Treasury

CDFI Fund Financial Assistance Awards

Competitive Financial Assistance (FA) awards for Certified CDFIs to expand affordable financial products and services in low-income and underserved communities. FA can be provided as loans, grants, equity investments, deposits, and credit union shares, and must be matched dollar-for-dollar with non-federal funds. The CDFI Program also offers Technical Assistance (TA) grants to build organizational capacity, and supplemental Healthy Food Financing Initiative (HFFI) FA awards for CDFIs expanding healthy food financing activities.

Type: Grant Amount: Not specified on program page; see NOFA Deadline: See NOFA for current deadlines Location: United States

SSBCI: The $10 Billion Federal Boost for Small Businesses

A massive federal program that gives money to states to fund small business loans and venture capital investments.

Type: Funding Amount: Loans up to $5M+ | VC Investments up to $20M Deadline: Rolling (Varies by State) Location: United States, District of Columbia, U.S. Territories and Tribal Governments

Treasury New Markets Tax Credit Program

Permits individual and corporate investors to receive a federal income tax credit in exchange for making equity investments in certified Community Development Entities that finance projects in low-income communities.

Type: Tax Credit Amount: 39% federal tax credit claimed over seven years on qualified equity investments Deadline: Annual CDFI Fund allocation application window (varies each year) Location: United States