On September 27, the Community Development Financial Institutions Fund (CDFI Fund) awarded a total of $185.7 million in grants and loans to community development financial institutions (CDFIs) through its fiscal year (FY) 2016 rounds of the CDFI Program and NACA Program.

Through the CDFI Program, the CDFI Fund awarded $170.2 million in Financial Assistance (FA), Technical Assistance (TA), and Healthy Food Financing Initiative FA (HFFI-FA) awards to 158 organizations. Through the NACA Program, the CDFI Fund awarded $15.5 million in FA and TA to 38 organizations.

We would like to congratulate all recipients, especially OFN Members and Allies. Through the CDFI Program, 74 OFN Members received $103.6 million and seven OFN Allies received $3.85 million. Through the NACA Program, seven OFN Members received $5.8 million and one OFN Ally received $150,000.

For more in-depth information on the awards, click on the links below and view the OFN awards chart.

CDFI Program & NACA Program Awards

FY 2016 Awards

Total Amount Amount Received by OFN Members Percentage Received by OFN Members
FA/TA $148.2MM $83.5MM 56.3%
HFFI-FA $22MM $20.1MM 91.4%
NACA $15.5MM $5.8MM 37.4%
Total $185.7MM $109.4MM 58.4%



Make Headlines

Send us your CDFI news by email, or by tweet to @OppFinance.


Get updates on the latest CDFI news and information! View an archive of OFN's Blog Digest newsletter HERE.

Related Articles