BENEFICIARIES: PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, OTHER PRIVATE INSTITUTION/ORGANIZATION INVESTMENT AREAS AND TARGETED POPULATIONS, AS DEFINED IN 12 C.F.R. 1805. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: NOT APPLICABLE. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.	$3.8M	FY2024	Sep 2024 – Jun 2028	Open →
Department of the Treasury	PURPOSE: TO PROVIDE SUPPLEMENTAL FUNDING TO CDFI FA AND NACA FA AWARD RECIPIENTS, FOR THESE CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) TO PROVIDE FINANCING ACTIVITIES TO SUPPORT HEALTHY FOOD RETAIL OUTLETS AND HEALTHY FOOD NON RETAIL OUTLETS, THAT EXPAND THE AVAILABILITY OF HEALTHY FOODS IN UNDERSERVED AREAS. PLANNED ACTIVITIES: HFFI FINANCIAL ASSISTANCE MUST BE USED FOR FINANCIAL PRODUCTS, DEVELOPMENT SERVICES, LOAN LOSS RESERVES, AND CAPITAL RESERVES (REGULATED INSTITUTIONS ONLY), IN THE RECIPIENT’S APPROVED TARGET MARKET. END GOALS: THE GOAL OF THE HFFI FINANCIAL ASSISTANCE IS TO EXPAND THE AVAILABILITY OF HEALTHY FOODS IN UNDERSERVED AREAS, PARTICULARLY THE AVAILABILITY OF HEALTHY FOOD RETAIL OUTLETS IN AREAS DESIGNATED AS LOW INCOME, LOW ACCESS FOOD AREAS. BENEFICIARIES: PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, OTHER PRIVATE INSTITUTION/ORGANIZATION INVESTMENT AREAS AND TARGETED POPULATIONS, AS DEFINED IN 12 C.F.R. 1805. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: NOT APPLICABLE. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.	$2M	FY2023	Feb 2023 – Jun 2026	Open →
Department of the Treasury	PURPOSE: TO ATTRACT FINANCING FOR AND INCREASE INVESTMENT IN AFFORDABLE HOUSING FOR PRIMARILY LOW INCOME, VERY LOW INCOME, AND EXTREMELY LOW INCOME PEOPLE AND FOR CERTAIN RELATED ECONOMIC AND COMMUNITY DEVELOPMENT ACTIVITIES. PLANNED ACTIVITIES: THROUGH COMPETITIVE GRANTS, THE CAPITAL MAGNET FUND (CMF) PROVIDES CAPITAL TO FINANCE AND SUPPORT AFFORDABLE HOUSING AND RELATED ECONOMIC DEVELOPMENT. END GOALS: EXPECTED OUTCOMES INCLUDE INCREASED PRIVATE INVESTMENT IN THE ACQUISITION, DEVELOPMENT, REHABILITATION, AND PRESERVATION OF AFFORDABLE RENTAL HOUSING AND HOMEOWNERSHIP. BENEFICIARIES: CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION; PRIVATE NONPROFIT HOUSING ORGANIZATIONS, PUBLIC NONPROFIT INSTITUTION/ORGANIZATION. LOW INCOME, VERY LOW INCOME, AND EXTREMELY LOW INCOME INDIVIDUALS AND FAMILIES AS SET FORTH IN 12 C.F.R. PART 1807, AS AMENDED. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: NOT APPLICABLE. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.	$2M	FY2022	Jun 2022 – Jun 2025	Open →
Department of the Treasury	HEALTHY FOODS FINANCING INITIATIVE AWARD	$2M	—	— – —	Open →
Department of the Treasury	FINANCIAL ASSISTANCE AWARD	$2M	—	— – —	Open →
