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2024 pilot cycle LOI deadline was April 17, 2024; the cycle has concluded (2024 awardees listed) with no future round announced.
Capacity Building and Growth Grant (CBGG) is sponsored by Federal Home Loan Bank of Dallas. Offers grants and technical expertise to nondepository CDFIs to enhance their capacity for community development.
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Capacity Building and Growth Grant (CBGG) Community and Economic Development Programs Capacity Building and Growth Grant (CBGG) Capacity Building and Growth Grant Helping Community Development Financial Institutions Grow Communities Community Development Financial Institutions (CDFIs) play a critical role in supporting affordable housing, small businesses and community economic development.
They are mission driven financial institutions that provide access to capital and technical assistance to underserved communities. The FHLB Dallas Capacity Building and Growth Grant (CBGG), a one-year pilot program that launched in 2024, was designed to increase nondepository CDFIs’ ability to fulfill their mission by providing grants and technical expertise in specific areas.
The maximum monetary grant for nondepository, member CDFIs was $500,000 and $100,000 for nondepository, nonmember CDFIs.
Funds Provided in 2024: $3,399,287 Million The CBGG program offered two types of grants for qualifying applicants: The Monetary Grant could be used for future operations or technology improvements, leadership or skills development or development of new sources of income The Expertise Grant leveraged FHLB Dallas’ resources and technical expertise to assist with projects or initiatives related to communications or marketing strategy and small-scale automation View a list of the 2024 CBGG Awardees .
Benefits for Your Financial Institution Increase CDFI capacity to make a greater impact on affordable housing, small businesses and community economic development. Expand client base by partnering with nondepository CDFIs to provide access to grant funding and technical assistance. Propel community growth by enhancing the effectiveness of CDFIs to deliver on their mission-related activities.
Capacity Building and Growth Grant Pilot CBGG is available to non-depository CDFIs that are FHLB Dallas members or that are sponsored by an FHLB Dallas member institution in applying for a CBGG grant.
Grant funds may not be used for general operating expenses, litigation, support of existing programs (unless there is a significant change in focus or strategy), conferences, publications, media/audiovisual productions, or financial deficits. CDFI Capacity Building & Growth Grant Discover how to apply for the FHLB Dallas Capacity Building and Growth Grant.
To be eligible for a CBGG grant, CDFIs must be: Located in the FHLB Dallas District of Arkansas, Louisiana, Mississippi, New Mexico or Texas Certified as a CDFI by the U.S. Treasury's CDFI Fund Focused on affordable housing, small businesses or community economic development Able to provide financial statements, audited if available CDFIs that are awarded grants must provide: Certification that the funds were used as described during the application process An impact report of the effectiveness of the grants in achieving the desired outcomes CBGG grants funds must be used for CDFI activities supporting affordable housing, small businesses or community economic development.
Examples of activities that may be funded by monetary grants include: Operating expenses that fund significant changes in strategy or focus Leadership or expertise development Development of new sources for earned income Applicants for expertise grants may receive FHLB Dallas’ staff expertise in the areas of communication and marketing strategy or small-scale automation.
Note: Applications for CBGG funding must be submitted by an eligible FHLB Dallas member financial institution. Applying for a CBGG Grant The 2024 CBGG application process opened on March 5, 2024. Members must submit a letter of inquiry to capacitygrants@fhlb.
com by April 17, 2024. For expertise grants, FHLB Dallas will respond to Letters of Inquiry and send proposal forms to applicants by May 17, 2024.
Formal proposals are due by June 28, 2024, and FHLB Dallas will announce the awards on or around August 15, 2024 For non-monetary grants, FHLB Dallas is conducting interviews with applicants and will announce the awards on May 17, 2024 For more information about the CBGG program, please refer to the materials listed below.
According to the current listing, eligibility includes: Nondepository, member and nonmember CDFIs. Confirm the full requirements in the official notice before applying.
The current listing shows up to $500,000. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Capacity Building and Growth Grant (CBGG) is funded by Federal Home Loan Bank of Dallas. Verify program details on the funder's official page before applying.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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