Community Development Financial Institutions Program

Department Of The Treasury, Community Development Financial Institutions

To promote economic revitalization and community development through investment in and assistance to certified and emerging Community Development Financial Institutions (CDFIs).

Jargon-free version

Helps community development financial institutions provide affordable loans and services to underserved areas. Offers funding and training to grow their capacity and support local economic revitalization.

Quick Facts

Funding
$3 - $100,000,000
Deadline
Mar 21, 2025
Status
Rolling Intake
Category
Regional & Community Development
Organization
Department Of The Treasury, Community Development Financial Institutions

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What Is This Program?

The CDFI Program uses monetary awards and training opportunities to invest in and build the capacity of CDFIs, empowering them to grow, achieve organizational sustainability, and drive community revitalization.

What Benefits Are Offered?

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The CDFI Program provides competitive Financial Assistance and Technical Assistance awards to Community Development Financial Institutions (CDFIs). Financial Assistance awards include loans, grants, equity investments, deposits, and credit union shares, requiring a dollar-for-dollar match with non-federal funds. Technical Assistance awards are grants designed to build organizational capacity. The program also offers supplemental awards for specific initiatives such as Healthy Food Financing and Housing Production-Financial Assistance to drive community revitalization, organizational sustainability, and expand access to affordable financial products and services.

Who Is Eligible?

Region: United States, District of Columbia, Guam, Puerto Rico

Other Criteria: Must be a Certified Community Development Financial Institution (CDFI) for Financial Assistance awards., Certified and Emerging CDFIs are eligible for Technical Assistance awards., Emerging CDFIs must demonstrate the ability to become a Certified CDFI within three years of receiving a Technical Assistance grant., To be a Certified CDFI: Must be a legal entity, have a primary mission of promoting community development, be a financing entity, primarily serve one or more target markets, provide development services in conjunction with financing activities, maintain accountability to its target market, and be a non-government entity (Tribal governments excluded)., For Healthy Food Financing Initiative: Must be a CDFI interested in expanding healthy food financing activities., For Housing Production-Financial Assistance: Must be interested in financing the production of affordable housing for low- and moderate-income families.

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๐Ÿ† Detailed Application Guide

๐Ÿ“‹What Are the Application Steps & Timeline?

๐Ÿ“Steps to Apply
  • Certification
  • Apply
  • Award Announcement
  • Closing and Disbursement
  • Compliance and Reporting
๐ŸŒApplication Portal
https://www.cdfifund.gov/programs-training/programs/cdfi-program/apply-step
๐Ÿ“คSubmission Method
online
๐Ÿ“…Key Dates
January 16, 2025Opening Date
February 18, 2025 by 11:59 PM ETDeadline for Creating an AMIS Account
February 18, 2025 by 11:59 PM ETDeadline to enter EIN and UEI in AMIS
February 18, 2025 by 11:59 PM ETDeadline for Submitting SF-424 through Grants.gov
March 19, 2025 by 5:00 PM ETLast Day to Answer Questions About the Application
March 21, 2025 by 5:00 PM ETDeadline to Receive AMIS Support From IT Help Desk
March 21, 2025 by 11:59 PM ETDeadline to submit Title VI Compliance Worksheet in AMIS
March 21, 2025 by 11:59 PM ETDeadline for Submitting FA/TA Application through AMIS
April 4, 2025 by 11:59 PM ETLast day to submit Excel HP-FA Application
September 30, 2025CDFI Program Technical Assistance Awards Announced
๐Ÿ”„Intake Type
fixed-deadline

๐Ÿ“„What Documents Are Required?

โœ…Required Documents
  • SF-424 (Application for Federal Assistance)
  • SF-424A (Budget Information - Non-Construction)
  • SF-424B (Assurances)
  • Project Narrative
  • Budget Narrative
  • indirect cost rate agreement
  • Title VI Compliance Worksheet
๐Ÿ“ŽOptional Documents
  • Excel Housing Production FA (HP-FA) Application
๐Ÿ“Format Requirements
PDF only, max 10MB
๐Ÿ“ฅTemplates Available
โœ‰๏ธSupporting Letters
Letters of support are not explicitly mentioned.

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๐Ÿ’ฐWhat Expenses Are Eligible?

๐ŸงพEligible Expenses
  • lending capital
  • loan loss reserves
  • capital reserves
  • operations
  • development services
  • purchase equipment
  • hire consulting or contracting services
  • pay salaries and benefits
  • train staff or board members
๐Ÿ“Expense Caps
Financial Assistance awards of up to $2 million
๐Ÿ’ณPayment Model
mixed

๐ŸคIs Matching Funding Required?

๐Ÿ”€Matching Required
Yes
๐Ÿ“ŠMatching Ratio
1:1
๐ŸฆEligible Matching Sources
  • cash
  • in-kind
๐Ÿ“šStacking Rules
Yes, can combine with other government funding.
๐Ÿ›ก๏ธProof of Matching Required
Documentation from non-federal sources to prove matching funds.

๐Ÿ“ŠWhat Are the Reporting Requirements?

๐Ÿ—“๏ธReporting Frequency
annual
๐Ÿ“‘Reporting Requirements
  • SF-425 Federal Financial Report
  • performance progress report
๐Ÿ”Audit Requirements
OMB Uniform Guidance Single Audit if the recipient expends $750,000 or more in federal awards.
๐Ÿ“ขBranding Requirements
Acknowledgment of federal funding is required in all materials related to the project.
๐Ÿ—„๏ธRecord Retention Period
3 years post-final-report

How Do I Apply?

cdfihelp@cdfi.treas.gov
(202) 653-0300

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FAQFrequently Asked Questions

Visit the program page for detailed eligibility requirements.

This program offers funding up to $100,000,000 (minimum $3).

The application deadline is March 21, 2025.

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