Financial Education and Counseling Pilot Program
Inactive
- Assistance listing
- 21.010
- Agency
-
Community Development Financial Institutions Fund
Department of the Treasury
- Grant awards
- 4 $4,150,000 in federal obligations
Program facts
- Also known as
- (FEC)
- Assistance type
-
- Project Grant
- Eligible applicants
-
- Profit organization
- Beneficiaries
-
- Other private institution/organization
- Private nonprofit institution/organization
Program details come from SAM.gov Assistance Listings. Updated . Grant award figures come from USAspending.gov.
About this program
The Department of the Treasury Community Development Financial Institutions Fund operates the Financial Education and Counseling Pilot Program (CFDA 21.010) to fund financial education and counseling services for prospective homebuyers and to identify program models that drive positive behavioral change in financial empowerment. No grant awards have been disbursed under this program since October 22, 2010—the program has been inactive for approximately 16 years.
The most recent grant activity consists of four Project Grants totaling $4.2 million in federal obligations, all awarded on the same date in October 2010. The largest award was $3.15 million; the others ranged from $200 thousand to $400 thousand. All four awards supported financial counseling services. The program shows no record of grant opportunities posted recently or of any award activity in the intervening 16 years.
The program is exclusively funded by the Treasury Community Development Financial Institutions Fund, which obligated all $4.2 million across all four awards. The assistance-type mix is homogeneous: all awards are structured as Project Grants.
Given the absence of any grant awards or posted opportunities since 2010, this program appears to be inactive or superseded. Organizations interested in federal funding for financial education and counseling should confirm current program status with the Treasury CDFI Fund before allocating resources to application development. The long dormancy between the 2010 awards and the present date suggests the program may no longer be accepting applications or that its functions have been consolidated into other Treasury initiatives or CDFI-related funding lines.
Objective and description
- Objective
To provide a range of financial education and counseling services to prospective homebuyers; to identify successful methods resulting in positive behavioral change for financial empowerment; and to establish program models for organizations to carry out effective counseling services.
Grant awards
| Award | Recipient | Federal obligations | Awarded |
|---|---|---|---|
| Financial counseling award | Council For Native Hawaiian Advancement | $3,150,000 | |
| Financial counseling award | Solitas House Inc. | $200,000 | |
| Financial counseling award | Homewise | $400,000 | |
| Financial counseling award | Greater Erie Community Action Committee | $400,000 |
Top recipients by federal obligations
| Rank | Recipient | Federal obligations | Share |
|---|---|---|---|
| 1 | Council For Native Hawaiian Advancement | $3,150,000 | 76% |
| 2 | Greater Erie Community Action Committee | $400,000 | 10% |
| 3 | Homewise | $400,000 | 10% |
| 4 | Solitas House Inc. | $200,000 | 5% |
Federal obligations by fiscal year
| Fiscal year | Federal obligations |
|---|---|
| FY2011 | $4,150,000 |
Quick answers
What is Assistance Listing 21.010?
Assistance Listing 21.010 is Financial Education and Counseling Pilot Program, a federal grant program run by Community Development Financial Institutions Fund (Department of the Treasury). It is inactive.
What is the CFDA number for Financial Education and Counseling Pilot Program?
Its CFDA number is 21.010: Assistance Listing numbers were called CFDA numbers before 2018.
How much funding has Assistance Listing 21.010 awarded?
4 grant awards under 21.010 have obligated $4,150,000 in federal funds to 4 recipients.
Who receives the most funding from 21.010?
The recipients obligated the most under Financial Education and Counseling Pilot Program are Council For Native Hawaiian Advancement ($3,150,000), Greater Erie Community Action Committee ($400,000) and Homewise ($400,000).
On GovTribe
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