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Find similar grantsCommunity Development Financial Institutions (CDFI) Fund Programs is sponsored by CDFI Fund. The CDFI Fund offers financial support to certified lenders serving low-income communities, with various program areas including Native initiatives and the Capital Housing Fund, delivering affordable housing and supporting economic growth in disadvantaged areas.
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Access to affordable financial products and services is a staple of economically vibrant communities. Yet at least one quarter of American households do not have a bank account or rely on costly payday lenders and check-cashing outlets. Additionally, many small businesses and critical community development projects lack access to the capital investment necessary to spark economic growth in their communities.
The Community Development Financial Institutions Program (CDFI Program) actively works to address these issues by investing federal resources—which are matched with private funding—in CDFIs working to serve low-income and underserved people and communities. The CDFI Program offers both**Financial Assistance**and**Technical Assistance awards**to CDFIs.
These competitive awards support and enhance the ability of these organizations to meet the needs of the communities they serve. **Financial Assistance awards**are made in the form of loans, grants, equity investments, deposits, and credit union shares, which CDFIs are required to match dollar-for-dollar with non-federal funds.
This requirement enables CDFIs to multiply the impact of federal investment to meet the demand for affordable financial products in economically distressed communities. **Technical Assistance grants**are offered to CDFIs and Certifiable CDFIs (see eligibility below) to build their organizational capacity.
Both Financial and Technical Assistance awards empower CDFIs to grow, achieve organizational sustainability, and contribute to the revitalization of the communities they serve. **Healthy Food Financing Initiative - Financial Assistance awards**are also offered for CDFIs that are interested in expanding their healthy food financing activities.
For more information, please see our**CDFI Program Fact Sheet**(English/Español) and our**Healthy Food Financing Initiative Fact Sheet**(English/Español). To be eligible to apply for a Financial Assistance award, your organization must be a Certified CDFI. The CDFI Fund also offers supplemental awards through the Healthy Food Financing Initiative.
CDFIs that are selected to receive a Financial Assistance award may also receive a Healthy Food Financing Initiative award to expand their healthy food financing activities. Certified and Emerging CDFIs are eligible to apply for Technical Assistance awards. However, Emerging CDFIs must demonstrate that they have the ability to become a Certified CDFI within three years of receiving a Technical Assistance grant.
For more detailed information, please refer to the Notice of Funds Availability (NOFA) and visit theCDFI Certification Application Process page.
According to the current listing, eligibility includes: Certified lenders serving low-income communities. Confirm the full requirements in the official notice before applying.
Community Development Financial Institutions (CDFI) Fund Programs is funded by 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.
Lowe's Hometowns Grant Program is sponsored by Lowe's. This program aims to restore and revitalize community spaces across the country through physical renovations. Consumers can nominate a community space in their hometown, such as a neighborhood garden, park, or community center. While broad, it can apply to infrastructure improvements within a community context.
CFNF Helping Today, Shaping Tomorrow Grant is a grant from the Community Foundation of North Florida that funds nonprofits addressing pressing challenges with programs and services of lasting impact in Florida's Big Bend region. Each year, CFNF awards ten grants of $5,000 each to eligible organizations. A separate Arts Nonprofit Grant Cycle awards five grants of $6,000 each for arts organizations in the same region. Eligible applicants must be 501(c)(3) organizations serving one or more of eleven counties including Leon, Gadsden, Jefferson, and Wakulla, with at least two years of operating history in the region. Applications for the Helping Today, Shaping Tomorrow cycle close September 30.