Fiscal Year 2022 CDFI Equitable Recovery Program

https://www.grants.gov/web/grants/view-opportunity.html?oppId=341129
Award Amount
$15,000,000.00
Maximum Amount
$15,000,000.00
Assistance Type
Grant
Funding Source
Federal
Implementing Entity
Community Development Financial Institutions
Due Date
Where the Opportunity is Offered
All of California
Eligible Applicant
Other
Additional Eligibility Information
Applicants must be Certified CDFIs by the date the Notice of Funds Availability (NOFA) is published by the Federal Register and meet the additional eligibility criteria outlined in the FY 2022 CDFI ERP NOFA.
Contact
CDFI Fund Help Desk
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.

Category
Community Development

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