Credit unions designated as Community Development Financial Institutions have until August 23, 2022 to apply for grants under the CDFI Fund’s Equitable Recovery Program.
The CDFI Fund is making $1.73 billion available to help eligible financial institutions expand lending, provide grants, and make investments in low-to-moderate-income communities, including minority communities, that need better access to financial services and were disproportionately affected by the COVID-19 pandemic. Award funds may be expended for two types of eligible activities: financial products and services and operational support.
The CDFI Fund website has a dedicated page with information on this program, including a link to the Notice of Funds Availability, eligibility criteria, and the application requirements, process, and timelines.
Please contact the CDFI Fund with questions about this program at email@example.com or 202-653-0421.