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  • Caroline Winter

Dept. of the Treasury - Community Development Financial Institutions Equitable Recovery Program.

Opportunity Title:

Community Development Financial Institutions Equitable Recovery Program (CDFI ERP)



Opportunity Number:

2022-13452



Description:

The CDFI Fund was established by the Riegle Community Development and Regulatory Improvement Act of 1994 (Pub. L. 103-325) (Riegle Act) to promote economic revitalization and community development through investment in and assistance to CDFIs. The CDFI ERP was authorized by Congress to provide grants to CDFIs to respond to the economic impact of the COVID-19 pandemic.



Eligibility:

Organizations eligible to apply for a CDFI ERP Award will be limited to CDFIs that:

  • have been certified, by the CDFI Fund, as CDFIs as of the date the NOFA is published in the Federal Register—the NOFA serves as an official notice that organizations can formally submit an application for a CDFI ERP Award;

  • have a track record of serving CDFI ERP-Eligible Geographies (which will be detailed in the NOFA) and can provide data demonstrating such track record as part of the application process; and

  • meet certain financial management criteria, including two years of audited financial statements, and are in compliance with all outstanding CDFI Fund awards, allocations, or bond requirements and meet benchmarks for programmatic and financial safety and soundness.



Total Amount Available:

$1,730,000,000



Maximum Award:

$15,000,000



Minimum Award:

$500,000



Application Deadline:

Submit OMB Standard Form-424 Mandatory - July 26, 2022 11:59 p.m. ET

Enter (EIN) and (UEI) numbers in AMIS - July 26, 2022 11:59 p.m. ET

Last day to contact CDFI Fund with questions - August 19, 2022 5:00 p.m. ET

Last day to contact AMISIT Help Desk - August 23, 2022 5:00 p.m. ET

Submit complete CDFI ERP Application Package - August 23, 2022 11:59 p.m. ET



Opportunity Link



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