Community Development Financial Institutions, Treasury, Department Of The
Community Development Financial Institutions Program
Key facts
- Open right now
- No open notice at the moment
- Type of help
- Project Grants
- Typical award
- Funds for the FY 2024 Funding Round are a combination of appropriations from FY 2023 and FY 2024. Therefore, no funds were awarded in in FY 2023. In FY2024, there were only Financial Assistance awards obligated and...
- Deadlines
- Not Applicable.
What it pays for
To promote economic revitalization and community development through investment in and assistance to certified and emerging Community Development Financial Institutions (CDFIs).
Who can apply
Only certified CDFIs are eligible to apply for Financial Assistance awards. Certified CDFIs and entities seeking to become certified CDFIs may apply for Technical Assistance awards. No awards may be issued to federal government agencies, departments or instrumentalities, state governments, local governments or any agency or instrumentality thereof.
How applications are judged
Evaluation factors include: (1) eligibility review, (2) financial analysis and compliance risk evaluation, (3) business plan review, (4) policy objective review and community impact, and (5) other factors set forth in the CDFI Program regulations, NOFA and application materials.
Matching requirements
This program has no statutory formula.
Unless waived by Congress, CDFI Program applicants are required to match FA awards dollar-for-dollar with non-federal funds of the same type as the award itself.
The Indian Community Economic Enhancement Act of 2020 (Pub. L. 116 261) permanently waived the Matching Funds requirement for Native American CDFIs, and as a result, Native American CDFI applicants are not required to provide Matching Funds.
Matching requirements are mandatory.MOE requirements are not applicable to this assistance listing.
Examples of funded projects
Fiscal Year2017: Please visit the CDFI Fund website for examples of funded projects. The information can be accessed via www.cdfifund.gov/programs-training/Programs/cdfi-program.Fiscal Year2018: Visit the CDFI Fund website for examples of funded projects. The information can be accessed via www.cdfifund.gov/programs-training/Programs/cdfi-program.Fiscal Year2019: Visit the CDFI Fund website for examples of funded projects. The information can be accessed via www.cdfifund.gov/programs-training/Programs/cdfi-program.Fiscal Year2020: Visit the CDFI Fund website for examples of funded projects. The information can be accessed via www.cdfifund.gov/programs-training/Programs/cdfi-program.Fiscal Year2021: Visit the CDFI Fund website for examples of funded projects. The information can be accessed via www.cdfifund.gov/programs-training/Programs/cdfi-program.Fiscal Year2022: Visit the CDFI Fund website for examples of funded projects. The information can be accessed via www.cdfifund.gov/programs-training/Programs/cdfi-program.Fiscal Year2024: Visit the CDFI Fund website for examples of funded projects. The information can be accessed via www.cdfifund.gov/programs-training/Programs/cdfi-program.