Fiscal Year 2022 CDFI Equitable Recovery Program

The summary for the Fiscal Year 2022 CDFI Equitable Recovery Program grant is detailed below. This summary states who is eligible for the grant, how much grant money will be awarded, current and past deadlines, Catalog of Federal Domestic Assistance (CFDA) numbers, and a sampling of similar government grants. Verify the accuracy of the data provides by visiting the webpage noted in the Link to Full Announcement section or by contacting the appropriate person listed as the Grant Announcement Contact. If any section is incomplete, please visit the website for the Community Development Financial Institutions, which is the U.S. government agency offering this grant.
Fiscal Year 2022 CDFI Equitable Recovery Program: 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.
Federal Grant Title: Fiscal Year 2022 CDFI Equitable Recovery Program
Federal Agency Name: Community Development Financial Institutions (USDOT-CDFI)
Grant Categories: Community Development
Type of Opportunity: Discretionary
Funding Opportunity Number: CDFI-2022-ERP
Type of Funding: Grant
CFDA Numbers: 21.033
CFDA Descriptions: Information not provided
Current Application Deadline: August 18th, 2022
Original Application Deadline: August 18th, 2022
Posted Date: June 23rd, 2022
Creation Date: June 23rd, 2022
Archive Date: September 17th, 2022
Total Program Funding: $1,738,000,000
Maximum Federal Grant Award: $15,000,000
Minimum Federal Grant Award: $500,000
Expected Number of Awards: 500
Cost Sharing or Matching: No
Last Updated: July 15th, 2022
Applicants Eligible for this Grant
Others (see text field entitled "Additional Information on Eligibility" for clarification.)
Additional Information on Eligibility
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.
Link to Full Grant Announcement
A webpage on the CDFI Fund's website with all the relevant details regarding the CDFI Equitable Recovery Program
Grant Announcement Contact
CDFI Fund Help Desk
(202) 653-0421
CDFI Fund ERP Staff
More Grants from the Community Development Financial Institutions
Fiscal Year 2024 Capital Magnet Fund Program
Fiscal Year 2024 NACA Program
Fiscal Year 2024 CDFI Program
Fiscal Year 2024 Small Dollar Loan Program
FY 2023 Bank Enterprise Award Program Application is not endorsed by, or affiliated with, any government agency. Copyright ©2007-2024