Closed · CDFI-2022-ERP · CFDA 21.033 · Discretionary
Fiscal Year 2022 CDFI Equitable Recovery Program
Federal grant opportunity posted by Community Development Financial Institutions, cataloged on Grants.gov.
- $500K-$15M
- Award range
- Closed
- Status
- August 18, 2022
- Close date
- 500
- Expected awards
The verdict
Fiscal Year 2022 CDFI Equitable Recovery Program is a closed discretionary listing from Community Development Financial Institutions that offered $500,000 -- $15,000,000 across 500 expected awards. Future funding cycles may be published under the same CFDA number.
- $500K-$15M
- award range
- Closed
- application status
- 500
- expected awards
- 21.033
- CFDA program
Opportunity snapshot. This Grants.gov announcement - Fiscal Year 2022 CDFI Equitable Recovery Program - is cataloged under number CDFI-2022-ERP and tied to CFDA assistance listing 21.033, posted by Community Development Financial Institutions. Grants.gov currently shows the opportunity as closed, first posted on June 23, 2022 and last updated on July 15, 2022. The funding category is Discretionary, delivered as a grant.
Award economics. The award range on file is $500,000 -- $15,000,000. The agency has projected $1.7 billion in total estimated funding for this announcement. It expects to issue 500 awards. If the agency funds the expected 500 awards from the $1.7 billion estimated pool, the average award works out to roughly $3.5 million. Cost sharing is not required, so applicants do not need to commit matching funds to be competitive on this opportunity. Federal award ranges are often upper bounds; actual allocations reflect program appropriations, the strength of the applicant pool, and the evaluation committee's scoring.
Deadline and action path. This opportunity closed on August 18, 2022. Future funding cycles may be published under the same CFDA number, so monitoring the parent program page is the most reliable way to catch re-announcements. Every Grants.gov submission requires an active SAM.gov registration and a Unique Entity ID. Review the Eligibility section below carefully, federal eligibility categories (nonprofit, state or local government, tribal, individual, educational institution, small business) have distinct registration and reporting requirements. Pre-application outreach to the listed agency contact is permitted and often welcomed, it helps clarify scope and scoring priorities. Before acting on the deadline or award figures above, verify them directly on the official Grants.gov listing, amendments can change dates and amounts after this page was last refreshed.
Award Range
$500,000 -- $15,000,000
Close Date
August 18, 2022
Posted
June 23, 2022
Est. Total Funding
$1,738,000,000
Expected Awards
500
Instrument
Grant
Description
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.
Eligibility
Grants.gov lists this opportunity under eligibility category code 25. These codes correspond to applicant types (state/local government, tribal organization, nonprofit, educational institution, individual, small business, etc.) defined in Grants.gov's own eligibility reference. See the current Grants.gov eligibility categories or check the official listing below for this opportunity's exact eligibility statement.
Official Listing on Grants.gov
View full details, application forms, and submission instructions.
Agency Contact
CDFI Fund Help Desk (202) 653-0421
Key Dates
Frequently Asked Questions
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Disclaimer: This information is sourced from Grants.gov and SAM.gov and is for informational purposes only. Opportunity details, deadlines, and eligibility requirements change frequently. Always verify current information directly on Grants.gov before applying. PlainGrants is not affiliated with any federal agency.
Read our methodology - how this data is sourced, computed, and verified.
Related
| Publisher | PlainGrants |
| Sources | the SAM.gov Assistance Listings and Grants.gov |