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Community Development Financial Institutions - Equitable Recovery Program. Due 7/26. $1.7B Available

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



Opportunity Link



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

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