Opportunity Information: Apply for CDFI 2017 FATA
The Fiscal Year 2017 CDFI Program grant opportunity is a discretionary funding program run by the U.S. Department of the Treasury through the Community Development Financial Institutions (CDFI) Fund. Its core purpose is to strengthen mission-driven financial institutions that provide responsible financial products and services in underserved communities, referred to as Target Markets. The program is designed to increase the ability of these institutions to deliver credit, capital, and financial services where conventional markets often fall short, supporting community development outcomes through more robust local lending and investment capacity.
This opportunity offers two primary types of support: Financial Assistance (FA) and Technical Assistance (TA). Financial Assistance awards are available in amounts up to $2,000,000 and are intended for organizations that are already Certified CDFIs. The emphasis of FA is on building the financial strength and capacity of certified institutions so they can expand lending and related financial activity in their Target Markets. In practical terms, FA funding is generally aimed at helping a CDFI increase its ability to deploy capital, grow its loan portfolio, and better meet the financing needs of individuals, small businesses, affordable housing efforts, and community facilities within eligible communities.
Technical Assistance grants are available in amounts up to $125,000 and focus on organizational capacity rather than direct lending capital. TA funding is designed to help Certified, Certifiable, and Emerging CDFIs improve their internal systems and overall readiness to serve Target Markets effectively. This can include strengthening governance, financial management, staffing, technology, risk management, compliance, product development, strategic planning, and other operational areas that enable an institution to operate sustainably and scale its impact over time. The inclusion of Certifiable and Emerging CDFIs signals that the program is not only supporting established organizations, but also helping newer or developing institutions build the foundational capacity needed to become fully effective community development lenders.
The opportunity is listed under the Community Development funding activity category and is associated with CFDA number 21.020. The funding instrument is a grant, and the program anticipated a relatively large number of awards, with an expected total of 262 awards. The funding opportunity was created on February 23, 2017, with an original application closing date of March 25, 2017, indicating a competitive application window typical of federal discretionary programs.
Eligibility is summarized broadly as "Others," with applicants directed to review the official Notice of Funding Availability (NOFA) for specific eligibility rules and requirements. In general, the description makes clear that FA is tied to Certified CDFIs, while TA is open to a wider set that includes Certified, Certifiable, and Emerging CDFIs. The NOFA on the CDFI Fund website is the controlling document for details such as applicant definitions, qualifying criteria, permissible uses of funds, application components, matching or leveraging expectations (if any), compliance obligations, and evaluation factors used to score and select awardees.
Overall, the FY 2017 CDFI Program opportunity can be understood as a two-track federal investment in the CDFI sector: one track provides substantial capital support to already-certified institutions to increase lending and financial activity in underserved markets, and the other provides smaller, capacity-building grants to help organizations improve their infrastructure and readiness to serve those markets effectively.Apply for CDFI 2017 FATA
- The Department of the Treasury, Community Development Financial Institutions in the community development sector is offering a public funding opportunity titled "Fiscal Year 2017 CDFI Program" and is now available to receive applicants.
- Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 21.020.
- This funding opportunity was created on Feb 23, 2017.
- Applicants must submit their applications by Mar 25, 2017. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
- Each selected applicant is eligible to receive up to $2,000,000.00 in funding.
- The number of recipients for this funding is limited to 262 candidate(s).
- Eligible applicants include: Others (see text field entitled Additional Information on Eligibility for clarification).
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FY 2017 CDFI Program (CDFI Fund) - Frequently Asked Questions (FAQs)
1) What is the FY 2017 CDFI Program grant opportunity?
The Fiscal Year 2017 CDFI Program is a discretionary grant program run by the U.S. Department of the Treasury through the Community Development Financial Institutions (CDFI) Fund. It is designed to strengthen mission-driven financial institutions that provide responsible financial products and services in underserved communities (called Target Markets).
2) What is the main purpose of this program?
