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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| Funding Opportunity |
|---|
| Fiscal Year 2017 NACA Program Apply for CDFI 2017 NACA Funding Number: CDFI 2017 NACA Agency: Department of the Treasury, Community Development Financial Institutions Category: Community Development Funding Amount: $1,000,000 |
| Community Development Block Grant Program for Indian Tribes and Alaska Native Villages Apply for FR 6100 N 23 Funding Number: FR 6100 N 23 Agency: Department of Housing and Urban Development Category: Community Development Funding Amount: Case Dependent |
| Media Empowerment for a Democratic Sri Lanka (MEND) Activity Apply for SOL 383 17 000004 Funding Number: SOL 383 17 000004 Agency: Agency for International Development, Sri Lanka USAID-Colombo Category: Community Development Funding Amount: $6,000,000 |
| Sri Lanka Civil Society Program Apply for RFI 383 17 GVP CS Funding Number: RFI 383 17 GVP CS Agency: Agency for International Development, Sri Lanka USAID-Colombo Category: Community Development Funding Amount: $10,000,000 |
| Master Plan Abingdon VA to Elizabethton, TN Apply for P17AS00128 Funding Number: P17AS00128 Agency: Department of the Interior, National Park Service Category: Community Development Funding Amount: $11,500 |
| Strengthen Government through Civil Society Engagement Apply for PRMECON 17 GR 001 WHA 032017 Funding Number: PRMECON 17 GR 001 WHA 032017 Agency: Department of State, U.S. Mission to Costa Rica Category: Community Development Funding Amount: $500,000 |
| Complete Master Plan from Chesnee to Blacksburg Apply for P17AS00133 Funding Number: P17AS00133 Agency: Department of the Interior, National Park Service Category: Community Development Funding Amount: $5,000 |
| New Youth Development Activity Apply for RFA 176 17 000004 Funding Number: RFA 176 17 000004 Agency: Agency for International Development, Kazakhstan USAID-Almaty Category: Community Development Funding Amount: $5,000,000 |
| Planning and Due Diligence Support for the GGNRA Lands End Restaurant, Café and Public Restrooms Lease Apply for P17AS00337 Funding Number: P17AS00337 Agency: Department of the Interior, National Park Service Category: Community Development Funding Amount: $95,000 |
| Rural Housing Preservation Grant Apply for USDA RD HCFP HPG 2017 Funding Number: USDA RD HCFP HPG 2017 Agency: Department of Agriculture, Utilities Programs Category: Community Development Funding Amount: $50,000 |
| San Juan Island Youth Stewardship and Community Engagement Apply for P17AS00272 Funding Number: P17AS00272 Agency: Department of the Interior, National Park Service Category: Community Development Funding Amount: $95,280 |
| Fiscal Year 2017 Capital Magnet Fund Program Apply for CDFI 2017 CMF Funding Number: CDFI 2017 CMF Agency: Department of the Treasury, Community Development Financial Institutions Category: Community Development Funding Amount: $17,900,000 |
| Veterans Cemetery Grants Apply for VA GRANTS NCA FY2018 Funding Number: VA GRANTS NCA FY2018 Agency: Department of Veterans Affairs, VA National Cemetery Administration Category: Community Development Funding Amount: $45,000,000 |
| Capacity Building for Community Development and Affordable Housing Grants (Section 4) Apply for FR 6100 N 07 Funding Number: FR 6100 N 07 Agency: Department of Housing and Urban Development Category: Community Development Funding Amount: Case Dependent |
| YSEALI Seeds for the Future 2018 Apply for USMAS 17 YSEALI 002 Funding Number: USMAS 17 YSEALI 002 Agency: Department of State, Bureau of East Asian and Pacific Affairs Category: Community Development Funding Amount: $330,000 |
| Embassy Cotonou's Small-Grants Program Apply for 2017001 Funding Number: 2017001 Agency: Department of State, U.S. Mission to Benin Category: Community Development Funding Amount: $10,000 |
| FY2017 Implementation of Management Plan Apply for NPS DOIP17AC00764 Funding Number: NPS DOIP17AC00764 Agency: Department of the Interior, National Park Service Category: Community Development Funding Amount: $300,000 |
| Afro Entrepreneurship Mentoring Program Apply for SBR25017CA0005 Funding Number: SBR25017CA0005 Agency: Department of State, U.S. Mission to Brazil Category: Community Development Funding Amount: $60,000 |
| The Research and Evaluation, Demonstrations and Data Analysis and Utilization Program (HUDRD) Apply for FR 6100 N 29 Funding Number: FR 6100 N 29 Agency: Department of Housing and Urban Development Category: Community Development Funding Amount: $500,000 |
| Suffolk Sportsplex Water Access Project – Planning and Preliminary Design Apply for NPS 17 NERO 0164 Funding Number: NPS 17 NERO 0164 Agency: Department of the Interior, National Park Service Category: Community Development Funding Amount: $25,000 |
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