In September, the Community Development Financial Institutions Fund (CDFI Fund) announced the availability of up to $1.9 million in funding through the fiscal year (FY) 2022 round of the AmeriCorps CDFI Economic Mobility Corps (EMC), which is a joint initiative of the CDFI Fund and AmeriCorps that places full-time national service members in Certified Community Development Financial Institutions (CDFIs) to enhance their capacity to provide financial literacy, financial planning, budgeting, saving, and other financial counseling activities.
Organizations that are interested in applying for an EMC award are encouraged to review the FY 2022 AmeriCorps State and National Direct Grant Notice of Funding Opportunity (NOFO). Organizations must apply for an AmeriCorps State and National Direct Grant in order to participate in EMC. Applications are due to AmeriCorps by 5:00 p.m. Eastern Time on Wednesday, January 5, 2022.
To provide information about the EMC initiative and the application process, AmeriCorps and the CDFI Fund held an informational webinar on October 26, 2021. To access a recording of the webinar, click here.
For more information about EMC call (202) 606-7508 or email firstname.lastname@example.org. AmeriCorps offers live text chat at https://www.americorps.gov/contact.
About the CDFI Fund
Since its creation in 1994, the CDFI Fund has awarded more than $5.1 billion to CDFIs, community development organizations, and financial institutions through the Bank Enterprise Award Program, the Capital Magnet Fund, the Community Development Financial Institutions Program, the Financial Education and Counseling Pilot Program, and the Native American CDFI Assistance Program. In addition, the CDFI Fund has allocated $66 billion in tax credit allocation authority to Community Development Entities through the New Markets Tax Credit Program, and guaranteed bonds for over $1.8 billion through the CDFI Bond Guarantee Program. To learn more about the CDFI Fund and its programs, please visit the CDFI Fund’s website at https://www.cdfifund.gov/.
AmeriCorps, the federal agency for national service and volunteering, brings people together to tackle the country’s most pressing challenges. AmeriCorps members and AmeriCorps Seniors volunteers serve with organizations dedicated to the improvement of communities. AmeriCorps helps make service to others a cornerstone of our national culture. Learn more at https://www.americorps.gov/contact.