# Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) (21.033)

Source: https://welltoldgrants.com/programs/21-033-community-development-financial-institutions-fund-equitable/  
Publisher: Well Told Grants. Data: USAspending.gov and Grants.gov, updated November 7, 2026.

Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) is run by Department of the Treasury. From fiscal 2021 to 2025 it awarded $1.7 billion in 598 grants, about $2.9 million per award.

## Objectives

To provide grants to Community Development Financial Institutions (CDFIs) for the following purposes: 1) to expand lending, grant making and investment activities in Low- or Moderate-Income communities and to borrowers that have historically experienced significant unmet capital and 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.

## Funding by fiscal year

| Year | Amount | Awards |
|---|---|---|
| 2021 | $0 | 0 |
| 2022 | $0 | 0 |
| 2023 | $1.7 billion | 601 |
| 2024 | $0 | 0 |
| 2025 | -$4.8 million | 0 |

## Largest recipients

| Recipient | State | Amount |
|---|---|---|
| Liberty Financial Services, Inc. | Louisiana | $6.2 million |
| The First Bank | Mississippi | $6.2 million |
| Cooperativa de Ahorro y Credito de Camuy | Puerto Rico | $6.2 million |
| Raza Development Fund Inc | Arizona | $6.2 million |
| Asian Financial Corp | Pennsylvania | $6.2 million |
| Genesis Bank of Mississippi | Mississippi | $6.2 million |
| Midwest Housing Development Fund, Inc. | Nebraska | $6.2 million |
| Peoples Advantage Federal Credit Union | Virginia | $6.2 million |
| Cooperativa de Ahorro y Credito Jesus Obrero | Puerto Rico | $6.2 million |
| Cooperativa de Ahorro y Credito de Isabela | Puerto Rico | $6.2 million |
| Partners Bank | Arkansas | $6.2 million |
| Cooperativa de Ahorro y Credito de Santa Isabel | Puerto Rico | $6.2 million |
| Freedom Bank | Texas | $6.2 million |
| Peoples Bank | Mississippi | $6.2 million |
| People Trust | Arkansas | $6.2 million |
| Planters Bank & Trust Company | Mississippi | $6.2 million |
| Harbor Bankshares Corporation | Maryland | $6.2 million |
| Clearinghouse Community Development Financial Institution | California | $6.2 million |
| New Hope Community Capital, Inc. | Massachusetts | $6.2 million |
| First Naturalstate Bank | Arkansas | $6.2 million |