The US Treasury recently created the Emergency Capital Investment Program to encourage low- and moderate-income community financial institutions to augment their efforts to support small businesses and consumers in their communities.
Treasury officials Noel Andrés Poyo, Deputy Assistant Secretary for Community Economic Development, Office of Domestic Finance and Chris Weaver, Director, Office of Community and Economic Development, Treasury will provide a brief overview and answer questions about the Emergency Capital Investment Program (ECIP).
The program will invest up to $9 billion in Minority Depository Institutions (MDIs) and Community Development Financial Institutions (CDFIs) to support low- and moderate-income (LMI) and minority communities. The program is currently accepting applications through May 7, 2021.
