2022 CDFI Equitable Recovery Program Application Deadline Extended to Sept. 22!
The U.S. Treasury Department’s Community Development Financial Institutions Fund announced it has extended the deadline of its Equitable Recovery Program Application Deadline from Aug. 23 to Sept. 22, 2022, at 11:59 pm ET.
The CDFI Fund continues to encourage all FY 2022 applicants to submit their CDFI ERP Applications as soon as possible to ensure a successful submission.
In addition to the deadline extension, the CDFI Fund is also amending the NOFA to clarify eligibility requirements around audited financial statements. Loan funds, venture capital funds, and other Non-Regulated Institution Applicants are required to have audited financial statements for their two most recent historic fiscal years. However, if the audit for the Applicant’s most recent historic fiscal year is not complete as of the due date of the AMIS Application, the Applicant must have audited financial statements for its two historic fiscal years prior to its most recent historic fiscal year. Regulated Institution Applicants that file Call Reports to their regulator are exempt from the requirement to have audits.
The CDFI Fund is releasing updated deadlines in anticipation of the publication of an amended NOFA in the Federal Register on July 19, 2022.
The new deadlines are:
· September 20, 2022 at 05:00 p.m. ET: Last day to contact CDFI Fund with questions about the CDFI ERP
· September 20, 2022 at 05:00 p.m. ET: Last day to contact CDFI Fund with questions about Compliance or CDFI Certification
· September 22, 2022 at 05:00 p.m. ET: Last day to contact AMIS-IT Help Desk (regarding AMIS technical
· September 22, 2022 at 11:59 p.m. ET: Last day to submit complete CDFI ERP Application Package
Updated Guidance
All of the guidance, application materials, reference documents, and webinar information for the FY 2022 CDFI ERP application round are available on the CDFI ERP page. The following materials have been added or updated on the CDFI Fund’s website since the application release on June 23, 2022:
Amended FY 2022 CDFI Equitable Recovery Program NOFA
FY 2022 CDFI Equitable Recovery Program Application Instructions
FY 2022 Equitable Recovery Program Application Frequently Asked Questions (FAQs)
CDFI Equitable Recovery Program Application Overview
FY 2022 CDFI Equitable Recovery Program AMIS Training Manual
The CDFI Fund will continue to update the application materials section of the CDFI ERP webpage as needed throughout the application round. Please refer back to the CDFI Fund’s website for updates.