Community Development Financial Institutions - Equitable Recovery Program. Due 7/26. $1.7B Available
CDFI Equitable Recovery Program
The Community Development Financial Institutions Fund (CDFI Fund) is launching the CDFI Equitable Recovery Program (CDFI ERP) to provide awards of up to $15 million to Certified Community Development Financial Institutions (CDFIs) for the following purposes: 1) 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 services needs, and were disproportionately impacted by the COVID-19 pandemic; and 2) to enable CDFIs to build organizational capacity and acquire technology, staff, and other tools necessary to accomplish the activities under a CDFI ERP Award. All Awards provided through this NOFA are subject to funding availability.
Applicants must be Certified CDFIs by the date the Notice of Funds Availability (NOFA) is published by the Federal Register.
Total Amount Available:
July 26, 2022
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