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Community Development Financial Institutions Program is sponsored by U.S. Department of the Treasury, Community Development Financial Institutions Fund (CDFI Fund). The CDFI Fund promotes economic revitalization and community development in low-income communities by investing in and assisting mission-driven lenders known as Community Development Financial Institutions (CDFIs) and other community development organizations.
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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: Mission-driven lenders known as Community Development Financial Institutions (CDFIs) and other community development organizations. Confirm the full requirements in the official notice before applying.
Community Development Financial Institutions Program is funded by U.S. Department of the Treasury, 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.
Native American CDFI Assistance (NACA) Program is sponsored by U.S. Department of the Treasury, Community Development Financial Institutions Fund (CDFI Fund). The Native American CDFI Assistance (NACA) Program encourages investing in Native Communities by supporting the creation and expansion of Native CDFIs, which in turn help to create jobs, establish or improve affordable housing, and provide appropriate financial services and coun…
Native Initiatives (Native American CDFI Assistance (NACA) Program) is sponsored by U.S. Department of the Treasury, Community Development Financial Institutions Fund (CDFI Fund). The Native Initiatives program provides awards, training, and technical assistance to CDFIs serving Native Communities, including Native Hawaiian communities. The goal is to create jobs, build businesses, and foster economic self-determination.
CDFIs Equitable Recovery Program (CDFI ERP) is sponsored by U.S. Department of the Treasury, Community Development Financial Institutions Fund (CDFI Fund). The CDFI ERP provides grants to CDFIs to respond to disproportionate economic impacts of the COVID-19 pandemic in low- or moderate-income communities and to borrowers with unmet capital and financial services needs.
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