Department of the Treasury	FINANCIAL ASSISTANCE AWARD	$2M	—	— – —	Open →
Department of the Treasury	HEALTHY FOODS FINANCING INITIATIVE AWARD	$1.9M	FY2020	Sep 2020 – Jun 2024	Open →
Department of the Treasury	CDFI RAPID RESPONSE PROGRAM AWARD	$1.8M	FY2021	Jun 2021 – Jun 2023	Open →
Department of the Treasury	CDFI RAPID RESPONSE PROGRAM AWARD	$1.8M	FY2021	Jun 2021 – Jun 2023	Open →
Department of the Treasury	FINANCIAL ASSISTANCE AWARD	$1.8M	—	— – —	Open →
Department of the Treasury	PURPOSE: TO PROMOTE ECONOMIC REVITALIZATION AND COMMUNITY DEVELOPMENT THROUGH INVESTMENT IN AND FINANCIAL ASSISTANCE TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS). PLANNED ACTIVITIES: FINANCIAL ASSISTANCE MUST BE USED FOR FINANCIAL PRODUCTS, FINANCIAL SERVICES (REGULATED INSTITUTIONS ONLY), DEVELOPMENT SERVICES, LOAN LOSS RESERVES, AND CAPITAL RESERVES (REGULATED INSTITUTIONS ONLY), IN AN ELIGIBLE MARKET OR THE RECIPIENT’S APPROVED TARGET MARKET. END GOALS: THE GOAL OF THE FINANCIAL ASSISTANCE IS FOR CDFIS TO BUILD THEIR FINANCIAL CAPACITY TO LEND TO ELIGIBLE MARKETS AND/OR THEIR TARGET MARKETS, IN ORDER TO SERVE RURAL AND URBAN LOW INCOME PEOPLE, AND COMMUNITIES ACROSS THE NATION THAT LACK ADEQUATE ACCESS TO AFFORDABLE FINANCIAL PRODUCTS AND FINANCIAL SERVICES. BENEFICIARIES: PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, OTHER PRIVATE INSTITUTION/ORGANIZATION INVESTMENT AREAS AND TARGETED POPULATIONS, AS DEFINED IN 12 C.F.R. 1805. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: SPECIFIC ACTIVITIES RELATING TO BROADBAND USAGE ARE NOT KNOWN AT THE TIME OF AWARD. REASON/PURPOSE OF MODIFICATION: THE RIEGLE ACT (P.L. 103 325), THE STATUTE WHICH AUTHORIZES THE CDFI PROGRAM, REQUIRES THAT FINANCIAL ASSISTANCE AWARDS, INCLUDING BASE FINANCIAL ASSISTANCE (BASE FA), DISABILITY FUNDS FINANCIAL ASSISTANCE (DF FA), AND PERSISTENT POVERTY COUNTIES FINANCIAL ASSISTANCE (PPC FA), BE MATCHED WITH FUNDS FROM NON FEDERAL GOVERNMENT SOURCES AND COMPARABLE IN FORM AND VALUE TO THE FA AWARD. MODIFICATIONS WOULD BE REQUIRED IF THERE IS A CHANGE IN THE FORM AND/OR AMOUNT ORIGINALLY OBLIGATED FOR THE AWARD, BASED ON APPROVED MATCHING FUNDS. NOTE: MATCHING FUNDS ARE REQUIRED ONLY FOR ORGANIZATIONS APPLYING AS CATEGORY II/CORE FA APPLICANTS UNDER THE CDFI PROGRAM. MATCHING FUNDS ARE NOT REQUIRED FOR ANY NATIVE CDFI APPLICANTS OR HOUSING PRODUCTION FINANCIAL ASSISTANCE AWARDS (HP FA). ADDITIONALLY, MATCHING FUNDS ARE NOT REQUIRED FOR SMALL AND EMERGING CDFI ASSISTANCE (SECA) FA APPLICANTS AND HEALTHY FOOD FINANCING INITIATIVES (HFFI) FA APPLICANTS, PENDING FINAL FY 2025 APPROPRIATIONS LANGUAGE.	$1.7M	FY2024	Sep 2024 – Jun 2028	Open →
Department of the Treasury	CAPITAL MAGNET FUND AWARD	$1.5M	—	— – —	Open →
