Community Development Financial Institutions Bond Guarantee Program

Objective

To support community development lending and investment by providing a source of long-term capital to certified Community Development Financial Institutions (CDFIs) for economic and community development in low-income communities and underserved rural areas.

Who Can Apply

• Nonprofit Organization

The Act defines Eligible CDFIs and authorizes the Community Development Financial Institutions Fund (CDFI Fund) to determine which entities may serve as Qualified Issuers.

Who Benefits

• Small business
• Profit organization
• Private nonprofit institution/organization
• Other private institution/organization
• Native American Organizations
• Public nonprofit institution/organization
• Other public institution/organization

Eligible CDFIs must use the Bond Proceeds for Eligible Community and Economic Development Purposes. This may include, but is not limited to, lending activities in low-income communities and underserved rural areas such as: owner-occupied home mortgages, charter schools, and municipal and community entity lending, among others.

Assistance Types

• Loan Guarantee

Program Contact

bgp@cdfi.treas.gov
(202) 653-0300