Transcription of CDFI PROGRAM AWARD BOOK
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CDFI PROGRAM AWARD BOOK
CDFI PROGRAM . AWARD BOOK. FY 2021. The CDFI Fund is an equal opportunity provider. COMMUNITY DEVELOPMENT THE CDFI PROGRAM PROVIDES BOTH FINANCIAL ASSISTANCE. AND TECHNICAL ASSISTANCE AWARDS: FINANCIAL INSTITUTIONS Financial Assistance (Base-FA) awards of up to $1 million allow CDFIs to sustain and expand their financial products and services. CDFIs that qualify for Base-FA funding must match this AWARD with funds from a non-federal source. PROGRAM Base-FA awards can be used for lending capital, loan loss reserves, capital reserves, financial services, and development services to achieve at least one of the following FA objectives: Increase volume of products or services Provide new products or services Access to affordable financial products and services Expand operations into new geographic areas is a staple of economically sound communities.
For the fiscal year (FY) 2021 funding round of the CDFI Program, the CDFI Fund . received applications from 420 organizations requesting $366.1 million in . Financial Assistance (Base-FA) awards. Of those applicants, 316 Core applicants requested $304.7 million in awards, and 104 Small and/or Emerging CDFI (SECA)
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