Department of the Treasury	CAPITAL MAGNET FUND AWARD	$1.5M	FY2019	Feb 2019 – —	Open →
Department of the Treasury	FINANCIAL ASSISTANCE AWARD	$1.5M	—	— – —	Open →
Department of the Treasury	FINANCIAL ASSISTANCE AWARD	$1.1M	—	— – —	Open →
Department of the Treasury	PURPOSE: TO PROMOTE ECONOMIC REVITALIZATION AND COMMUNITY DEVELOPMENT THROUGH INVESTMENT IN AND FINANCIAL ASSISTANCE TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS). PLANNED ACTIVITIES: FINANCIAL ASSISTANCE MUST BE USED FOR FINANCIAL PRODUCTS, FINANCIAL SERVICES (REGULATED INSTITUTIONS ONLY), DEVELOPMENT SERVICES, LOAN LOSS RESERVES, AND CAPITAL RESERVES (REGULATED INSTITUTIONS ONLY), IN AN ELIGIBLE MARKET OR THE RECIPIENT’S APPROVED TARGET MARKET. END GOALS: THE GOAL OF THE FINANCIAL ASSISTANCE IS FOR CDFIS TO BUILD THEIR FINANCIAL CAPACITY TO LEND TO ELIGIBLE MARKETS AND/OR THEIR TARGET MARKETS, IN ORDER TO SERVE RURAL AND URBAN LOW INCOME PEOPLE, AND COMMUNITIES ACROSS THE NATION THAT LACK ADEQUATE ACCESS TO AFFORDABLE FINANCIAL PRODUCTS AND FINANCIAL SERVICES. BENEFICIARIES: PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, OTHER PRIVATE INSTITUTION/ORGANIZATION INVESTMENT AREAS AND TARGETED POPULATIONS, AS DEFINED IN 12 C.F.R. 1805. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: SPECIFIC ACTIVITIES RELATING TO BROADBAND USAGE ARE NOT KNOWN AT THE TIME OF AWARD. REASON/PURPOSE OF MODIFICATION: THE RIEGLE ACT (P.L. 103 325), THE STATUTE WHICH AUTHORIZES THE CDFI PROGRAM, REQUIRES THAT FINANCIAL ASSISTANCE AWARDS, INCLUDING BASE FINANCIAL ASSISTANCE (BASE FA), DISABILITY FUNDS FINANCIAL ASSISTANCE (DF FA), AND PERSISTENT POVERTY COUNTIES FINANCIAL ASSISTANCE (PPC FA), BE MATCHED WITH FUNDS FROM NON FEDERAL GOVERNMENT SOURCES AND COMPARABLE IN FORM AND VALUE TO THE FA AWARD. MODIFICATIONS WOULD BE REQUIRED IF THERE IS A CHANGE IN THE FORM AND/OR AMOUNT ORIGINALLY OBLIGATED FOR THE AWARD, BASED ON APPROVED MATCHING FUNDS. NOTE: MATCHING FUNDS ARE REQUIRED ONLY FOR ORGANIZATIONS APPLYING AS CATEGORY II/CORE FA APPLICANTS UNDER THE CDFI PROGRAM. MATCHING FUNDS ARE NOT REQUIRED FOR ANY NATIVE CDFI APPLICANTS OR HOUSING PRODUCTION FINANCIAL ASSISTANCE AWARDS (HP FA). ADDITIONALLY, MATCHING FUNDS ARE NOT REQUIRED FOR SMALL AND EMERGING CDFI ASSISTANCE (SECA) FA APPLICANTS AND HEALTHY FOOD FINANCING INITIATIVES (HFFI) FA APPLICANTS, PENDING FINAL FY 2025 APPROPRIATIONS LANGUAGE.	$1.1M	FY2023	Feb 2023 – Jun 2026	Open →
