Community Development Financial Institutions Program Loan
Department Of The Treasury, Community Development Financial Institutions
To promote economic revitalization and community development through investment in and assistance to certified Community Development Financial Institutions (CDFIs).
Jargon-free version
Helps certified Community Development Financial Institutions provide affordable loans and services to underserved communities. These institutions can receive funding to expand their offerings and support local economic growth.
Quick Facts
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What Is This Program?
What Benefits Are Offered?
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Browse Partner Directory๐ Detailed Application Guide
๐What Are the Application Steps & Timeline?
- ๐Steps to Apply
- Certification
- Apply
- Award Announcement
- Closing and Disbursement
- Compliance and Reporting
- ๐Application Portal
- https://www.cdfifund.gov/programs-training/programs/cdfi-program/apply-step
- ๐คSubmission Method
- online
- ๐ Key Dates
- January 16, 2025Opening DateFebruary 18, 2025 by 11:59 PM ETDeadline for Creating an AMIS AccountFebruary 18, 2025 by 11:59 PM ETDeadline to enter EIN and UEI in AMISFebruary 18, 2025 by 11:59 PM ETDeadline for Submitting SF-424 through Grants.govMarch 19, 2025 by 5:00 PM ETLast Day the CDFI Fund Will Answer Questions About the ApplicationMarch 21, 2025 by 5:00 PM ETDeadline to Receive AMIS Support From the IT Help DeskMarch 21, 2025 by 11:59 PM ETDeadline to submit Title VI Compliance Worksheet in AMISMarch 21, 2025 by 11:59 PM ETDeadline for Submitting FA/TA Application through AMISApril 4, 2025 by 11:59 PM ETLast day to submit Excel Housing Production FA ApplicationSeptember 30, 2025CDFI Program Technical Assistance Awards Announced
- ๐Intake Type
- fixed-deadline
๐What Documents Are Required?
- โ 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
- ๐Format Requirements
- PDF only, max 10MB
- ๐ฅTemplates Available
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๐ฐWhat Expenses Are Eligible?
- ๐งพEligible 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
- ๐ณPayment Model
- mixed
- โชRetroactive Expenses Eligible
- No
๐คIs Matching Funding Required?
- ๐Matching Required
- Yes
- ๐Matching Ratio
- 1:1
- ๐ฆEligible Matching Sources
- non-federal funds
- ๐Stacking Rules
- Yes, CDFIs can leverage their awards by partnering with other funders.
- ๐ก๏ธProof of Matching Required
- Documentation of non-federal funding sources is required to prove matching funds.
๐What Are the Reporting Requirements?
- ๐๏ธReporting Frequency
- annual
- ๐Reporting Requirements
- SF-425 Federal Financial Report
- performance progress report
- ๐Audit Requirements
- OMB Uniform Guidance Single Audit if the recipient expends $750,000 or more in federal awards.
- ๐ขBranding Requirements
- Acknowledgment of federal funding is required.
- ๐๏ธRecord Retention Period
- 3 years post-final-report
How Do I Apply?
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FAQFrequently Asked Questions
Visit the program page for detailed eligibility requirements.
This program offers funding up to $5,200,000 (minimum $5,146,814).
This program accepts applications on a rolling basis.
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