Assistance program
Emergency Capital Investment Program
$8.6 Billion committed in FY2022–FY2023
- Agency
- Departmental Offices, Treasury, Department of the
- Assistance
- Not Applicable
- CFDA number
- 21.030
- What it does
- Under the ECIP, Treasury invested $8,570,109,000 in capital directly in 175 credit unions, insured depository institutions, and bank or savings and loan holding companies that are certified Community Development Financial Institutions (CDFIs) or minority depository institutions (MDIs) to, among other things, provide loans, grants, and forbearance for small businesses, minority-owned businesses, and consumers, especially in low-income and underserved communities that may have been disproportionately impacted by the economic effects of the COVID-19 pandemic. The ECIP is not a grant program. The ECIP is a direct investment program comprising the purchase of preferred stock or subordinated debt instruments from eligible financial institutions. No new awards are being made but existing projects are still active.
- Who benefits
- Not Applicable
- Who applies
- Not Applicable
Committed by fiscal year
Top recipients
By dollars committed.
How to read these numbers
- Committed through this program
Money committed under this assistance listing (its CFDA program), counted in the year each action happened.
- How it's paid
Most programs pay out one way — a grant, or a direct payment to individuals; the flow bar only appears when a program genuinely mixes types.
- Some recipients aren't itemized
For entitlement programs like Social Security and Medicare, the government reports one aggregate instead of naming tens of millions of people, so the recipient roster isn't part of the public record.
- Awards, counted once
An award count is the number of distinct awards with at least one action that year — each counted once, however many times it was amended.
- The colored bars
Every bar on this page splits by how the money moves:
Direct payments