Department of the Treasury	PURPOSE: TO PROMOTE ECONOMIC REVITALIZATION AND COMMUNITY DEVELOPMENT THROUGH INVESTMENT IN AND FINANCIAL ASSISTANCE TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS). ACTIVITIES TO BE PERFORMED: FINANCIAL ASSISTANCE MUST BE USED FOR FINANCIAL PRODUCTS, FINANCIAL SERVICES (REGULATED INSTITUTIONS ONLY), DEVELOPMENT SERVICES, LOAN LOSS RESERVES, AND CAPITAL RESERVES (REGULATED INSTITUTIONS ONLY), IN AN ELIGIBLE MARKET OR THE RECIPIENT’S APPROVED TARGET MARKET. END GOALS: THE GOAL OF THE FINANCIAL ASSISTANCE IS FOR CDFIS TO BUILD THEIR FINANCIAL CAPACITY TO LEND TO ELIGIBLE MARKETS AND/OR THEIR TARGET MARKETS, IN ORDER TO SERVE RURAL AND URBAN LOW-INCOME PEOPLE, AND COMMUNITIES ACROSS THE NATION THAT LACK ADEQUATE ACCESS TO AFFORDABLE FINANCIAL PRODUCTS AND FINANCIAL SERVICES. BENEFICIARIES: PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, OTHER PRIVATE INSTITUTION/ORGANIZATION. INVESTMENT AREAS AND TARGETED POPULATIONS, AS DEFINED IN 12 C.F.R. 1805. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: SPECIFIC ACTIVITIES RELATING TO BROADBAND USAGE ARE NOT KNOWN AT THE TIME OF AWARD. REASON FOR MODIFICATION: THE RIEGLE ACT (P.L. 103-325), THE STATUTE WHICH AUTHORIZES THE CDFI PROGRAM, REQUIRES THAT FINANCIAL ASSISTANCE AWARDS, INCLUDING BASE FINANCIAL ASSISTANCE (BASE-FA), DISABILITY FUNDS-FINANCIAL ASSISTANCE (DF-FA), AND PERSISTENT POVERTY COUNTIES-FINANCIAL ASSISTANCE (PPC-FA), BE MATCHED WITH FUNDS FROM NON-FEDERAL GOVERNMENT SOURCES AND COMPARABLE IN FORM AND VALUE TO THE FA AWARD. MODIFICATIONS WOULD BE REQUIRED IF THERE IS A CHANGE IN THE FORM AND/OR AMOUNT ORIGINALLY OBLIGATED FOR THE AWARD, BASED ON APPROVED MATCHING FUNDS. NOTE: MATCHING FUNDS ARE REQUIRED ONLY FOR ORGANIZATIONS APPLYING AS CATEGORY II/CORE FA APPLICANTS UNDER THE CDFI PROGRAM. MATCHING FUNDS ARE NOT REQUIRED FOR ANY NATIVE CDFI APPLICANTS OR HOUSING PRODUCTION-FINANCIAL ASSISTANCE AWARDS (HP-FA). ADDITIONALLY, MATCHING FUNDS ARE NOT REQUIRED FOR SMALL AND EMERGING CDFI ASSISTANCE (SECA) FA APPLICANTS AND HEALTHY FOOD FINANCING INITIATIVES (HFFI) FA APPLICANTS, PENDING FINAL FY 2025 APPROPRIATIONS LANGUAGE.	$1M	FY2026	Sep 2026 – Jun 2030	Open →
Department of the Treasury	FINANCIAL ASSISTANCE AWARD	$1M	FY2020	Sep 2020 – Jun 2024	Open →
Department of the Treasury	HEALTHY FOODS FINANCING INITIATIVE AWARD	$1M	—	— – —	Open →
Department of the Treasury	FINANCIAL ASSISTANCE AWARD	$1M	—	— – —	Open →
Department of the Treasury	PURPOSE: TO PROMOTE ECONOMIC REVITALIZATION AND COMMUNITY DEVELOPMENT THROUGH INVESTMENT IN AND FINANCIAL ASSISTANCE TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS). PLANNED ACTIVITIES: FINANCIAL ASSISTANCE MUST BE USED FOR FINANCIAL PRODUCTS, FINANCIAL SERVICES (REGULATED INSTITUTIONS ONLY), DEVELOPMENT SERVICES, LOAN LOSS RESERVES, AND CAPITAL RESERVES (REGULATED INSTITUTIONS ONLY), IN AN ELIGIBLE MARKET OR THE RECIPIENT’S APPROVED TARGET MARKET. END GOALS: THE GOAL OF THE FINANCIAL ASSISTANCE IS FOR CDFIS TO BUILD THEIR FINANCIAL CAPACITY TO LEND TO ELIGIBLE MARKETS AND/OR THEIR TARGET MARKETS, IN ORDER TO SERVE RURAL AND URBAN LOW INCOME PEOPLE, AND COMMUNITIES ACROSS THE NATION THAT LACK ADEQUATE ACCESS TO AFFORDABLE FINANCIAL PRODUCTS AND FINANCIAL SERVICES. BENEFICIARIES: PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, OTHER PRIVATE INSTITUTION/ORGANIZATION INVESTMENT AREAS AND TARGETED POPULATIONS, AS DEFINED IN 12 C.F.R. 1805. