June 23, 2022

CDFI Fund: Apply Now for the Brand New CDFI Equitable Recovery Program

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2022 funding round for the CDFI Equitable Recovery Program (CDFI ERP) today. The program will provide approximately $1.73 billion in awards, which was included in the Consolidated Appropriations Act, 2021 (Pub. L. 116-260), to Certified Community Development Financial Institutions (CDFIs) to respond to the economic impact of the COVID-19 pandemic. The CDFI Fund is opening the program round for applications today in anticipation of publication of the Notice of Funds Availability (NOFA) in the Federal Register on June 24, 2022. 

Through CDFI ERP, the CDFI Fund will provide Awards to Certified CDFIs to 1) expand lending, grant making and investment activities in Low- or Moderate-Income communities and to borrowers, including minorities, that have significant unmet capital or financial services needs and were disproportionately impacted by the COVID-19 pandemic; and 2) enable CDFIs to build organizational capacity and acquire technology, staff, and other tools necessary to accomplish the activities under a CDFI ERP Award. All Awards provided through this NOFA are subject to funding availability. The CDFI ERP Award may be expended for eligible activities such as financial products, financial services, development services and/or grants, and certain operational support activities as defined by the NOFA. 

All applications must be submitted to the CDFI Fund by August 23, 2022. Review the NOFA for additional program details. 

Please see below for guidance on how to apply to the CDFI ERP. 


Organizations eligible to apply for a CDFI ERP Award will be limited to CDFIs that:

Application Materials

Reference copies of the CDFI ERP NOFA and all application materials can be found on the CDFI ERPpage on the CDFI Fund’s website. 

Applicants are strongly encouraged to read and view all application materials, including the NOFA, application guidance, webinars, and presentations.

Application Webinars

The CDFI Fund is conducting two live webinars to provide guidance to applicants about the FY 2022 CDFI ERP application and to answer applicant questions. Please review the CDFI ERP webpage for the dates, times, and access information for each webinar. Advance registration is not required for the webinars.

Required Application Systems

All applicants must be registered and have active accounts in SAM.govGrants.gov, and the CDFI Fund’s Awards Management Information System (AMIS) to apply for funding, or they will be unable to submit an application. All applicants are also required to have the correct Employer Identification Number and Unique Entity Identifier number attached to the relevant SAM.gov and AMIS accounts by July 26, 2022. As soon as possible, organizations should either create these accounts if they don’t exist, or confirm that their existing accounts are up-to-date, in order to avoid potential application submission problems. Detailed information is available in the FY 2022 CDFI ERP NOFA.


Please see the NOFA for more information on submitting the CDFI ERP application.


Contact the CDFI Fund with questions by submitting a Service Request through your AMIS account, by e-mail to erp@cdfi.treas.gov, or by phone to (202) 653-0421 (please note this is not a toll free number). 

To learn more about the CDFI Fund and its programs, please visit www.cdfifund.gov.

This post was originally published here.