The Washington State Department of Commerce is initiating a Request for Proposals (RFP) for the Black, Latine, and tribal-led lending agency support program.
Donor Name: Washington State Department of Commerce
State: Washington
County: All Counties
Type of Grant: Program
Deadline: 06/01/2024
Size of the Grant: More than $1 million
Grant Duration: 1 Year
Details:
The program aims to support existing and emerging Black, Latine and tribal-led lenders by providing grants for lending capital, as well as capital for operations and salaries.
Objectives and Scope of Work
As part of these investments, COMMERCE is initiating this Request for Proposals (RFP) to solicit Proposals from those qualified and interested in participating in Black, Latine, and Tribal-Led Lending Agency Support Program that aims to support existing and emerging Black, Latine, and Tribal-Led lenders who are or are not currently Community Development Financial Institutions (CDFI’s), by providing grants for lending capital as well as capital for operations and salaries.
Funding Information
COMMERCE has budgeted an amount not to exceed $14,550,000 for this project.
Grant Period
July 1, 2024 – June 30, 2025.
Minimum Qualifications
Minimum qualifications include:
- Tribal government or Tribal-led community based organizations; OR
- Licensed to do business in the State of Washington, or submit a statement of commitment that it will become licensed in Washington within thirty (30) calendar days of being selected as the Apparent Successful Contractor (exception: Tribes); AND
- Be registered as a Community Reinvestment Project (CRP) verified by-and-for organization, or be contractually partnered with a CRP-verified by-and-for organization to deliver the Objectives and Scope of Work identified in this NOFA.
For more information, visit WSDC.