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: SPECIFIC ACTIVITIES RELATING TO BROADBAND USAGE ARE NOT KNOWN AT THE TIME OF AWARD. REASON/PURPOSE OF MODIFICATION: THE RIEGLE ACT (P.L. 103 325), THE STATUTE WHICH AUTHORIZES THE CDFI PROGRAM, REQUIRES THAT FINANCIAL ASSISTANCE AWARDS, INCLUDING BASE FINANCIAL ASSISTANCE (BASE FA), DISABILITY FUNDS FINANCIAL ASSISTANCE (DF FA), AND PERSISTENT POVERTY COUNTIES FINANCIAL ASSISTANCE (PPC FA), BE MATCHED WITH FUNDS FROM NON FEDERAL GOVERNMENT SOURCES AND COMPARABLE IN FORM AND VALUE TO THE FA AWARD. MODIFICATIONS WOULD BE REQUIRED IF THERE IS A CHANGE IN THE FORM AND/OR AMOUNT ORIGINALLY OBLIGATED FOR THE AWARD, BASED ON APPROVED MATCHING FUNDS. NOTE: MATCHING FUNDS ARE REQUIRED ONLY FOR ORGANIZATIONS APPLYING AS CATEGORY II/CORE FA APPLICANTS UNDER THE CDFI PROGRAM. MATCHING FUNDS ARE NOT REQUIRED FOR ANY NATIVE CDFI APPLICANTS OR HOUSING PRODUCTION FINANCIAL ASSISTANCE AWARDS (HP FA). ADDITIONALLY, MATCHING FUNDS ARE NOT REQUIRED FOR SMALL AND EMERGING CDFI ASSISTANCE (SECA) FA APPLICANTS AND HEALTHY FOOD FINANCING INITIATIVES (HFFI) FA APPLICANTS, PENDING FINAL FY 2025 APPROPRIATIONS LANGUAGE.	$970K	FY2022	Dec 2021 – Jun 2025	Open →
Department of the Treasury	FINANCIAL ASSISTANCE AWARD	$918K	—	— – —	Open →
Department of the Treasury	FINANCIAL ASSISTANCE AWARD	$916.9K	—	— – —	Open →
Department of the Treasury	FINANCIAL ASSISTANCE AWARD	$916.9K	—	— – —	Open →
Department of the Treasury	FINANCIAL ASSISTANCE AWARD	$799K	—	— – —	Open →
Department of the Treasury	FINANCIAL ASSISTANCE AWARD	$750K	—	— – —	Open →
Department of the Treasury	FINANCIAL ASSISTANCE AWARD	$700K	—	— – —	Open →
Small Business Administration	2026 SBA MICRO GRANT TECHNICAL ASSISTANCE	$665.7K	FY2026	Jul 2026 – Jun 2027	Open →
Department of the Treasury	FINANCIAL ASSISTANCE AWARD	$665K	—	— – —	Open →
Small Business Administration	THE SMALL BUSINESS ADMINISTRATION (SBA) MICROLOAN PROGRAM PROVIDES DIRECT LOANS AND GRANTS TO ELIGIBLE NON-PROFIT MICROLENDERS SO THAT THEY MAY PROVIDE MICRO-LEVEL LOANS, AND BUSINESS BASED TRAINING AND TECHNICAL ASSISTANCE TO START- UP, NEWLY ESTABLISHED AND GROWING SMALL BUSINESS CONCERNS.	$577.7K	FY2020	Aug 2020 – Jun 2021	Open →
Small Business Administration	MICROLOAN PROGRAM TECHNICAL ASSISTANCE	$529.6K	FY2018	Jul 2018 – Jun 2019	Open →
