Minnesota Money Map — Phase 10: The Beneficiary Audit. Phase 10 changes the question from “How much money was available?” to: Who actually received it, through what institution, for what purpose, and did it become an asset, a loan, a service, or an illicit private gain? That produces a much clearer picture. 1. First finding: the federal money is measurable at the institutional level We can now identify several specific federal awards rather than relying on broad estimates. African Development Center — federal CDFI funding The U.S. Treasury's Community Development Financial Institutions Fund records ADC receiving at least these CDFI awards that we have verified: Year Federal program Award 2009 CDFI Financial Assistance $600,000 2010 CDFI Financial Assistance $750,000 2018 CDFI Financial Assistance $700,000 2020 CDFI Financial Assistance $865,000 2024 CDFI Financial Assistance $1,250,000 Verified subtotal $4.165M The Treasury database confirms the historical awards, including the 2...
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