21.033: Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP)

21.033

Active

Community Development Financial Institutions Fund (CDFI) [USDT]

June 3, 2022

June 3, 2022

To provide grants to Community Development Financial Institutions (CDFIs) for the following purposes: 1) to expand lending, grant making and investment activities in Low- or Moderate-Income communities and to borrowers that have historically experienced significant unmet capital and 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.

B - Project Grants

Only certified CDFIs are eligible to apply for CDFI ERP Awards. No Awards may be issued to Federal Government agencies, departments or instrumentalities, State governments, local governments or any agency or instrumentality thereof.

The CDFI ERP has been created to benefit low- to moderate-income communities and individuals that have historically experienced significant unmet capital and financial services needs and were disproportionately impacted by the COVID-19 pandemic. The CDFI Fund has designated specific COVID-impacted CDFI ERP-Eligible Geographies as areas that may benefit from CDFI ERP assistance. Additional beneficiaries may include low- or moderate-income minority communities, minorities, Persistent Poverty Counties, Native Areas, U.S. Territories, small businesses, small farms, nonprofits, and community development organizations.

https://sam.gov/fal/c5dd8180600e41829da4f254d044609d/view