Small Business Administration	MICROLOAN PROGRAM - TECHNICAL ASSISTANCE	$524.8K	FY2019	Jul 2019 – Feb 2021	Open →
Small Business Administration	FINANTA, PA THE SMALL BUSINESS ADMINISTRATION (SBA) MICROLOAN PROGRAM PROVIDES DIRECT LOANS AND GRANTS TO ELIGIBLE NON-PROFIT MICROLENDERS SO THAT THEY MAY PROVIDE MICRO-LEVEL LOANS, AND BUSINESS BASED TRAINING AND TECHNICAL ASSISTANCE TO START- UP, NEWLY ESTABLISHED AND GROWING SMALL BUSINESS CONCERNS.	$518.9K	FY2021	Jul 2021 – Jun 2022	Open →
Small Business Administration	THE SMALL BUSINESS ADMINISTRATION (SBA) MICROLOAN PROGRAM PROVIDES DIRECT LOANS AND GRANTS TO ELIGIBLE NON-PROFIT MICROLENDERS SO THAT THEY MAY PROVIDE MICRO-LEVEL LOANS, AND BUSINESS BASED TRAINING AND TECHNICAL ASSISTANCE TO START- UP, NEWLY ESTABLISHED AND GROWING SMALL BUSINESS CONCERNS.	$502.6K	FY2023	Jul 2023 – Jun 2024	Open →
Small Business Administration	MICROLOAN PROGRAM ? TECHNICAL ASSISTANCE	$494.8K	FY2017	Jul 2017 – Jun 2018	Open →
Small Business Administration	MICROLOAN TECHNICAL ASSISTANCE (TA) PROGRAM	$412.4K	FY2022	Jul 2022 – Jun 2023	Open →
Small Business Administration	WOMEN'S BUSINESS OWNERSHIP ASSISTANCE-RENEWAL	$363K	FY2011	Sep 2011 – Sep 2014	Open →
Small Business Administration	COMMUNITY FIRST FUND - PA	$361.5K	FY2025	Jul 2025 – Jun 2026	Open →
Small Business Administration	COMMUNITY FIRST FUND - PA	$269.1K	FY2024	Jul 2024 – Jun 2025	Open →
Small Business Administration	MICROLOAN	$266K	FY2016	Sep 2016 – Sep 2017	Open →
Small Business Administration	MICROLOAN GRANT	$246.8K	FY2013	Jul 2013 – Jun 2014	Open →
Department of the Treasury	PURPOSE: TO PROVIDE AN ALTERNATIVE TO HIGH-COST SMALL DOLLAR LOANS, AS WELL AS HELP UNBANKED AND UNDERBANKED POPULATIONS BUILD CREDIT, ACCESS AFFORDABLE CAPITAL, AND ALLOW GREATER ACCESS INTO THE MAINSTREAM FINANCIAL SYSTEM. ACTIVITIES TO BE PERFORMED: THROUGH THE SDL PROGRAM, THE CDFI FUND WILL PROVIDE: GRANTS FOR LOAN LOSS RESERVES (LLR): THE AWARDS WILL ENABLE A CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) TO ESTABLISH A LOAN LOSS RESERVE FUND IN ORDER TO DEFRAY THE COSTS OF ESTABLISHING OR MAINTAINING A SMALL DOLLAR LOAN PROGRAM. GRANTS FOR TECHNICAL ASSISTANCE (TA): THE AWARDS WILL SUPPORT TECHNOLOGY, STAFF SUPPORT, AND OTHER ELIGIBLE ACTIVITIES TO ENABLE A CERTIFIED CDFI TO ESTABLISH AND MAINTAIN A SMALL DOLLAR LOAN PROGRAM. END GOAL/EXPECTED OUTCOMES: EXPECTED OUTCOMES ARE AN INCREASE IN SMALL DOLLAR LENDING TO HELP UNBANKED AND UNDERBANKED POPULATIONS BUILD CREDIT, ACCESS AFFORDABLE CAPITAL, AND ALLOW GREATER ACCESS INTO THE MAINSTREAM FINANCIAL SYSTEM. INTENDED BENEFICIARIES: NONPROFIT ORGANIZATIONS, FOR PROFIT ORGANIZATIONS AND OTHER PRIVATE INSTITUTIONS/ORGANIZATIONS IN THE FORM OF FEDERALLY INSURED DEPOSITORY INSTITUTIONS, OR FEDERALLY-INSURED CREDIT UNIONS THAT ARE CERTIFIED CDFIS. SUBRECIPIENT ACTIVITIES: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM.	$235.8K	FY2021	Sep 2021 – Jun 2025	Open →
