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

Funding
$5,146,814 - $5,200,000
Deadline
Rolling
Status
Rolling Intake
Category
Regional & Community Development
Organization
Department Of The Treasury, Community Development Financial Institutions

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What Is This Program?

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

What Benefits Are Offered?

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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 the CDFI Fund Will Answer Questions About the Application
March 21, 2025 by 5:00 PM ETDeadline to Receive AMIS Support From the 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 Housing Production 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“Format Requirements
PDF only, max 10MB

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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’ณPayment Model
mixed
โชRetroactive Expenses Eligible
No

๐ŸคIs Matching Funding Required?

๐Ÿ”€Matching Required
Yes
๐Ÿ“ŠMatching Ratio
1:1
๐ŸฆEligible Matching Sources
  • non-federal funds
๐Ÿ“šStacking Rules
Yes, CDFIs can leverage their awards by partnering with other funders.
๐Ÿ›ก๏ธProof of Matching Required
Documentation of non-federal funding sources is required 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.
๐Ÿ—„๏ธRecord Retention Period
3 years post-final-report

How Do I Apply?

cdfihelp@cdfi.treas.gov
2026530300

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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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