Breaking News: Your input needed on the CDFI Equitable Recovery Program (ERP) eligibility requirements.

On June 23, 2022, the Community Development Financial Institutions Fund (CDFI Fund) announced the opening of the FY 2022 CDFI Equitable Recovery Program (ERP) round with the public release of a Notice of Funds Availability (NOFA). The NOFA set forth the deadline for submitting the FY 2022 CDFI ERP Application via the CDFI Fund’s Award Management Information System (AMIS) as 11:59 p.m. Eastern Time on September 23, 2022. For more information about the program and application click here.

To determine eligibility, a CDFI must first complete a Pre-Application Eligibility Questionnaire.

NCN is seeking your input on the two EPR eligibility criteria that include: 

  1. At least 30% of the prospective Applicant’s average annual Financial Products closed and Grants made (dollar volume and number of transactions) in the five most recent historic fiscal years must have been closed in ERP Eligible Geographies. To view a map of these eligible geographies, click here.
  2. The prospective Applicant must have audited financial statements for its two most recent historic fiscal years.

Click here to answer 5 questions about how your CDFI is affected by the ERP eligibility criteria. Please respond by 12:00pm ET, Friday, August 5th.