Small Business Administration	MICROLOAN TECHNICAL ASSISTANCE PROGRAM	$219.8K	FY2014	Jul 2014 – Jun 2015	Open →
Small Business Administration	MICROLOAN PROGRAM ARRA	$206.9K	FY2010	Jan 2010 – Oct 2010	Open →
Small Business Administration	MICRO LOAN	$195.6K	FY2015	Aug 2015 – Jun 2016	Open →
Small Business Administration	MICROLOANS	$166.9K	FY2012	Jul 2012 – Jun 2013	Open →
Small Business Administration	PROGRAM FOR INVESTMENT IN MICROENTREPRENEURS ACT OF 1999	$150K	FY2015	Sep 2015 – Sep 2016	Open →
Small Business Administration	MICROLOAN PROGRAM	$143K	FY2009	Jan 2009 – Dec 2009	Open →
Small Business Administration	PROGRAM FOR INVESTMENT IN MICROENTREPRENEURS - PRIME	$126.4K	FY2018	Sep 2018 – Sep 2019	Open →
Small Business Administration	WOMEN S BUSINESS OWNERSHIP ASSISTANCE (RENEWAL)	$125.9K	FY2014	Sep 2014 – Sep 2017	Open →
Small Business Administration	SBA MICROLOAN TECHNICAL ASSISTANCE	$125.2K	FY2011	Jul 2011 – Jun 2012	Open →
Small Business Administration	MICROLOAN	$120K	FY2013	Jul 2013 – Jun 2014	Open →
Small Business Administration	WOMEN'S BUSINESS OWNERSHIP ASSISTANCE	$119.9K	FY2010	Sep 2010 – Sep 2011	Open →
Small Business Administration	MICROLENDING AND TECHNICAL ASSISTANCE FOR SMALL BUSINESS DEVELOPMENT	$100K	FY2020	Sep 2020 – Sep 2021	Open →
Department of Agriculture	SEC. 6022 RMAP-RURAL MICRO DEVELOP ORGANIZATIONS GRANTS (DISC)	$100K	FY2010	Sep 2010 – Sep 2012	Open →
Small Business Administration	THE SMALL BUSINESS ADMINISTRATION (SBA) MICROLOAN PROGRAM PROVIDES DIRECT LOANS AND GRANTS TO ELIGIBLE NON-PROFIT MICROLENDERS SO THAT THEY MAY PROVIDE MICRO-LEVEL LOANS, AND BUSINESS BASED TRAINING AND TECHNICAL ASSISTANCE TO START- UP, NEWLY ESTABLISHED AND GROWING SMALL BUSINESS CONCERNS	$87.6K	FY2021	Jul 2021 – Jun 2022	Open →
Department of the Treasury	TECHNICAL ASSISTANCE AWARD	$85.7K	—	— – —	Open →
Small Business Administration	MICROLOAN TECHNICAL ASSISTANCE AWARD	$69.6K	FY2014	Jul 2014 – Jun 2015	Open →
Small Business Administration	MICROLOAN	$64.1K	FY2012	Jul 2012 – Jun 2013	Open →
Small Business Administration	THE SMALL BUSINESS ADMINISTRATION (SBA) MICROLOAN PROGRAM PROVIDES DIRECT LOANS AND GRANTS TO ELIGIBLE NON-PROFIT MICROLENDERS SO THAT THEY MAY PROVIDE MICRO-LEVEL LOANS, AND BUSINESS BASED TRAINING AND TECHNICAL ASSISTANCE TO START- UP, NEWLY ESTABLISHED AND GROWING SMALL BUSINESS CONCERNS.	$47.9K	FY2020	Aug 2020 – Jun 2021	Open →
Small Business Administration	MICROLOAN PROGRAM TA GRANT	$36.7K	FY2015	Aug 2015 – Jun 2016	Open →
