CDFI Fund Announces 2021 CDFI Program FA Awards

NEWS RELEASE FROM THE CDFI FUND, December 8, 2021

The CDFI Fund awarded 265 Community Development Financial Institutions (CDFIs) $180.3 million in Financial Assistance (FA) awards today. The awards, through the fiscal year (FY) 2021 round of the Community Development Financial Institutions Program (CDFI Program) and the Native American CDFI Assistance Program (NACA Program), will enable CDFIs to increase lending and investment activity in low-income and economically distressed communities.

“I am pleased to announce the FY 2021 CDFI Program and NACA Program Financial Assistance award recipients,” said CDFI Fund Director Jodie Harris. “This year’s awards will benefit a wide variety CDFIs dedicated to tackling issues of poverty and economic mobility in communities across the country.”

The financial institutions receiving the FY 2021 CDFI Program and NACA Program Financial Assistance awards this year include 149 loan funds, 67 credit unions, 44 depository institutions and holding companies, and five venture capital funds.

FA awards include the Base Financial Assistance (Base-FA) award and the following awards that are provided as a supplement to the Base-FA award: Healthy Food Financing Initiative-Financial Assistance (HFFI-FA), Persistent Poverty Counties-Financial Assistance (PPC-FA), and Disability Funds-Financial Assistance (DF-FA).