Federal grants to First Independence Bank
First Independence Bank in Detroit, Michigan received $2.0 million in federal grants from fiscal 2021 to 2025, across 2 awards. Its largest program was Community Development Financial Institutions Rapid Response Program (CDFI RRP), with $1.8 million. It had no new grant money in fiscal 2025.
From USAspending.gov award records, updated October 31, 2026.
- Grants, FY 2021 to 2025$2.0 million
- Awards2
- Awarded in FY 2025$0
- Largest award$1.8 million
By year
| Fiscal year | Awards | Amount |
|---|---|---|
| FY 2021 | 1 | $1.8 million |
| FY 2022 | 1 | $170,699 |
| FY 2023 | 0 | $0 |
| FY 2024 | 0 | $0 |
| FY 2025 | 0 | $0 |
Programs that fund First Independence Bank
| Program | Awards | Amount |
|---|---|---|
| Community Development Financial Institutions Rapid Response Program (CDFI RRP) | 1 | $1.8 million |
| Bank Enterprise Award Program | 1 | $170,699 |
Awarding agencies
| Agency | Awards | Amount |
|---|---|---|
| Department of the Treasury | 2 | $2.0 million |
Largest awards
| Award | Program | First action | Amount |
|---|---|---|---|
| Cdfi rapid response program award | Community Development Financial Institutions Rapid Response Program (CDFI RRP) | June 15, 2021 | $1.8 million |
| Purpose: the bank enterprise award program (bea program) provides monetary awards to fdic insured depository institutions (i.e., banks and thrifts) that demonstrate increases in their (i) investments and support to certified community development financial institutions (CDFIS), or (II) lending, inve | Bank Enterprise Award Program | April 6, 2022 | $170,699 |
Questions people ask
How much federal grant money does First Independence Bank get?
$2.0 million in 2 grant awards from fiscal 2021 to 2025, as obligations reported to USAspending.gov.
Which agency gives First Independence Bank the most?
The Department of the Treasury, with $2.0 million in 2 awards.
What is First Independence Bank's largest federal grant?
$1.8 million under Community Development Financial Institutions Rapid Response Program (CDFI RRP), with its first action in the period on June 15, 2021. That counts only the money obligated in fiscal 2021 to 2025.
Which federal programs fund First Independence Bank?
Its largest are Community Development Financial Institutions Rapid Response Program (CDFI RRP) and Bank Enterprise Award Program.
Other grant recipients in Detroit
- City of Detroit
- Wayne State University
- Wayne County Airport Authority
- City of Detroit
- Suburban Mobility Authority for Regional Transportation
- Matrix Human Services
- Detroit Housing Commission
- Wayne Metropolitan Community Action Agency
Largest federal grant recipients in Michigan · Federal grants in Michigan