Arlington, VA (November 25, 2024) - Rochdale Capital, a community development loan fund whose mission is to promote cooperative and community ownership; advance equity, diversity, and inclusion; and provides capital access in under-resourced communities, has been awarded a Technical Assistance (TA) Grant from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund.
The CDFI Fund’s Technical Assistance Grants are designed to support mission-driven financial institutions in building their organizational capacity, enhancing their operations, and increasing their ability to serve their communities. The grant will enable Rochdale Capital to strengthen its operations, improve its financial resources, and expand its impact in under-resourced communities, specifically communities of color.
“We are honored to receive our first-ever grant from the CDFI Fund,” stated John Holdsclaw IV, President & CEO of Rochdale Capital. “The TA grant will allow our organization to build upon our foundation of promoting ownership and providing equitable access to capital that creates vibrant communities.” Rochdale was one of 256 organizations that received $76.32 million in Technical Assistance (TA) Awards.