On Thursday, July 14, 2022, NCN hosted CDFI Fund Senior Advisor Daniel Aiello who provided an overview of the CDFI Equitable Recovery Program (CDFI ERP). The FY 2022 funding round recently opened for this program, which will provide approximately $1.73 billion in awards to Treasury-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 activities under a CDFI ERP Award. After presenting an overview of CDFI ERP Senior Advisor Aiello responded to questions from attendees. A copy of the FAQs for the program will be posted as soon as it is available.
Note: The application deadline for CDFI ERP funding has been extended to September 22, 2022. For more information about the CDFI ERP program, please click here.
A recording of the session in its entirety is below: