Fiscal Year 2024 CDFI Program

The Fiscal Year 2024 CDFI Program provides funding to Certified Community Development Financial Institutions (CDFIs) to build their financial capacity to lend to their Eligible Markets and/or Target Markets. The program also provides Technical Assistance (TA) grants to build Certified and Emerging CDFIs’ organizational capacity to serve their Eligible Markets and/or Target Markets. The program has two components: Base-FA awards of up to $2 million and TA grants of up to $300,000. • The program aims to support community development financial institutions in their efforts to provide financial services to low-income and underserved communities. • The program has an estimated funding of $412,000,000 and plans to make 440 awards. • The award ceiling is $2,000,000 and the award floor is $10,000. • Eligibility requirements can be found in the FY 2024 Notice of Funds Availability (NOFA).