The CDFA Minority Capital Loan Guarantee Program aims to increase access to capital for businesses in communities that have been historically excluded from opportunity. With the support of the Robert Wood Johnson Foundation (RWJF), CDFA has developed a 10-year, $18 million loan guarantee program to help development finance agencies (DFAs) in the United States deliver capital in a more equitable manner. RWJF is providing additional grant funds to support the training, continuing education, and technical assistance aspects of the program.
The CDFA Minority Capital Loan Guarantee Program is open to development finance agencies (DFAs) and other non-profit lenders who are committed to advancing racial and economic justice. DFAs must have their own capital to lend or have a clear plan for how they will build a lending program.
To be considered for the CDFA Minority Capital Loan Guarantee Program, DFAs should download the Call for Proposals and carefully review the requirements before submitting a proposal.
Submissions will be accepted through March 10, 2023. There is no application fee. Organizations selected for the Program will be notified by April 28, 2023.
CDFA will host an Informational Webinar on Tuesday, February 7, 2023 at 2:00 PM ET for all interested stakeholders to learn about the Program and ask questions about submitting a successful proposal.
Register here for the Informational Webinar.