Skip to main content

Emergency Capital Investment Program

This funding record is inactive. Please see the program website or contact the program sponsor to determine if this program is currently accepting applications or will open again in the future.

Sponsor
U.S. Department of Treasury
Deadlines
May 7, 2021
Purpose

The Emergency Capital Investment Program provides funding for certified Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs) to provide loans, grants, and forbearance for small businesses, minority-owned businesses, and consumers, especially in low-income and underserved communities, that have been disproportionately impacted by the economic effects of the COVID-19 pandemic.

The program is intended to support low- to moderate-income communities, minority communities, rural communities, underserved areas, consumers, small businesses, and nonprofit organizations.

Eligibility

Eligible applicants include certified Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs) that serve low- to moderate-income, underserved communities that have disproportionately suffered from the impacts of the COVID–19 pandemic.

Geographic coverage
Nationwide and U.S. Territories
Amount of funding

The maximum aggregate principal amount is $250,000,000 and:

  • No more than 7.5% of Total Assets as of the most recently available Call Report for an institution with Total Assets of more than $2,000,000,000
  • No more than 15% of Total Assets as of most recently available Call Report for an institution with Total Assets between $500,000,000 and $2,000,000,000
  • No more than 22.5% of Total Assets as of most recently available Call Report for an institution with Total Assets of less than $500,000,000

A set aside of $2 billion is available for smaller CDFIs and MDIs with less than $500 million in assets.

Application process

Links to additional guidance, application instructions, and the online application portal are available on the program website.

Tagged as
Capital funding · Community and economic development · Housing and homelessness · Minorities



For complete information about funding programs, including your application status, please contact funders directly. Summaries are provided for your convenience only. RHIhub does not take part in application processes or monitor application status.