CDFI-2022-ERP: Fiscal Year 2022 CDFI Equitable Recovery Program
Closed
This grant is closed. Who won this program's grants before is below, and similar open grants are at the end of the page. It is in our archive of Community Development Financial Institutions notices from 2022.
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.
From the official notice on Grants.gov, last changed July 15, 2022. Checked November 7, 2026.
- Award ceiling$15.0 million
- Award floor$500,000
- Total funding$1.7 billion
- Expected awards500
- Cost sharingNot required
- Funding typeGrant
Key dates
| Posted | June 23, 2022 |
|---|---|
| Deadline | August 18, 2022 |
| Archived by Grants.gov | September 17, 2022 |
Who can apply
This opportunity was open to the applicants described in the notice.
- 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.
Is this a realistic fit?
- Past Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) awards averaged $2.9 million; this notice allows up to $15.0 million per award.
- Most of the program's money (49% over five years) went to nonprofits.
- No cost sharing or match is required.
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.
Who has won Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) grants before
From fiscal 2021 to 2025, Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) (21.033) awarded $1.7 billion across 598 grant awards, an average of $2.9 million per award.
| Recipient | State | Awards | Amount |
|---|---|---|---|
| Liberty Financial Services, Inc. | Louisiana | 1 | $6.2 million |
| The First Bank | Mississippi | 1 | $6.2 million |
| Cooperativa de Ahorro y Credito de Camuy | Puerto Rico | 1 | $6.2 million |
| Raza Development Fund Inc | Arizona | 1 | $6.2 million |
| Asian Financial Corp | Pennsylvania | 1 | $6.2 million |
Applying now
This notice no longer takes applications. Agencies often post the same opportunity again under a new number, so check the program's notices on Grants.gov and the similar open grants below.
The notice on Grants.gov keeps its full text and attachments, which is useful for planning a resubmission.
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.
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