Opportunity Title:
CDFI Equitable Recovery Program
Opportunity Number:
CDFI-2022-ERP
Description:
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.
Eligibility:
Applicants must be Certified CDFIs by the date the Notice of Funds Availability (NOFA) is published by the Federal Register.
Total Amount Available:
$1,738,000,000
Maximum Award:
$15,000,000
Minimum Award:
$500,000
Application Deadline:
July 26, 2022
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