CDFI Fund Opens Funding Round for CDFI Rapid Response Program
The Community Development Financial Institutions (CDFI) Fund today opened the fiscal year 2021 funding round for the CDFI Rapid Response Program (CDFI RRP). The program, which is authorized by The Coronavirus Response and Relief Supplemental Appropriations Act of 2021, will provide $1.25 billion to CDFIs to help their communities respond to the economic hardships created by the COVID-19 pandemic. All applications must be submitted to the CDFI Fund by March 25, 2021.
Novogradac CDFI service professionals are available to assist CDFIs in applying for RRP grants up to $5 million to support, prepare for and respond to the economic impacts of the COVID-19 pandemic.