# Fiscal Year 2024 CDFI Program

Source: https://welltoldgrants.com/grants/cdfi-2024-fata-fiscal-year-2024-cdfi-program/  
Official notice: https://www.grants.gov/search-results-detail/351277

> Community Development Financial Institutions offered grants of up to $2.0 million (at least $10,000) to the applicants described in the notice. It expected to make about 440 awards worth $412 million in total. Applications closed on January 16, 2024.

| Field | Value |
|---|---|
| Opportunity number | CDFI-2024-FATA |
| Agency | Community Development Financial Institutions |
| Status | Forecast |
| Deadline | January 16, 2024 |
| Award ceiling | $2.0 million |
| Award floor | $10,000 |
| Expected awards | 440 |
| Total funding | $412 million |
| Cost sharing | required |
| Assistance Listings | 21.020 |

## Who can apply

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

Eligibility requirements for the Financial Assistance and Technical Assistance components of the FY 2024 CDFI Program can be found in the FY 2024 Notice of Funds Availability (NOFA).

## What the grant funds

Through the CDFI Program, the CDFI Fund provides (i) Base-FA awards of up to $2 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 $300,000 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.

## Questions people ask

### Is CDFI-2024-FATA still open?

No. It closed on January 16, 2024.

### Who can apply for Fiscal Year 2024 CDFI 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 2024 CDFI Program?

Closed January 16, 2024. 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 $2.0 million each. About $412 million in total across about 440 awards.

### Who has won Community Development Financial Institutions Program grants before?

The largest recipients over five fiscal years were The Reinvestment Fund, Inc., Community First Fund, Local Initiatives Support Corporation. The program made 1,482 awards worth $807 million in that time.