Monday, October 6, 2014

Treasury Opens 2015 Funding Round for Community Development Financial Institutions

Community Development Financial Institutions (CDFIs) provide affordable financing and related services to low-income communities and populations that lack access to credit, capital and financial services. CDFIs engage in a variety of activities in their local markets, including promoting economic development, creating jobs, developing affordable housing and providing banking, financial literacy and lending services.

The U.S. Treasury Department’s Community Development Financial Institutions Fund supports CDFIs through a range of programs, including the CDFI Program, Native American CDFI Assistance Program and Healthy Food Financing Initiative. Recently, the CDFI Fund announced the availability of funding for the following programs in 2015, subject to Congressional appropriations.

  • $151 million for CDFI Program awards; 
  • $15 million for the Native American CDFI Assistance (NACA) Program awards; 
  •  $35 million of supplemental funding from the Healthy Food Financing Initiative for recipients of the CDFI and NACA programs who express an interest in expanding their healthy food-focused financing activities.

Applications for the CDFI and NACA Programs are due on Monday, November 24 at 11:59 p.m. Eastern Time. For more information on award categories, eligibility and application materials, see the CDFI Program and NACA Program pages.

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