21.014: Community Development Financial Institutions Bond Guarantee Program
Alternate Name: BGP
Overview
Program Number
21.014
Status
Inactive
Last Modified
Aug. 9, 2022
Date Posted
Aug. 9, 2022
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.
Type of Assistance
F - Guaranteed/Insured Loans
Applicant Eligibility
The Act defines Eligible CDFIs and authorizes the Community Development Financial Institutions Fund (CDFI Fund) to determine which entities may serve as Qualified Issuers.
Beneficiary Eligibility
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.
Related Programs
Additional Information
Grant Awards
Community Development Financial Institutions Bond Guarantee Program direct grants
Grant Opportunities