Federal grants to Community Loan Fund of New Jersey Inc
Community Loan Fund of New Jersey Inc in New Brunswick, New Jersey received $14.0 million in federal grants from fiscal 2021 to 2025, across 6 awards. Its largest program was Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP), with $5.0 million. It had no new grant money in fiscal 2025.
From USAspending.gov award records, updated November 7, 2026.
- Grants, FY 2021 to 2025$14.0 million
- Awards6
- Awarded in FY 2025$0
- Largest award$5.0 million
By year
| Fiscal year | Awards | Amount |
|---|---|---|
| FY 2021 | 1 | $1.8 million |
| FY 2022 | 1 | $4.9 million |
| FY 2023 | 2 | $5.8 million |
| FY 2024 | 2 | $1.5 million |
| FY 2025 | 0 | $0 |
Programs that fund Community Loan Fund of New Jersey Inc
| Program | Awards | Amount |
|---|---|---|
| Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) | 1 | $5.0 million |
| Capital Magnet Fund | 1 | $4.9 million |
| Community Development Financial Institutions Rapid Response Program (CDFI RRP) | 1 | $1.8 million |
| Economic Development Initiative, Community Project Funding, and Miscellaneous grants | 2 | $1.5 million |
| Community Development Financial Institutions Program | 1 | $800,000 |
Awarding agencies
| Agency | Awards | Amount |
|---|---|---|
| Department of the Treasury | 4 | $12.5 million |
| Department of Housing and Urban Development | 2 | $1.5 million |
Largest awards
| Award | Program | First action | Amount |
|---|---|---|---|
| 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 | Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) | April 10, 2023 | $5.0 million |
| 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 (c | Capital Magnet Fund | June 22, 2022 | $4.9 million |
| Cdfi rapid response program award | Community Development Financial Institutions Rapid Response Program (CDFI RRP) | June 15, 2021 | $1.8 million |
| Economic development initiative, community project funding, and miscellaneous grants | Economic Development Initiative, Community Project Funding, and Miscellaneous grants | August 4, 2023 | $800,000 |
| 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) | Community Development Financial Institutions Program | September 26, 2024 | $800,000 |
| Purpose: economic development initiative, community project funding/congressional directed spending awards are authorized under the consolidated appropriations act, 2022 public law 117-328 and the explanatory statement for division l of that act. Projects selected for community project funding/congr | Economic Development Initiative, Community Project Funding, and Miscellaneous grants | August 20, 2024 | $700,000 |
Questions people ask
How much federal grant money does Community Loan Fund of New Jersey Inc get?
$14.0 million in 6 grant awards from fiscal 2021 to 2025, as obligations reported to USAspending.gov.
Which agency gives Community Loan Fund of New Jersey Inc the most?
The Department of the Treasury, with $12.5 million in 4 awards. The Department of Housing and Urban Development follow.
What is Community Loan Fund of New Jersey Inc's largest federal grant?
$5.0 million under Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP), with its first action in the period on April 10, 2023. That counts only the money obligated in fiscal 2021 to 2025.
Which federal programs fund Community Loan Fund of New Jersey Inc?
Its largest are Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP), Capital Magnet Fund and Community Development Financial Institutions Rapid Response Program (CDFI RRP).
Other grant recipients in New Brunswick
- Rutgers, the State University
- County of Middlesex
- New Brunswick Housing Authority
- Middlesex County Comptroller
- City of New Brunswick
- Rutgers, the State University of New Jersey
- Rutgers, the State University
- Hyacinth AIDS Foundation Inc
Largest federal grant recipients in New Jersey · Federal grants in New Jersey