CDFI Fund Announces FY 2021 Financial Assistance Awards
J.K. Phenix
On December 8, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 265 organizations $180.3 million in Financial Assistance (FA) awards for the fiscal year (FY) 2021 Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program). Specifically, 131 OFN members received more than $104 million in FA awards.
OFN congratulates all the recipients, especially the following OFN members:
- Access Plus Capital
- Accessity
- Accion Opportunity Fund
- Accompany Capital
- ACT! Albany Community Together, Inc.
- AEDC
- Affordable Homes of South Texas, Inc.
- African Development Center
- African Economic Development Solutions
- Akiptan
- Allies for Community Business
- AltCap
- Appalachian Growth Capital LLC
- Atlanta Neighborhood Development Partnership
- Bankable
- BCL of Texas
- Black Business Investment Fund
- BlueHub Loan Fund, Inc.
- BOC Capital Corp
- Brooklyn Alliance Capital, Inc.
- Business Impact NW
- California FarmLink
- Capital for Change
- Century Housing Corporation
- Charter Schools Development Corporation
- Cincinnati Development Fund, Inc.
- Citizen Potawatomi Community Development Corporation
- City First Enterprises
- Cleveland Development Advisors Community Reinvestment Fund
- Colorado Enterprise Fund
- Community First Fund
- Community Health Center Capital Fund, Inc.
- Community Housing Capital
- Community Investment Corporation
- Community Loan Fund of the Capital Region, Inc.
- Community Ventures Corporation, Inc.
- Community Vision Capital and Consulting
- CommunityWorks Carolina
- Cook Inlet Lending Center, Inc.
- Cooperative Business Assistance Corporation
- Craft3
- Economic and Community Development Institute (ECDI)
- Enterprise Community Loan Fund, Inc.
- Entrepreneur Fund, Inc.
- Entrepreneur Works
- Fahe
- First American Capital Corporation
- Florida Community Loan Fund, Inc.
- Forward Community Investments
- Genesis Fund, Inc.
- Genesis LA
- Grameen America
- Great Falls Development Authority, Inc.
- Greater Minnesota Housing Fund
- Greenwood Archer Capital
- Grow America Fund
- Growth Partners Arizona
- Homewise, Inc.
- Hope Enterprise Corporation
- Housing Assistance Council
- Housing Development Fund, Inc.
- Housing Partnership Network, Inc.
- Housing Trust Silicon Valley
- IFF
- Impact Seven, Inc.
- IMPACTO Fund, Inc.
- Indian Land Capital Company
- Indianapolis Neighborhood Housing Partnership, Inc.
- JARI Growth Fund, Inc.
- Just Community
- justine PETERSEN
- Kentucky Highlands Investment Corporation
- Lake Superior Community Development Corp
- Latino Community Credit Union
- Latino Economic Development Center (MN)
- Latino Economic Development Corporation (LEDC) (DC)
- LHOME CDFI
- Local Enterprise Assistance Fund
- Local Government Federal Credit Union
- Local Initiatives Support Corporation (LISC)
- Low Income Investment Fund
- Lower East Side People’s Federal Credit Union
- Lummi Community Development Financial Institution
- Miami Bayside Foundation Inc.
- Micro Enterprise Services of Oregon
- Midwest Housing Development Fund, Inc.
- Mill Cities Community Investments
- Mission Community Loan Fund LLC
- MoFi
- NACDC Financial Services, Inc.
- National Association of Latino Community Asset Builders (NALCAB)
- National Community Investment Fund
- Native360 Loan Fund, Inc.
- NeighborWorks Columbus
- Network for Oregon Affordable Housing
- New Hampshire Community Loan Fund, Inc.
- Nonprofit Finance Fund
- North Alabama Revolving Loan Fund, LLC
- Northwest Access Fund
- Northwest Native Development Fund (NNDF)
- Ohio Capital Finance Corporation
- One Detroit Credit Union
- Opportunities Credit Union
- Oweesta Corporation
- Partners for the Common Good
- Pathway Lending
- People Trust
- People, Inc. Financial Services
- PeopleFund
- Piedmont Business Capital
- Prestamos CDFI, LLC
- Reinvestment Fund
- Renaissance Economic Development Corporation
- River City Capital Investment Corp.
- ROC USA Capital
- Rural Community Assistance Corporation
- Santa Cruz Community Credit Union
- Seed Commons
- Self-Help Federal Credit Union
- Southeast Kentucky Economic Development Corporation
- TCHFH Lending, Inc.
- The Disability Opportunity Fund
- The San Francisco Housing Accelerator Fund
- Union County Economic Development Corporation
- Ventana Fund
- Ventura County Community Development Corporation
- Vermont Community Loan Fund, Inc.
- Virginia Community Capital
- Wind River Development Fund
- Wisconsin Native Loan Fund, Inc.
- WomenVenture
Earlier this year, the CDFI Fund announced FY 2021 Technical Assistance (TA) awards for the CDFI program and NACA program. Both TA and FA awards come from the $270 million the CDFI Fund received for FY 2021. This funding is in addition to the record breaking $1.25 billion in Rapid Response Program grants the CDFI Fund awarded in June.
Congress has not yet reached an agreement for FY 2022 appropriations. Earlier this year, House and Senate appropriators released their FY 2022 Financial Services and General Government (FSGG) funding bills. The House-passed FSGG bill provides $330 million for the CDFI Fund while the Senate bill recommends $360 million with additional funding for Financial and Technical Assistance (FA/TA) grants, Native American CDFI Assistance (NACA) grants, Bank Enterprise Awards, and administrative costs. While next year’s appropriations levels have yet to be adopted, lawmakers passed a continuing resolution (CR) to fund the government through February 18, 2022, to avert a government shutdown.
OFN continues to advocate for at least $1 billion in appropriations for the CDFI Fund in the final FY 2022 funding bill.