Ramona Adams
Summit Consulting has received a contract of an undisclosed value to provide financial management services to a federal credit program run by the Treasury Department’s Community Development Financial Institutions Fund.
The analytics advisory firm said Thursday it will collaborate with CoMetrics and Bryant Miller Olive to conduct portfolio monitoring and credit risk management activities for the CDFI Fund’s Bond Guarantee Program.
Summit was awarded a contract in September 2011 to help establish the Treasury’s direct loan program and the new contract award extends the company’s support work at the department for an additional four years.
The CDFI Bond Guarantee Program was established in accordance with the Small Business Jobs Act of 2010 to support to the economic growth of “distressed” communities in the U.S.