The program exists to increase the ability of mission-driven financial institutions to deliver credit, capital, and financial services in Target Markets where conventional markets often fall short. The goal is to support community development outcomes by building stronger local lending and investment capacity.
3) Who administers this opportunity?
This opportunity is administered by the U.S. Department of the Treasury, through the Community Development Financial Institutions (CDFI) Fund.
4) What types of awards are available under this opportunity?
There are two primary types of support:
- Financial Assistance (FA)
- Technical Assistance (TA)
5) What is Financial Assistance (FA) intended to support?
FA is intended to build the financial strength and capacity of already Certified CDFIs so they can expand lending and related financial activity in their Target Markets. In practical terms, FA is generally aimed at increasing a CDFI's ability to deploy capital, grow its loan portfolio, and better meet financing needs tied to community development.
6) What is the maximum Financial Assistance (FA) award amount?
FA awards are available in amounts up to $2,000,000.
7) Who is eligible to apply for Financial Assistance (FA)?
Based on the provided information, FA is intended for organizations that are already Certified CDFIs.
8) What is Technical Assistance (TA) intended to support?
TA focuses on organizational capacity rather than direct lending capital. It is intended to help organizations improve internal systems and readiness to serve Target Markets effectively. Examples of capacity areas mentioned include governance, financial management, staffing, technology, risk management, compliance, product development, strategic planning, and other operational improvements that support sustainable operations and the ability to scale impact over time.
9) What is the maximum Technical Assistance (TA) award amount?
TA grants are available in amounts up to $125,000.
10) Who is eligible to apply for Technical Assistance (TA)?
Based on the provided information, TA is open to a wider set of applicants, including Certified, Certifiable, and Emerging CDFIs.
11) What are Target Markets in the context of this program?
Target Markets are underserved communities where conventional financial markets often do not meet local needs. The program is structured to help institutions deliver responsible financial products and services within these communities.
12) What kinds of community development activities does FA typically help expand?
The description indicates FA supports a CDFI's ability to expand lending and related financial activity in Target Markets. Examples mentioned include financing needs tied to individuals, small businesses, affordable housing efforts, and community facilities within eligible communities.
13) Is this opportunity a grant or another type of funding instrument?
The funding instrument listed for this opportunity is a grant.
14) What funding activity category is this opportunity associated with?
The opportunity is listed under the Community Development funding activity category.
15) What is the CFDA number for this program?
The opportunity is associated with CFDA 21.020.
16) How many awards were expected under this opportunity?
The program anticipated a relatively large number of awards, with an expected total of 262 awards.
17) When was the funding opportunity created?
The funding opportunity was created on February 23, 2017.
18) What was the original application closing date?
The original application closing date was March 25, 2017.
19) Where should applicants look for the official eligibility rules and requirements?
Applicants are directed to review the official Notice of Funding Availability (NOFA) on the CDFI Fund website. The NOFA is described as the controlling document for details such as eligibility rules, definitions, qualifying criteria, permissible uses of funds, application components, and selection factors.
20) Why is the NOFA considered the controlling document?
Because it contains the specific requirements and details that govern the program, including applicant definitions, qualifying criteria, allowable uses of funds, application components, any matching or leveraging expectations (if applicable), compliance obligations, and the evaluation factors used to score and select awardees.
21) Does the listing provide detailed eligibility beyond the general categories?
Eligibility is summarized broadly as "Others," and applicants are directed to the NOFA for the specific rules. The description does, however, clearly distinguish that FA is tied to Certified CDFIs, while TA is open to Certified, Certifiable, and Emerging CDFIs.
22) How should this opportunity be understood at a high level?
The program is described as a two-track federal investment in the CDFI sector:
- FA: provides substantial capital support to already-certified institutions to increase lending and financial activity in underserved markets.
- TA: provides smaller capacity-building grants to help organizations improve infrastructure and readiness to serve those markets effectively.
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