Opportunity Information: Apply for CDFI 2025 FATA
The Fiscal Year 2025 CDFI Program is a discretionary federal grant opportunity run by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund. Its purpose is to strengthen the ability of Community Development Financial Institutions to serve communities that are typically underserved by mainstream finance. The program supports institutions that provide lending and financial services in eligible and target markets, which generally include low-income communities and other places and populations that face persistent gaps in access to capital.
The opportunity has two main funding tracks. First, the program offers Financial Assistance through Base-FA awards of up to $1,000,000. These awards are available to Certified CDFIs and are aimed at building financial capacity, particularly to increase lending and related financial services in the applicant's Eligible Markets and/or Target Markets. In practical terms, this type of funding is intended to help CDFIs grow and sustain their lending activity and strengthen their role as mission-driven financial intermediaries in the communities they are chartered to serve.
Second, the program offers Technical Assistance grants of up to $150,000. TA is designed to build organizational capacity, meaning it focuses on strengthening the internal operations and infrastructure needed for a CDFI to deliver services effectively. Unlike Base-FA, the TA component is open to both Certified CDFIs and Emerging CDFIs. This track is typically used for needs such as improving systems, staffing capacity, policies and procedures, strategic planning, compliance, risk management, technology upgrades, and other core operational capabilities that help an organization expand or professionalize its service delivery.
The agency lists the award instrument as a grant and categorizes the activity under community development. The CFDA/Assistance Listing number associated with the program is 21.020. The funding opportunity number is CDFI 2025 FATA, and it is published under the title Fiscal Year 2025 CDFI Program. The expected scale of the competition is large, with an estimated 495 awards anticipated. The maximum award ceiling shown is $1,000,000, which aligns with the Base-FA cap, while TA awards are capped at $150,000 as described in the program summary.
Key timing details include a creation/post date of January 16, 2025, and an original application closing date of February 18, 2025. Applicants are expected to rely on the FY 2025 Notice of Funds Availability (NOFA) posted on the CDFI Fund's website for the official requirements, including detailed eligibility rules, allowable uses of funds, application components, scoring or selection criteria, compliance obligations, and any program-specific definitions (including how Eligible Markets and Target Markets are determined for the purposes of this competition).Apply for CDFI 2025 FATA
- The Community Development Financial Institutions in the community development sector is offering a public funding opportunity titled "Fiscal Year 2025 CDFI Program" and is now available to receive applicants.
- Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 21.020.
- This funding opportunity was created on 2025-01-16.
- Applicants must submit their applications by 2025-02-18. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
- Each selected applicant is eligible to receive up to $1,000,000.00 in funding.
- The number of recipients for this funding is limited to 495 candidate(s).
- Eligible applicants include: Others.
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