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Community Development is sponsored by Wells Fargo. Wells Fargo provides financial support to eligible organizations that promote the improvement of low- and moderate-income communities.
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Commercial Real Estate: Community Development Financial Institutions Community Development Financial Institutions Diverse Community Capital Building the capacity of CDFIs to support small businesses You are leaving the Wells Fargo website Diverse Community Capital The 2020 submission period is now closed. Continue to monitor this site, as well as other industry networks, for program updates. Capacity Building grants.
The purpose of this grant funding is to build CDFI capacity (capital, resources, and knowledge) with flexible grant capital to increase and strengthen lending and technical assistance offerings to diverse small businesses. Activator grants. The purpose of this grant funding is to support CDFIs working on and ready to make active or implement or expand a strategy with the potential for industry or market replication.
Social Capital. All awardees will be offered Social Capital activities through Opportunity Finance Network (OFN). Social Capital may include mentorship programs, an online learning community, and other collaborative efforts.
Congratulations to our DCC program recipients. See our full list of awardees below, and read OFN’s CDFI awardee spotlight series that highlight an innovative program or service they’ve provided.
Black Business Investment Fund Florida (BBIF) (Orlando, FL) Hope Enterprise Corporate (Jackson, MS) Main Street Launch (Oakland, CA) Access to Capital for Entrepreneurs, Inc. (ACE) (Atlanta, GA) Ascent Funding (Portland, OR) Bridgeway Capital Inc. (Pittsburgh, PA) Carolina Small Business Development Fund (Raleigh, NC) Community Investment Corporation (CIC) (Chicago, IL) CommunityWorks (Greenville, SC) ECDC Enterprise Development Group (Arlington, VA) Forward Community Investments, Inc. (Madison, WI) Metropolitan Economic Development Association (Meda) (Minneapolis, MN) Montana & Idaho CDC (Missoula, MT) Natural Capital Investment Fund, Inc. (NCIF) (Shepherdstown, WV) Pacific Community Ventures (Oakland, CA) Pathway Lending (Nashville, TN) WWBIC, The Wisconsin Women's Business Initiative Corporation (Milwaukee, WI) Accion serving Arizona, Colorado, Nevada, New Mexico, and Texas (Albuquerque, NM) California FarmLink (Aptos, CA) Community First Fund (Lancaster, PA) Four Bands Community Fund (Eagle Butte, SD) Justine PETERSEN (St.
Louis, MO) Northwest Native Development Fund (Nespelem, WA) PIDC Regional Development Corporation (Philadelphia, PA) Self-Help Ventures Fund (Durham, NC) Tampa Bay Black Business Investment Fund (Tampa, FL) WomenVenture (Minneapolis, MN) Accion Chicago (Chicago, IL) Accion serving Imperial, Riverside, San Bernardino and San Diego counties (CA) African Development Center (ADC) (Minneapolis, MN) Business Center for New Americans (New York, NY) Coastal Enterprises Inc. (Brunswick, ME) Latino Economic Development Center LEDC (DC & Baltimore, MD) Local Enterprise Assistance Fund LEAF (Brookline, MA) Micro Enterprise Services of Oregon MESO (Portland, OR) Nebraska Enterprise Fund (Oakland, NE) Northern Initiatives (Marquette, MI) Opportunity Fund (San Jose, San Francisco, Los Angeles, CA) PathStone Enterprise Center (Rochester, NY) Prestamos CDFI, a subsidiary of Chicanos Por La Causa (Phoenix, AZ) Working Solutions (San Francisco Bay Area, CA) Accion East (New York, NY) AmPac Tri-State CDC (Grand Terrace, CA) Cooperative Business Assistance Corporation (CBAC) (Camden, NJ) Economic and Community Development Institute (EDCI) (Columbus, OH) Initiative Foundation (St.
Cloud, MN) LiftFund (San Antonio, TX) Pacific Coast Regional Small Business Development Corporation (Los Angeles, CA) San Diego Region Small Business CDC (San Diego, CA) South Carolina Community Loan Fund (Charleston, SC) Southern Bancorp Community Partners (Little Rock, AR) BOC Capital Corp. (Brooklyn, NY) California Capital Financial Development Corporation (Sacramento, CA) Cooperative Development Fund of CDS for Shared Capital’s Cooperative Equity Initiative (St.
Paul, MN) Cooperative Fund of New England (serving New England) Entrepreneur Fund (Duluth, MN) First American Capital Corporation (West Allis, WI) Hartford Community Loan Fund (Hartford, CT) Local Initiatives Support Corporation (serving Los Angeles, CA) Mission Economic Development Agency (MEDA) (San Francisco, CA) Mountain BizWorks (Asheville, NC) New Jersey Community Capital (New Brunswick, NJ) Rainier Valley Community Development Fund (Seattle, WA) Valley Small Business Development Corporation (Fresno, CA) Women’s Economic Ventures (Santa Barbara, CA) Colorado Enterprise Fund (Denver, CO) First State Community Loan Fund (Wilmington, DE) City First Enterprises (Washington, D.
C.) Washington Area Community Investment Fund (Washington, D. C.)
Southwest Georgia United Empowerment Zone (Cordele, GA) Chicago Neighborhood Initiatives Micro Finance Group (Chicago, IL) Maryland Capital Enterprises (Salisbury, MD) Northwest Minnesota Foundation (Bemidji, MN) Native360 Loan Fund (Grand Island, NE) Rural Investment Corporation (Lyons, NE) Excelsior Growth Fund (Albany, NY) Grameen America (New York, NY) The Enterprise Center Capital Corporation (Philadelphia, PA) West Philadelphia Financial Services Institution (Philadelphia, PA) Women’s Opportunities Resource Center (Philadelphia, PA) Beaufort County Black Chamber of Commerce (Beaufort, SC) BCL of Texas (Austin, TX) Accion serving Arizona, Colorado, Nevada, New Mexico, and Texas (Albuquerque, NM) Carolina Small Business Development Fund (Raleigh, NC) Community Reinvestment Fund, USA (Minneapolis, MN) Hope Enterprise Corporation (Jackson, MS) Main Street Launch (Oakland, CA) Metropolitan Economic Development Association (Meda) (Minneapolis, MN) Self-Help Ventures Fund (Durham, NC) Accion Serving Southern California, (San Diego CA) African Development Center (ADC), (Minneapolis MN) Black Business Investment Fund Florida (BBIF) (Orlando, FL) Business Center for New Americans (New York, NY) California FarmLink (Aptos, CA) Coastal Enterprises Inc. (Brunswick, ME) Community Vision Capital & Consulting (San Francisco, CA) ECDC Enterprise Development Group (Arlington, VA) Finanta (Philadelphia, PA) Latino Economic Development Center (LEDC) (DC, Baltimore, MD, Puerto Rico) Natural Capital Investment Fund, Inc. (NCIF) (Shepherdstown, WV) Nebraska Enterprise Fund (Oakland, NE) Northern Initiatives (Marquette, MI) Pacific Community Ventures (Oakland, CA) Propel Nonprofits (Minneapolis, MN) South Carolina Community Loan Fund (Charleston, SC) Working Solutions (San Francisco Bay Area, CA) WWBIC, The Wisconsin Women's Business Initiative Corporation (Milwaukee, WI) Access to Capital for Entrepreneurs, Inc. (ACE) (Atlanta, GA) Community First Fund (Philadelphia, PA) Grameen America (CA and TX) Houston Business Development (Houston, TX) Local Initiatives Support Corporation (Los Angeles, CA and Indianapolis, IN) Opportunity Fund (serving markets across the U.S.) Raza Development Fund (Phoenix, AZ) Read the program guidelines (PDF) to learn the full value this program brings and find out if you are an eligible CDFI.
CDFIs that meet the specific eligibility criteria can submit an Interest Form for either funding opportunity. CDFIs awarded an Activator Grant or a Capacity Building grant are ineligible for additional DCC awards. Visit the Wells Fargo Works online resource center to learn about the wide range of products, resources, and guidance we offer to small businesses to help them take the next step toward their goals.
If you have questions about the program, contact diversecommunitycapital@wellsfargo. com. Wells Fargo proudly supports more than 150 CDFIs of all sizes across the country.
We provide tailored investment and debt strategies to support CDFIs’ efforts in both rural and urban communities to finance affordable housing, community facilities, and small and micro businesses.
New Markets Tax Credit program: Equity and debt investments for commercial development in low-income areas, with reduced borrowing costs for non-profits Senior debt: Shorter-term, floating-rate for use as core lending capital by larger CDFIs Structured debt: Layered, special purpose funds sponsored by CDFIs megan. g. teare@wellsfargo.
com Director of New Markets Tax Credits
Based on current listing details, eligibility includes: 501(c)(3) organizations and qualified governmental agencies, including public school systems, that benefit low- and moderate-income individuals and families. Applicants should confirm final requirements in the official notice before submission.
Current published award information indicates Individual award amounts vary Always verify allowable costs, matching requirements, and funding caps directly in the sponsor documentation.
The current target date is rolling deadlines or periodic funding windows. Build your timeline backwards from this date to cover registrations, approvals, attachments, and final submission checks.
Federal grant success rates typically range from 10-30%, varying by agency and program. Build a strong proposal with clear objectives, measurable outcomes, and a well-justified budget to improve your chances.
Requirements vary by sponsor, but typically include a project narrative, budget justification, organizational capability statement, and key personnel CVs. Check the official notice for the complete list of required attachments.
Yes — AI tools like Granted can help research funders, draft proposal sections, and check compliance. However, always review and customize AI-generated content to reflect your organization's unique strengths and the specific requirements of the solicitation.
Review timelines vary by funder. Federal agencies typically take 3-6 months from submission to award notification. Foundation grants may be faster, often 1-3 months. Check the program's timeline in the official solicitation for specific dates.
Many federal programs offer multi-year funding or allow competitive renewals. Check the official solicitation for continuation and renewal policies. Non-competing continuation applications are common for multi-year awards.