CDFI Fund Awards More than $1.7 Billion in Grants Through CDFI Equitable Recovery Program

Tuesday, April 11, 2023 - 10:00AM

The Community Development Financial Institutions (CDFI) Fund announced that it awarded more than $1.7 billion in grants to CDFIs across the nation as part of the CDFI Equitable Recovery Program (CDFI ERP). The funds are designed to allow certified CDFIs to expand lending, grant-making and investment in low- to moderate-income communities and to assist borrowers that have experienced disproportionate economic effects of COVID-19 and have significant unmet capital and financial services needs. The funds also are to catalyze growth in the financial and organizational capacity of CDFIs to carry out equable recovery activities. There are 603 recipients of the funding, headquartered in 44 states, the District of Columbia, Guam and Puerto Rico.

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