Well Told Grants

Federal grant programs / Department of the Treasury

Community Development Financial Institutions Rapid Response Program (CDFI RRP) (21.024)

Also known as CDFI Rapid Response Program (CDFI RRP)

Community Development Financial Institutions Rapid Response Program (CDFI RRP) (Assistance Listing 21.024) is run by the Community Development Financial Institutions Fund, part of the Department of the Treasury. It awarded $1.2 billion in 863 grants from fiscal 2021 to 2025, about $1.4 million per award on average. No funding opportunity is open on Grants.gov right now.

The typical award was $1.8 million. Half of the 863 awards fell between $1.1 million and $1.8 million, and they ranged from $161,643 to $1.8 million.

Key findings

What the program funds

To support the ability of Community Development Financial Institutions (CDFIs) to support, prepare for, and respond to the economic impact of the coronavirus.

Open opportunities

No opportunity under this program is open or forecast on Grants.gov right now. Programs often post once a year, so the funding history below shows what to expect.

Funding history and past recipients

From fiscal 2021 to 2025, Community Development Financial Institutions Rapid Response Program (CDFI RRP) (21.024) awarded $1.2 billion across 863 grant awards, an average of $1.4 million per award.

Largest recipients, fiscal 2021 to 2025
RecipientStateAwardsAmount
Copiah BankMississippi1$1.8 million
Neighborhood Development Center IncMinnesota1$1.8 million
Culleywood Capital LLCMississippi1$1.8 million
Michigan Community CapitalMichigan1$1.8 million
Rural Community Assistance CorporationCalifornia1$1.8 million
The Cleveland State BankMississippi1$1.8 million
Carolina FoothillsSouth Carolina1$1.8 million
Public Service Credit UnionMichigan1$1.8 million
Gibsland Bank & Trust CompanyLouisiana1$1.8 million
Lewis Clark Credit UnionIdaho1$1.8 million
Rio Grande Valley Multibank CorporationTexas1$1.8 million
Citizens Trust BankGeorgia1$1.8 million
Rocket Federal Credit UnionTexas1$1.8 million
Genesis La Economic Growth CorporationCalifornia1$1.8 million
First General BankCalifornia1$1.8 million
Northeast Entrepreneur Fund, Inc.Minnesota1$1.8 million
Telhio Credit Union, Inc.Ohio1$1.8 million
Community Health Center Capital Fund IncMassachusetts1$1.8 million
Greater Minnesota Housing FundMinnesota1$1.8 million
The First BankMississippi1$1.8 million

Top states: California ($95.1 million), Mississippi ($95.0 million), New York ($84.4 million), Louisiana ($76.9 million), Puerto Rico ($47.3 million), Texas ($46.6 million), Florida ($44.8 million), Ohio ($42.3 million), Minnesota ($38.1 million), Pennsylvania ($37.3 million).

Who usually wins

Nonprofits received 59% of the money, businesses 23% and tribes 0.6%.

Recipient typeAwardsAmountShare
Nonprofits549$736 million59%
Businesses163$287 million23%
Other123$199 million16%
Tribal governments and organizations11$7.8 million0.6%
Colleges and universities6$7.3 million0.6%
State and local governments4$5.7 million0.5%
Small businesses7$4.0 million0.3%

By state

50 states have a page for this program: those that received at least $1 million or 10 awards.

Grants by recipient's state, fiscal 2021 to 2025
StateAwardsAmount
California67$95.1 million
Mississippi52$95.0 million
New York64$84.4 million
Louisiana43$76.9 million
Puerto Rico28$47.3 million
Texas30$46.6 million
Florida31$44.8 million
Ohio27$42.3 million
Minnesota27$38.1 million
Pennsylvania29$37.3 million
Michigan27$35.9 million
Illinois25$32.8 million
Tennessee22$32.0 million
Massachusetts24$31.4 million
Arkansas19$31.3 million
Washington23$31.1 million
Georgia17$25.9 million
Alabama16$24.7 million
Missouri15$22.2 million
Virginia18$21.6 million
Wisconsin17$21.4 million
North Carolina16$21.1 million
District of Columbia14$21.0 million
New Mexico14$20.8 million
Oregon13$19.7 million
Maryland12$19.1 million
South Dakota13$19.0 million
Colorado14$18.6 million
South Carolina11$17.1 million
Indiana13$16.1 million
Kentucky11$14.6 million
Oklahoma8$12.8 million
Montana10$12.6 million
Connecticut8$12.4 million
Arizona10$11.3 million
Idaho8$10.9 million
Maine7$10.6 million
Iowa7$9.9 million
Hawaii9$9.2 million
Nebraska7$7.7 million
New Hampshire4$7.3 million
New Jersey6$6.3 million
West Virginia5$6.2 million
Vermont6$5.8 million
Delaware4$5.5 million
Alaska5$4.3 million
Rhode Island2$2.9 million
Utah2$2.0 million
Guam1$1.8 million
North Dakota1$1.8 million
Wyoming1$200,000

Award amounts are federal obligations reported to USAspending.gov for fiscal 2021 to 2025; see how our data works.