CDFI PROGRAM AWARD BOOK

1 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.

2 Yet at Service new targeted populations least one quarter of American households do not have bank accounts or rely on costly payday lenders and The FY 2021 application emphasized the extent of economic distress in the check-cashing outlets. In recent years, the lack of areas CDFIs are serving; the extent to which their activities have expanded, or will expand, economic opportunities; and the extent to which CDFIs will access to capital investments for small businesses and collaborate with their communities and increase their resources through collaborations and partnerships. other critical community development projects has also led to increased need for alternative and reliable Technical Assistance (TA) awards of up to $125,000 are used for capacity sources of financing.

3 Development that is integral to CDFIs' organizational sustainability and success. CDFIs often use these awards to purchase equipment, hire Mission-driven organizations called Community consulting or contracting services, pay salaries and benefits, or train staff or board members. Development Financial Institutions or CDFIs fill these gaps by offering affordable financial products The CDFI PROGRAM also administers the Persistent Poverty Counties- and services that meet the unique needs of Financial Assistance (PPC-FA), Disability Funds-Financial Assistance (DF-FA), and Healthy Food Financing Initiative-Financial Assistance economically underserved communities.

4 Through (HFFI-FA) awards. These initiatives serve as supplemental funding awards and trainings, the Community Development opportunities under the CDFI PROGRAM and Native American CDFI Assistance PROGRAM for eligible CDFIs that receive Base-FA awards. Financial Institutions PROGRAM (CDFI PROGRAM ). invests in and builds the capacity of CDFIs, empowering them to grow, achieve organizational sustainability, and contribute to the revitalization of their communities. CDFI PROGRAM AWARD BOOK. KEY STATISTICS OF AWARDED. ORGANIZ ATIONS. (FA AND TA AWARDS COMBINED): 422 ORGANIZATIONS RECEIVED. $ MILLION IN AWARDS. 210 LOAN FUNDS, 159 CREDIT. UNIONS, 47 BANKS/HOLDING.

5 COMPANIES, AND 6 VENTURE. CAPITAL FUNDS RECEIVED AWARDS. THE ORGANIZATIONS. AWARDED WERE. HEADQUARTERED IN. 43 STATES, THE. DISTRICT OF COLUMBIA, AND PUERTO RICO. CDFI PROGRAM AWARD BOOK. FINANCIAL ASSISTANCE. AWARD HIGHLIGHTS: - FY 2021 FINANCIAL ASSISTANCE AWARDS FIRST TIME AWARDEES. AWA. KEY STATISTICS OF FY 2021 BASE FINANCIAL ASSISTANCE. INSTITUTION TYPE # AWARDED $ AWARDED. APPLICANTS. Banks/Bank Holding Companies 13 $ million Credit Unions 2 $ million For the fiscal year (FY) 2021 funding round of the CDFI PROGRAM , the CDFI Fund received applications from 420 organizations requesting $ million in Financial Assistance (Base-FA) awards.

6 Of those applicants, 316 Core applicants requested $ million in awards, and 104 Small and/or emerging CDFI (SECA). applicants requested $ million in awards. FY 2021 FINANCIAL ASSISTANCE AWARDS. FINANCIAL ASSISTANCE OBJECTIVES**. ACTIVITY TYPE # AWARDED % OF TOTAL. KEY STATISTICS OF FY 2021 BASE FINANCIAL ASSISTANCE. Increase Volume of Products AWARDEES 183 74%. and Services Provide New Products Total number of awards - 248 CDFIs received awards 55 22%. and Services Expand into New Total Base-FA amount awarded - $ million 15 6%. Geographic Areas Serve New Targeted Populations 2 1%. The organizations are headquartered in 40 states, the District of Columbia, and Puerto Rico Type of organizations receiving awards Loan Funds - 134.

7 Credit Unions - 67. B anks/Bank Holding Companies - 42 LOANS AS MATCHING FUNDS. Venture Capital Funds - 5 The CDFI Fund matches all eligible loans provided as non-Federal matching funds with a standard loan product under the Base-FA component. The standard loan Type of AWARD product is a fixed-rate, 13-year loan with interest-only payments in years one through ten, Core - 180 awards totaling $ million providing essential low-cost, long-term capital to CDFIs. With a subsidy rate of S ECA - 68 awards totaling $ million percent, the CDFI PROGRAM is helping the federal government to stretch its resources even further. Geographic Markets*: Major Urban - 105.

8 Micropolitan - 9 FA Core Awardees: Grants vs. Loan Awards Minor Urban - 70 Total Grants $ million Rural - 63 Total Loans $ million CDFI PROGRAM AWARD BOOK. *One awardee did not specify a geographic market. **Totals more than the actual number of awardees; awardees can select more than one Financial Assistance Objective. THE F Y 2021 FA AWARDEES OPER ATE IN ALL 50 STATES DISABILITY FUNDS. The CDFI Fund received applications from 24 organizations requesting $ million in Disability Funds-Financial Assistance (DF-FA). KEY STATISTICS OF FY 2021 DF-FA AWARDEES: 14 organizations received $6 million in awards. Awardees consisted of 10 loan funds, 2 bank/bank holding companies, and 2 credit unions.

9 8 awardees primarily serve major urban markets, 1 primarily serves a micropolitan area, 3 primarily serve minor urban markets, and 2 primarily serve rural markets. DF-FA awardees will use the funds to enhance their capacity to address the challenges of individuals with disabilities, such as: asset development;. affordable, accessible, and safe housing; employment opportunities; or 21-40 access to assistive products and services that support health and community 41-60 living. 60 +. Combined, the FY 2021 CDFI PROGRAM Financial Assistance awardees operate in all 50 states, the District of Columbia, American Samoa, Guam, HEALTHY FOOD FINANCING INITIATIVE.

10 Northern Mariana Islands, Puerto Rico, and the Virgin Islands. This coverage includes their certified Target Markets as well as their other areas The CDFI Fund received applications from 26 organizations requesting of operation. The above map illustrates the number of awardees operating $ million in Healthy Food Financing Initiative-Financial Assistance in each state. Combined, the FY 2021 Financial Assistance awardees have (HFFI-FA). a total of $ billion invested in the 50 states and the District of Columbia and $ billion invested in the territories. KEY STATISTICS OF FY 2021 HFFI-FA AWARDEES: 10 organizations received $23 million in awards.