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  • Writer's pictureCaroline Winter

CDFI Equitable Recovery Program. Due 9/22/2022. $1.75B Available.

Opportunity Title:

Community Development Financial Institutions (CDFI) Equitable Recovery Program



Description:

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.



Eligibility:

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.



Total Amount Available:

1,750,000,000



Application Deadlines:

August 18, 2022: Deadline to enter EIN and UEI numbers in AMIS

August 18, 2022: Deadline for Submitting SF-424 through Grants.gov

September 20, 2022: Last Day the CDFI Fund Will Answer Questions About the Application

September 20, 2022: Last day to contact CDFI Fund with questions about Compliance or CDFI Certification

September 22, 2022: Deadline to Receive AMIS Support from the IT Help Desk

September 22, 2022: Deadline for Submitting CDFI Equitable Recovery Program Application through AMIS





Grant Management Associates has years of experience with opportunities like this one. Contact us today for a consultation.

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