The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 397 Community Development Financial Institutions (CDFIs) $204.1 million in awards.
The CDFI Fund awarded $142.8 million in Base-Financial Assistance and Technical Assistance awards to 357 organizations in 45 states, the District of Columbia and Puerto Rico. In addition to the Base-Financial Assistance awards, the CDFI Fund will also provide the following supplemental Financial Assistance awards:
- $22 million to 13 CDFIs through the Healthy Food Financing Initiative-Financial Assistance (HFFI-FA) awards, a supplemental program designed to encourage investments in businesses that provide healthy food options for communities;
- $4 million to 17 CDFIs through the Disability Funds-Financial Assistance (DF-FA) awards, a supplemental program designed to help CDFIs finance projects and services that will assist individuals with disabilities; and
- $18.5 million to 106 CDFIs through the Persistent Poverty Counties-Financial Assistance (PPC-FA) awards, which is a supplemental program designed to encourage investments in Persistent Poverty Counties nationwide.
The Native American CDFI Assistance (NACA) Program facilitates the creation and advancement of Native CDFIs, which are Certified CDFIs that must predominantly serve Native American, Alaska Native and/or Native Hawaiian communities. A diversity of institutions in various stages of development are supported by the NACA Program, including: organizations in the early planning stages of CDFI formation; tribal entities working to certify an existing lending program; and established Native CDFIs in need of further capacity building assistance. The CDFI Fund awarded $15.2 million in FY 2020 NACA Program Base-Financial Assistance and Technical Assistance awards to 40 organizations in 18 states. In addition, the CDFI Fund awarded $1.6 million in NACA Program PPC-FA awards to 11 Native CDFIs.
