rank-math domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/newjerseylocalne/public_html/wp-includes/functions.php on line 6114rank-math-pro domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/newjerseylocalne/public_html/wp-includes/functions.php on line 6114With the purpose of assisting underrepresented populations, the United States Treasury Department granted more than $22 million to Oregon lenders. (Photos by Getty) )<\/p>\n
In order to assist marginalized populations in Oregon in recovering from the epidemic, the federal government has provided a total of $22.3 million in grants to seven different financial institutions in the state.<\/p>\n
The money, which was announced on Monday, is a portion of the $1.7 billion that will be given away by the United States Treasury to more than 600 institutions across the country as part of a program designed to boost the recovery of low-income and moderate-income communities, which were the communities that were hit the hardest over the past three years.<\/p>\n
Read more<\/strong>:\u00a0After a High-speed Chase Across the 5 Freeway, the Suspect Was Apprehended<\/a><\/p>\n The grants are intended to provide capital and financing for small businesses that do not have access to capital, promote affordable housing, and give families wider access to home loans.<\/p>\n All of these things were compromised during the pandemic and are essential for the growth of the economy, according to the officials.<\/p>\n According to a statement released by the Treasury Department, Vice President Kamala Harris stated that “When we invest in community lenders, we help construct a future where all people \u2014 regardless of who they are or where they start \u2013 have the tools they need not only to succeed but to thrive.”<\/p>\n She stated that it was the greatest investment made on a national scale under the program known as the Community Development Financial Institutions Fund, which was established in 1994.<\/p>\n