# Fiscal Year 2022 CDFI Equitable Recovery Program

Source: https://welltoldgrants.com/grants/cdfi-2022-erp-fiscal-year-2022-cdfi-equitable-recovery-program/  
Official notice: https://www.grants.gov/search-results-detail/341129

> Community Development Financial Institutions offered grants of up to $15.0 million (at least $500,000) to the applicants described in the notice. It expected to make about 500 awards worth $1.7 billion in total. Applications closed on August 18, 2022.

| Field | Value |
|---|---|
| Opportunity number | CDFI-2022-ERP |
| Agency | Community Development Financial Institutions |
| Status | Forecast |
| Deadline | August 18, 2022 |
| Award ceiling | $15.0 million |
| Award floor | $500,000 |
| Expected awards | 500 |
| Total funding | $1.7 billion |
| Cost sharing | not required |
| Assistance Listings | 21.033 |

## Who can apply

- Others (see text field entitled "Additional Information on Eligibility" for clarification)

Applicants must be Certified CDFIs by the date the Notice of Funds Availability (NOFA) is published by the Federal Register and meet the additional eligibility criteria outlined in the FY 2022 CDFI ERP NOFA.

## What the grant funds

The Community Development Financial Institutions Fund (CDFI Fund) is launching the CDFI Equitable Recovery Program (CDFI ERP) to provide awards of up to $15 million to Certified Community Development Financial Institutions (CDFIs) for the following purposes: 1) to expand lending, grant making and investment activity in Low- or Moderate-Income communities and to borrowers, including minorities, that have significant unmet capital or financial services needs, and were disproportionately impacted by the COVID-19 pandemic; and 2) to enable CDFIs to build organizational capacity and acquire technology, staff, and other tools necessary to accomplish the activities under a CDFI ERP Award. All Awards provided through this NOFA are subject to funding availability.

## Questions people ask

### Is CDFI-2022-ERP still open?

No. It closed on August 18, 2022.

### Who can apply for Fiscal Year 2022 CDFI Equitable Recovery Program?

Community Development Financial Institutions accepted applications from the applicants described in the notice. The notice adds further conditions, so read its eligibility section.

### What is the deadline for Fiscal Year 2022 CDFI Equitable Recovery Program?

Closed August 18, 2022. Applications are no longer accepted; the program's newer notices are on this page when there are any.

### How much funding is available?

Awards of up to $15.0 million each. About $1.7 billion in total across about 500 awards.

### Who has won Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) grants before?

The largest recipients over five fiscal years were Liberty Financial Services, Inc., The First Bank, Cooperativa de Ahorro y Credito de Camuy. The program made 598 awards worth $1.7 billion in that time.