Community Development Financial Institutions (CDFI) Program
This funding record is inactive. Please see the program website or contact the program
sponsor to
determine if this program is currently accepting applications or will open again in the future.
CDFI Fund help desk
cdfihelp@cdfi.treas.gov
202.653.0421
Certification, compliance monitoring, and
evaluation help desk
ccme@cdfi.treas.gov
202.653.0421
This program supports Community Development Financial Institutions (CDFIs) providing affordable financing and related services to low-income communities and populations that lack access to affordable credit, capital, and financial services. Funds may be used to:
- Promote economic development, develop businesses, create jobs, and develop commercial real estate
- Develop affordable housing and promote homeownership
- Provide community development financial services, such as basic banking services, financial literacy programs, and alternatives to predatory lending
- Finance healthy food retail outlets in food deserts
There are two types of awards:
- Financial Assistance (FA) Awards - May be used for financing capital, loan loss reserves, capital reserves or operations. FA awards are made in the form of equity investments, loans, deposits, or grants, and the CDFI is required to match its FA award dollar-for-dollar with non-federal funds of the same type as the award itself. Within the Financial Assistance program, applicants may apply for additional funds through the Healthy Food Financing Initiative.
- Technical Assistance (TA) Awards - Allows certified CDFIs and established entities seeking to become certified to build their capacity to provide affordable financial products and services to low-income communities.
To be eligible for an FA award, a CDFI must be certified by the CDFI Fund before it applies for the award. Prospective applicants that are not yet certified must submit a separate certification application to be considered for FA during a funding round.
Both certified and non-certified CDFIs are eligible to apply for TA awards. However, non-certified organizations must be able to become certified within 3 years after receiving a TA award.
Award ceiling: $2,000,000
Award floor: $10,000
Expected number of awards: 440
Estimated total program funding:
$412,000,000
Links to all application materials are available on the program website and grants.gov.
Important dates:
- January 16, 2024 - Deadline for:
- Creating an account through the CDFI Fund's Awards Management Information System AMIS
- Entering EIN and DUNS numbers in AMIS
- Submitting SF-424 through grants.gov
- February 13, 2024 - The last day the CDFI Fund will answer questions about the application
- February 15, 2024 - Deadline for submitting FA/TA Application through AMIS; Deadline to receive AMIS support From the IT help desk; and Deadline to submit the Title VI worksheet in AMIS
- March 1, 2024 - Deadline to receive support from compliance monitoring and evaluation (CCME) help desk regarding CDFI certification applications (for Uncertified FA Applicants)
- March 5, 2024 - Deadline for submitting CDFI certification applications (for uncertified financial assistance applicants)
Application assistance:
For complete information about funding programs, including your
application status, please contact funders directly. Summaries are provided
for your convenience only. RHIhub does not take part in application processes
or monitor application status.