This grant, offered by the CDFI Fund through its CDFI Program, provides crucial financial and organizational support to Community Development Financial Institutions (CDFIs). The Fiscal Year 2025 CDFI Program aims to bolster CDFIs’ ability to serve their Eligible and Target Markets. Certified CDFIs can apply for Base-FA awards of up to $1 million, specifically designed to build their financial capacity for increased lending. Furthermore, both Certified and Emerging CDFIs are eligible for Technical Assistance (TA) grants of up to $150,000, dedicated to strengthening their organizational capacity. This grant is for enhancing CDFIs’ impact in underserved communities by improving their financial outreach and operational effectiveness.
Opportunity ID: 358096
General Information
| Document Type: | Grants Notice |
| Funding Opportunity Number: | CDFI-2025-FATA |
| Funding Opportunity Title: | Fiscal Year 2025 CDFI Program |
| Opportunity Category: | Discretionary |
| Opportunity Category Explanation: | – |
| Funding Instrument Type: | Grant |
| Category of Funding Activity: | Community Development |
| Category Explanation: | – |
| Expected Number of Awards: | 495 |
| Assistance Listings: | 21.020 — Community Development Financial Institutions Program |
| Cost Sharing or Matching Requirement: | Yes |
| Version: | Synopsis 1 |
| Posted Date: | Jan 08, 2025 |
| Last Updated Date: | Jan 08, 2025 |
| Original Closing Date for Applications: | Feb 18, 2025 |
| Current Closing Date for Applications: | Feb 18, 2025 |
| Archive Date: | Mar 20, 2025 |
| Estimated Total Program Funding: | $320,000,000 |
| Award Ceiling: | $1,000,000 |
| Award Floor: | $10,000 |
Eligibility
| Eligible Applicants: | Others (see text field entitled “Additional Information on Eligibility” for clarification) |
| Additional Information on Eligibility: | Eligibility requirements for the Financial Assistance and Technical Assistance components of the FY 2025 CDFI Program can be found in the FY 2025 Notice of Funds Availability (NOFA). |
Additional Information
| Agency Name: | Community Development Financial Institutions |
| Description: |
Through the CDFI Program, the CDFI Fund provides (i) Base-FA awards of up to $1 million to Certified Community Development Financial Institutions (CDFIs) to build their financial capacity to lend to their Eligible Markets and/or Target Markets, and (ii) TA grants of up to $150,000 to build Certified and Emerging CDFIs’ organizational capacity to serve their Eligible Markets and/or Target Markets. For more detailed information, please refer to the NOFA found on the CDFI Fund’s website. |
| Link to Additional Information: | A webpage on the CDFI Fund’s website with all the relevant details regarding the CDFI Program. |
| Grantor Contact Information: | If you have difficulty accessing the full announcement electronically, please contact:
CDFI Fund Help Desk
(202) 653-0421 Email:cdfihelp@cdfi.treas.gov |
Version History
| Version | Modification Description | Updated Date |
|---|---|---|
Related Documents
There are no related documents on this grant.
Packages
| Agency Contact Information: | CDFI Fund Help Desk (202) 653-0421 Email: cdfihelp@cdfi.treas.gov |
| Who Can Apply: | Organization Applicants |
| Assistance Listing Number | Competition ID | Competition Title | Opportunity Package ID | Opening Date | Closing Date | Actions |
|---|---|---|---|---|---|---|
| 21.020 | PKG00289972 | Jan 16, 2025 | Feb 18, 2025 | View |
Package 1
Mandatory forms
358096 SF424_Mandatory_3_0-3.0.pdf
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