Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) (21.033)
Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) (Assistance Listing 21.033) is run by the Community Development Financial Institutions Fund, part of the Department of the Treasury. It awarded $1.7 billion in 598 grants from fiscal 2021 to 2025, about $2.9 million per award on average. No funding opportunity is open on Grants.gov right now.
The typical award was $2.5 million. Half of the 598 awards fell between $1.5 million and $3.7 million, and they ranged from $38,500 to $6.2 million.
- Awarded, FY 2021 to 2025$1.7 billion
- Grant awards598
- Typical award$2.5 million
- Awarded in FY 2025-$4.8 million
- Size rank188 of 1824
Key findings
- It is the 188th largest of 1,824 federal grant programs by five-year awards.
- The 20 largest recipients received 7% of the money.
- Awards went to recipients in 47 states and territories.
What the program funds
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.
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 Fund Equitable Recovery Program (CDFI ERP) (21.033) awarded$1.7 billion across 598 grant awards, an average of $2.9 million per award.
Who usually wins
Nonprofits received 49% of the money, businesses 31% and tribes 0.5%.
| Recipient type | Awards | Amount | Share |
|---|---|---|---|
| Nonprofits | 349 | $847 million | 49% |
| Businesses | 137 | $534 million | 31% |
| Other | 101 | $324 million | 19% |
| Tribal governments and organizations | 5 | $7.9 million | 0.5% |
| Colleges and universities | 2 | $5.5 million | 0.3% |
| State and local governments | 2 | $2.4 million | 0.1% |
| Small businesses | 2 | $1.0 million | less than 0.1% |
By state
46 states have a page for this program: those that received at least $1 million or 10 awards.
| State | Awards | Amount |
|---|---|---|
| Puerto Rico | 70 | $226 million |
| Mississippi | 44 | $166 million |
| California | 56 | $149 million |
| Louisiana | 35 | $130 million |
| New York | 44 | $120 million |
| Arkansas | 19 | $72.6 million |
| Texas | 21 | $66.0 million |
| Tennessee | 17 | $56.3 million |
| Florida | 19 | $43.5 million |
| Ohio | 15 | $42.7 million |
| Pennsylvania | 14 | $42.0 million |
| Alabama | 12 | $36.1 million |
| Georgia | 14 | $35.2 million |
| Minnesota | 12 | $34.7 million |
| Massachusetts | 13 | $34.5 million |
| Michigan | 15 | $34.3 million |
| Illinois | 13 | $32.8 million |
| Colorado | 9 | $30.7 million |
| Virginia | 10 | $30.4 million |
| Missouri | 8 | $29.2 million |
| Maryland | 7 | $28.4 million |
| New Mexico | 10 | $27.5 million |
| North Carolina | 10 | $26.2 million |
| District of Columbia | 10 | $24.9 million |
| South Carolina | 10 | $19.8 million |
| Washington | 8 | $18.0 million |
| Arizona | 6 | $17.9 million |
| Wisconsin | 8 | $16.2 million |
| Kentucky | 7 | $15.1 million |
| Oklahoma | 6 | $15.0 million |
| Nebraska | 5 | $12.9 million |
| South Dakota | 7 | $12.6 million |
| West Virginia | 3 | $11.3 million |
| Oregon | 4 | $11.2 million |
| Connecticut | 3 | $7.9 million |
| New Jersey | 5 | $7.3 million |
| Hawaii | 6 | $6.5 million |
| Indiana | 5 | $6.3 million |
| Maine | 3 | $4.3 million |
| New Hampshire | 2 | $4.1 million |
| Alaska | 4 | $3.2 million |
| Iowa | 2 | $3.0 million |
| Delaware | 2 | $2.7 million |
| Montana | 2 | $2.4 million |
| Guam | 1 | $1.9 million |
| Rhode Island | 1 | $1.8 million |
| Wyoming | 1 | $500,000 |