Community Development

CDFI Fund Financial Assistance Awards

Competitive Financial Assistance (FA) awards for Certified CDFIs to expand affordable financial products and services in low-income and underserved communities. FA can be provided as loans, grants, equity investments, deposits, and credit union shares, and must be matched dollar-for-dollar with non-federal funds. The CDFI Program also offers Technical Assistance (TA) grants to build organizational capacity, and supplemental Healthy Food Financing Initiative (HFFI) FA awards for CDFIs expanding healthy food financing activities.

Type: Grant Amount: Not specified on program page; see NOFA Deadline: See NOFA for current deadlines Location: United States

HUD Choice Neighborhoods Implementation Grant

Large-scale grants for local partnerships to redevelop distressed public or assisted housing into mixed-income communities with comprehensive neighborhood revitalization.

Type: Grant Amount: Up to $50 million Deadline: Annual NOFO, typically late spring Location: United States

Solomon Islands Blue Carbon Innovation Challenge

Grants supporting community-led mangrove, seagrass, and coral restoration enterprises across the Solomon Islands archipelago.

Amount: $1,500,000 Deadline: Sep 25, 2025 Location: Pacific Islands and Solomon Islands

Treasury New Markets Tax Credit Program

Permits individual and corporate investors to receive a federal income tax credit in exchange for making equity investments in certified Community Development Entities that finance projects in low-income communities.

Type: Tax Credit Amount: 39% federal tax credit claimed over seven years on qualified equity investments Deadline: Annual CDFI Fund allocation application window (varies each year) Location: United States

USDA Community Facilities Loan & Grant: Funding for Rural Infrastructure

Low-interest loans and grants that help rural communities build and improve essential facilities such as clinics, public safety buildings, and childcare centers.

Type: Loan Amount: Up to 100% of Project Cost (Loan) + Grants (up to 75% for poorest areas) Deadline: Rolling (Year-Round) Location: United States