Small Business Administration	MICROLOAN PROGRAM TECHNICAL ASSISTANCE	$33.1K	FY2018	Jul 2018 – Jun 2019	Open →
Small Business Administration	MICROLOAN	$27.6K	FY2017	Jul 2017 – Jun 2018	Open →
Corporation for National and Community Service	VISTA RECOVERY SUPPORT GRANTS	$26K	FY2009	Aug 2009 – Aug 2010	Open →
Small Business Administration	MICROLOAN - COMMUNITY FIRST FUND - PA TO PROVIDE TECHNICAL ASSISTANCE AND TRAINING TO LOAN BORROWERS.	$15.4K	FY2019	Jul 2019 – Jun 2020	Open →
Small Business Administration	MICROLOAN	-$36.5K	FY2016	Jul 2016 – Jun 2017	Open →

Department of the Treasury

$6.2M

PURPOSE: TO PROVIDE GRANTS TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) FOR THE FOLLOWING PURPOSES 1) TO EXPAND LENDING, GRANT MAKING AND INVESTMENT ACTIVITIES IN LOW OR MODERATE INCOME COMMUNITIES AND TO BORROWERS THAT HAVE HISTORICALLY EXPERIENCED SIGNIFICANT UNMET CAPITAL AND FINANCIAL SERVICES NEEDS AND WERE DISPROPORTIONATELY IMPACTED BY THE COVID 19 PANDEMIC; AND 2) TO ENABLE CDFIS TO BUILD ORGANIZATIONAL CAPACITY AND ACQUIRE TECHNOLOGY, STAFF, AND OTHER TOOLS NECESSARY TO ACCOMPLISH THE ACTIVITIES UNDER A CDFI ERP AWARD. PLANNED ACTIVITIES: ELIGIBLE ACTIVITIES INCLUDE FINANCIAL PRODUCTS, FINANCIAL SERVICES, DEVELOPMENT SERVICES, GRANTS, LOAN LOSS RESERVES AND CAPITAL RESERVES THAT MAY BE USED TO MITIGATE THE IMPACT OF THE COVID 19 PANDEMIC ON UNEMPLOYMENT, CHILDCARE, HEALTHCARE, MENTAL HEALTHCARE, AFFORDABLE HOUSING, AFFORDABLE HOUSING FINANCE, SMALL BUSINESS, SMALL FARMS, BROADBAND INTERNET, AND FOOD SUFFICIENCY. IN ADDITION, TO SUPPORT CDFIS IN BUILDING THEIR CAPACITY TO RESPOND TO THE ECONOMIC IMPACT OF COVID 19, CDFI ERP AWARDS MAY BE USED FOR COMPENSATION PERSONAL SERVICES; COMPENSATION FRINGE BENEFITS; PROFESSIONAL SERVICE COSTS; TRAVEL COSTS; TRAINING AND EDUCATION COSTS; EQUIPMENT; SUPPLIES. END GOALS: EXPANDED FINANCING FOR LOW TO MODERATE INCOME COMMUNITIES AND INDIVIDUALS THAT HAVE HISTORICALLY EXPERIENCED SIGNIFICANT UNMET CAPITAL AND FINANCIAL SERVICES NEEDS AND WERE DISPROPORTIONATELY IMPACTED BY THE COVID 19 PANDEMIC INCLUDING SPECIFIC DESIGNATED COVID IMPACTED CDFI ERP ELIGIBLE GEOGRAPHIES AS AREAS THAT MAY BENEFIT FROM CDFI ERP ASSISTANCE. BENEFICIARIES: CERTIFIED CDFIS WHICH MAY BE FOR PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, AND OTHER PRIVATE INSTITUTION/ORGANIZATION, AS DEFINED IN 12 C.F.R. 1805, AND LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: SPECIFIC ACTIVITIES RELATING TO BROADBAND USAGE ARE NOT KNOWN AT THE TIME OF AWARD. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.

FY2023Apr 2023 – Jun 2028

Rst Fund Inc

Mission

Federal Grants & Awards

Federal Audit Findings

Leadership & Compensation

Tax-Exempt Status

990 Filings

This organization likely files Form 990-N (e-Postcard)