Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP)
Inactive
- Assistance listing
- 21.033
- Agency
-
Community Development Financial Institutions Fund
Department of the Treasury
- Grant awards
- 604 $1,718,663,335 in federal obligations
Program facts
- Assistance type
-
- Project Grant
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 awarded 604 Project Grants totaling $1.72 billion on April 10, 2023, under the Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP, CFDA 21.033).
The program funds certified CDFIs (defined as for-profit organizations, private nonprofits, and other private institutions under 12 C.F.R. 1805) to expand lending, grant making, and investment activities in low- or moderate-income communities and to borrowers disproportionately impacted by the COVID-19 pandemic. Eligible activities include financial products, financial services, development services, grants, loan loss reserves, and capital reserves addressing unemployment, childcare, healthcare, mental healthcare, affordable housing, affordable housing finance, small business, small farms, broadband internet, and food sufficiency. Recipients may also use funds for staff compensation, fringe benefits, professional services, travel, training, equipment, and supplies to build organizational capacity and acquire technology.
The program is exclusively a Project Grant vehicle; all 604 awards in the recent portfolio employed this assistance type. All funding derives from the Department of the Treasury Community Development Financial Institutions Fund.
Representative recent awards include Project Grant 22ERP061380G ($4,957,678), Project Grant 22ERP061272G ($4,957,678), Project Grant 22ERP060855G ($4,957,678), and several others at comparable scales. Award magnitudes span a wide range, from $500,000 to approximately $4.96 million, with many awards in the $2.5–$4 million band. Completion dates extend through June 2028 to March 2029.
No recent grant opportunities are currently posted for this program. The most recent award cohort closed in April 2023. This program operated as a one-time pandemic-recovery initiative; no solicitation data indicates an active call for applications or pending deadline.
Objective and description
- Objective
To provide grants to Community Development Financial Institutions (CDFIs) for the following purposes: 1) to expand lending, grant making and investment activities in Low- or Moderate-Income communities and to borrowers that have historically experien
Grant awards
Latest 10 of 604 listed here. See the rest on GovTribe.
Top recipients by federal obligations
| Rank | Recipient | Federal obligations | Share |
|---|---|---|---|
| 1 | Citizens Bank | $6,197,097 | <1% |
| 2 | Bank Of Vernon | $6,197,097 | <1% |
| 3 | Midwest Housing Development Fund, Inc. | $6,197,097 | <1% |
| 4 | Justine Petersen Housing And Reinvestment Corporation | $6,197,097 | <1% |
| 5 | Bankfirst Financial Services | $6,197,097 | <1% |
| 6 | Cooperativa De Ahorro Y Credito De Santa Isabel | $6,197,097 | <1% |
| 7 | Raza Development Fund Inc. | $6,197,097 | <1% |
| 8 | The First Bank | $6,197,097 | <1% |
| 9 | The Community Development Trust, LP | $6,197,097 | <1% |
| 10 | BOC Capital Corp. | $6,197,097 | <1% |
10 of 604 recipients listed here. See the rest on GovTribe.
Federal obligations by fiscal year
| Fiscal year | Federal obligations |
|---|---|
| FY2026 | -$4,061,007 |
| FY2025 | -$4,839,129 |
| FY2023 | $1,727,563,471 |
Quick answers
What is Assistance Listing 21.033?
Assistance Listing 21.033 is Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP), a federal grant program run by Community Development Financial Institutions Fund (Department of the Treasury). It is inactive.
What is the CFDA number for Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP)?
Its CFDA number is 21.033: Assistance Listing numbers were called CFDA numbers before 2018.
How much funding has Assistance Listing 21.033 awarded?
604 grant awards under 21.033 have obligated $1,718,663,335 in federal funds to 604 recipients.
Who receives the most funding from 21.033?
The recipients obligated the most under Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) are Citizens Bank ($6,197,097), Bank Of Vernon ($6,197,097) and Midwest Housing Development Fund, Inc. ($6,197,097).
How much did 21.033 obligate in fiscal year 2025?
Grants under 21.033 obligated -$4,839,129 in federal funds in fiscal year 2025.
On GovTribe
See this program's full record
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