Opportunity Information: Apply for CDFI 2019 FATA
The Fiscal Year 2019 CDFI Program grant opportunity was a discretionary federal funding competition run by the US Department of the Treasury through the Community Development Financial Institutions (CDFI) Fund (CFDA 21.020). Its overall purpose was to strengthen the ability of mission-driven financial institutions to deliver credit and financial services in underserved communities, especially in areas that qualify as an applicant's Eligible Markets and/or Target Markets. In practical terms, the program was designed to help CDFIs expand lending and investment activity, improve internal capacity, and better serve communities that often face limited access to traditional financing.
The opportunity offered two main types of support. First, it provided Base Financial Assistance (Base-FA) awards of up to $1,000,000 for Certified CDFIs. These awards were intended to build the financial capacity of an already-certified institution so it could increase or improve lending and related financial services in the communities it is chartered or organized to serve. The emphasis here is on expanding the institution's ability to deploy capital, manage growth, and deepen its impact in Eligible Markets and/or Target Markets.
Second, it offered Technical Assistance (TA) grants of up to $125,000. TA funding was aimed at strengthening the organizational capacity of not only Certified CDFIs but also Certifiable and Emerging CDFIs. This category recognizes that some organizations may be earlier in their development or in the process of obtaining certification, and it supports work that helps them become more operationally prepared to serve their markets. While the listing does not detail allowable TA uses, the intent is clearly organizational capacity-building so these institutions can more effectively deliver products and services to underserved communities.
The CDFI Fund anticipated making a substantial number of awards under this round, with an estimated 265 awards expected. The published award ceiling for the opportunity was $1,000,000, matching the maximum Base-FA amount. The funding instrument type was a grant, and the activity category was Community Development, reflecting that the program is fundamentally about channeling resources into community-focused economic development through specialized financial institutions.
Key timing details were also specified. The opportunity was created on April 4, 2019, and the original application deadline was May 3, 2019. Eligibility was broadly listed as "Others," with a note that applicants needed to consult the official Notice of Funds Availability (NOFA) on the CDFI Fund's website for the precise eligibility rules and definitions. In general terms, the competition focused on Certified CDFIs for Base-FA and on Certified, Certifiable, and Emerging CDFIs for TA, with all applicants expected to demonstrate how requested funds would build capacity to serve Eligible Markets and/or Target Markets.Apply for CDFI 2019 FATA
- The US Department of the Treasury, Community Development Financial Institutions in the community development sector is offering a public funding opportunity titled "Fiscal Year 2019 CDFI Program" and is now available to receive applicants.
- Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 21.020.
- This funding opportunity was created on Apr 04, 2019.
- Applicants must submit their applications by May 03, 2019. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
- Each selected applicant is eligible to receive up to $1,000,000.00 in funding.
- The number of recipients for this funding is limited to 265 candidate(s).
- Eligible applicants include: Others (see text field entitled Additional Information on Eligibility for clarification).
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FY 2019 CDFI Program Grant Opportunity (CFDA 21.020) - FAQs
1. What is the Fiscal Year 2019 CDFI Program grant opportunity?
The FY 2019 CDFI Program was a discretionary federal funding competition administered by the U.S. Department of the Treasury through the Community Development Financial Institutions (CDFI) Fund (CFDA 21.020). The program was designed to strengthen mission-driven financial institutions so they could deliver credit and financial services in underserved communities, particularly in areas that qualify as an applicant's Eligible Markets and/or Target Markets.
2. What was the main purpose of the program?
The overall purpose was to increase the ability of CDFIs to serve underserved communities by expanding lending and investment activity, improving internal capacity, and supporting stronger delivery of financial products and services in Eligible Markets and/or Target Markets.
3. Which federal agency ran this opportunity?
The opportunity was run by the U.S. Department of the Treasury through the CDFI Fund.
4. What is CFDA 21.020?
CFDA 21.020 is the program listing identifier associated with this CDFI Program funding opportunity.
5. What types of funding were offered under this round?
Two main types of support were offered: Base Financial Assistance (Base-FA) awards and Technical Assistance (TA) grants.
6. What is Base Financial Assistance (Base-FA) under this opportunity?
Base-FA was financial assistance intended for Certified CDFIs to build their financial capacity so they could increase or improve lending and related financial services in the communities they are chartered or organized to serve, with an emphasis on Eligible Markets and/or Target Markets.
7. What was the maximum Base-FA award amount?
Base-FA awards were available up to $1,000,000.
8. Who was eligible to apply for Base-FA?
Base-FA was intended for Certified CDFIs.
9. What is the focus of Base-FA funding in practical terms?
Base-FA emphasized expanding the institution's ability to deploy capital, manage growth, and deepen impact, especially within the institution's Eligible Markets and/or Target Markets.
10. What is Technical Assistance (TA) funding under this opportunity?
TA was a grant designed to strengthen organizational capacity. It was aimed at helping institutions become more operationally prepared to serve their markets and deliver financial products and services in underserved communities.
11. What was the maximum TA grant amount?
TA grants were available up to $125,000.
12. Who was eligible to apply for TA?
TA funding was aimed at Certified CDFIs as well as Certifiable and Emerging CDFIs.
13. Did the opportunity specify exactly how TA funds could be used?
The information provided does not list specific allowable TA uses. It states that the intent of TA is organizational capacity-building so institutions can more effectively deliver products and services to underserved communities.
14. What was the award ceiling for the overall opportunity?
The published award ceiling was $1,000,000, which aligns with the maximum Base-FA award amount.
15. What type of funding instrument was used?
The funding instrument type for this opportunity was a grant.
16. What activity category did this opportunity fall under?
The activity category was Community Development, reflecting a focus on community-focused economic development through specialized financial institutions.
17. Approximately how many awards were expected to be made?
The CDFI Fund anticipated making an estimated 265 awards under this funding round.
18. When was the opportunity created?
The opportunity was created on April 4, 2019.
19. What was the application deadline?
The original application deadline was May 3, 2019.
20. How was eligibility described in the listing?
Eligibility was broadly listed as "Others," with a note that applicants needed to consult the official Notice of Funds Availability (NOFA) on the CDFI Fund's website for precise eligibility rules and definitions.
21. What should applicants consult for the official eligibility rules?
Applicants were instructed to consult the official NOFA on the CDFI Fund's website for detailed eligibility requirements and definitions.
22. What kinds of communities or geographies were prioritized?
The program emphasized service to underserved communities, especially areas that qualify as an applicant's Eligible Markets and/or Target Markets.
23. What did applicants generally need to demonstrate in their applications?
Applicants were expected to show how the requested funds would build capacity to serve their Eligible Markets and/or Target Markets.
24. Is this program limited to already-certified institutions?
It depends on the funding type. Base-FA was intended for Certified CDFIs, while TA funding was available to Certified, Certifiable, and Emerging CDFIs.
25. What was the program trying to improve within funded institutions?
Based on the program description, the goals included expanding lending and investment activity, improving internal capacity, and strengthening the ability of mission-driven institutions to deliver credit and financial services in underserved communities.
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