Assistance program
Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP)
$1.7 Billion committed in FY2023–FY2026
- Agency
- Community Development Financial Institutions, Treasury, Department of the
- Assistance
- Not Applicable
- CFDA number
- 21.033
- What it does
- To provide grants to Community Development Financial Institutions (CDFIs) for the following purposes: 1) to expand lending, grant making and investment activities in Low- or Moderate-Income communities and to borrowers that have historically experienced significant unmet capital and financial services needs and were disproportionately impacted by the COVID-19 pandemic; and 2) to enable CDFIs to build organizational capacity and acquire technology, staff, and other tools necessary to accomplish the activities under a CDFI ERP Award.
- Who benefits
- The CDFI ERP has been created to benefit low- to moderate-income communities and individuals that have historically experienced significant unmet capital and financial services needs and were disproportionately impacted by the COVID-19 pandemic. The CDFI Fund has designated specific COVID-impacted CDFI ERP-Eligible Geographies as areas that may benefit from CDFI ERP assistance. Additional beneficiaries may include low- or moderate-income minority communities, minorities, Persistent Poverty Counties, Native Areas, U.S. Territories, small businesses, small farms, nonprofits, and community development organizations.
- Who applies
- Only certified CDFIs are eligible to apply for CDFI ERP Awards. No Awards may be issued to Federal Government agencies, departments or instrumentalities, State governments, local governments or any agency or instrumentality thereof.
- Authorized by
- Public Law 116-260
- Program site
- http://www.cdfifund.gov/CDFIERP ↗
Committed by fiscal year
* FY2026 is year-to-date — the fiscal year is still in progress, so its total is still filling in. The striped band and dashed line mark that provisional stretch.
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