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CDFI Equitable Recovery Program is sponsored by Community Development Financial Institutions Fund (CDFI Fund). The CDFI Equitable Recovery Program (CDFI ERP) provides grants to CDFIs to address the disproportionate economic impacts of the COVID-19 pandemic in low- or moderate-income communities and for borrowers with unmet capital and financial services needs.
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**Update April 10, 2023**:U.S. Treasury Awards more than $1. 73 Billion in Response to Economic Impacts Caused by COVID-19 Pandemic Washington, DC – Today, Vice President Kamala Harris and Deputy Secretary of the Treasury Wally Adeyemo announced that the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has awarded over $1.
73 billion in grants to 604 Community Development Financial Institutions (CDFIs) across the country through the CDFI Equitable Recovery Program (CDFI ERP). These funds will strengthen the ability of CDFIs to help low- and moderate-income communities recover from the COVID-19 pandemic and invest in long-term prosperity.
* CDFI Equitable Recovery Program Award Book * View the full list of ERP Award Recipients here * CDFI Fund Releases Application Demand for Equitable Recovery Program * Important Information for Organizations Impacted by Hurricane Fiona * Reminder: Submit Your FY 2022 CDFI ERP Application by September 22, 2022 * CDFI Equitable Recovery Program Supplemental FAQs Webinar * FY 2022 CDFI Equitable Recovery Program Application Deadline Extended * Apply Now for the Brand New CDFI Equitable Recovery Program * CDFI Equitable Recovery Program Pre-Application Webinar now Available!
* Interested in the CDFI Equitable Recovery Program? Get Ready to Apply Today! The Consolidated Appropriations Act, 2021 (Act; Section 523 of Division N; Pub.
L. 116-260) provided $1. 75 billion to the Community Development Financial Institutions Fund (CDFI Fund) to award Community Development Financial Institutions (CDFIs) grants to respond to the economic impacts of the COVID-19 pandemic.
Awards provided to CDFIs are to expand lending, grant making, and investment activity in low- or moderate-income communities and to borrowers, including minorities, that have significant unmet capital or financial service needs and were disproportionately impacted by the COVID-19 pandemic and to enable CDFIs to build organizational capacity and acquire technology, staff and other tools necessary to accomplish the activities under a CDFI ERP Award.
The CDFI Fund will be awarding these funds through its newly established CDFI Equitable Recovery Program (CDFI ERP).
* Equitable Recovery Program Fact Sheet (English) * Equitable Recovery Program Fact Sheet (Spanish) Organizations that have been Certified by the CDFI Fund as CDFIs as of the date of the Notice of Funds Availability (NOFA) publication in the Federal Register, have a track record of serving CDFI ERP Eligible Geographies and meet certain financial management criteria are eligible to apply to the CDFI ERP.
Applicants for the CDFI ERP must be in compliance with all outstanding CDFI awards, allocations, or bond guarantee requirements, as well as meet benchmarks for programmatic/financial safety and soundness.
CDFI ERP is designed to: 1) provide funding to CDFIs to expand lending, grant making and investment activities in low- or moderate-income communities and to borrowers that have significant unmet capital and financial services needs and have experienced disproportionate economic impacts from the COVID-19 pandemic, and 2) enable CDFIs to build organizational capacity and acquire technology, staff, and other tools necessary to accomplish the activities under a CDFI ERP Award.
## INFORMATION FOR FY 2022 AWARD RECIPIENTS * CDFI ERP Assistance Agreement Template * Getting Acquainted with Your FY 2022 Equitable Recovery Program Award Assistance Agreement * CDFI ERP Demographic Data Guidance Update * CDFI ERP Compliance Monitoring Frequently Asked Questions (FAQs)") ## GETTING ACQUAINTED WITH YOUR FY2022 CDFI ERP ASSISTANCE AGREEMENT WEBINARS The CDFI Fund will conduct four webinars to present the FY2022 CDFI Equitable Recovery Program Assistance Agreement.
All webinars will contain the same information. While different dates are suggested for different organization types, CDFI ERP Recipients can attend any of the webinars if they have a conflict with the date for their organization type. The detailed webinar schedule and access information can be found below.
Recipients must attend one of the webinars prior signing their organization's Assistance Agreement. ## FY 2022 APPLICATION PROCESS The Notice of Funds Availability (NOFA), instructions, and supplemental materials for the FY 2022 round of the CDFI Equitable Recovery Program are below. These materials are intended to help you understand how to apply for a CDFI Equitable Recovery Program award.
For those preparing to apply for the ERP, the CDFI Fund provided a pre-application webinar on May 16, 2022. The webinar recording and presentation are available below.
* CDFI Equitable Recovery Program Pre-Application Webinar Recording * CDFI Equitable Recovery Program Pre-Application Webinar Presentation If you have a question about the application process, you can contact the CDFI Fund’s Help Desk by submitting a Service Request through your AMIS account; by e-mail to erp@cdfi. treas. gov or by phone to (202) 653-0421 (please note this is not a toll free number).
## FY 2022 APPLICATION TIMELINE ## FY 2022 APPLICATION WEBINARS The CDFI Fund will conduct three webinars to present the CDFI Equitable Recovery Program Application. View the recordings of the webinars below. Advance registration is not required to participate in the webinars.
Access the webinars by clicking the below links 5 minutes before the webinars begin. Viewing these webinars requires the use of WebEx. To download the WebEx Event Manager, see the instructions on the Verizon'sWebEx Downloads page.
## FY 2022 APPLICATION MATERIALS _The application materials for the CDFI Equitable Recovery Program Application are below. These materials are provided for reference only. _ 1.
CDFI Equitable Recovery Program NOFA 2. Amendment to the CDFI Equitable Recovery Program NOFA 3. CDFI Equitable Recovery Program Application Instructions Updated - September 9, 2022 4.
CDFI Equitable Recovery Program Application Overview 5. CDFI Equitable Recovery Program Application Evaluation Process 6. CDFI Equitable Recovery Program Application Frequently Asked Questions (FAQs) 7.
CDFI Equitable Recovery Program Application Supplemental Frequently Asked Questions (FAQs) Updated - September 9, 2022 8. CDFI ERP AMIS Training Manual 9. CDFI ERP List of Eligible Geographies 10.
CDFI ERP Bulk Address Geocoding AMIS Manual 11. CDFI ERP Application Financial Data Inputs Workbook 12. CDFI ERP Application Tables Workbook 14.
CDFI ERP AMIS Application Demonstration Webinar 15.
CDFI Equitable Recovery Program Supplemental FAQs Webinar Updated - August 30, 2022 ## COMPLIANCE RESOURCES AND REPORTING Completing the CDFI ERP Uses of Award and Performance Progress Reports - Webinar Recording AMIS Training Manual: SF-425 Federal Financial Report AMIS Compliance Training Manual Updated - September 12, 2024 How to Complete a Financial Statement Audit Report in AMIS Lightning How to Submit a Material Event Form – Video Tutorial AMIS Training Manual: Material Event Form Submission Guide Certification of Material Events Form(Informational Purposes Only) Please direct questions related to CDFI ERP to the Help Desk by submitting a Service Request through your AMIS account.
According to the current listing, eligibility includes: CDFIs are eligible. Confirm the full requirements in the official notice before applying.
CDFI Equitable Recovery Program is funded by Community Development Financial Institutions Fund (CDFI Fund). 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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