CDFI Fund Opens $1.73 Billion Funding Round


The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has opened the funding round for the Equitable Recovery Program (fiscal year 2022). CDFI-designated credit unions have until Aug. 23 to apply.

About the CDFI Equitable Recovery Program
The CDFI Fund is making $1.73 billion available to help eligible financial institutions expand lending, provide grants, and make investments in low-to-moderate-income communities, including minority communities, that need better access to financial services and were disproportionately affected by the COVID-19 pandemic. Award funds may be expended for two types of eligible activities: financial products and services and operational support.

Click here for additional program information, including Notice of Funds Availability, eligibility criteria, and the application requirements, process, and timelines.

How to apply
All applicants must have active accounts with the federal government’s System for Award Management,, and the CDFI Fund’s Awards Management Information System.

Informational webinar
The CDFI Fund will host two informational webinars on the Equitable Recovery Program. Advance registration is not required.

Wednesday, June 29 
Dial: 888-603-8939
Conference: PWXW2800278
Passcode: 4460211

Thursday, July 7
Dial: 888-603-8939
Conference: PWXW2800278
Passcode: 4460211

If you have questions about this program, please contact the CDFI Fund at or the California and Nevada Credit Union Leagues Vice President of Social Impact Daniel West at

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