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American Recovery and Reinvestment Act Program Guide
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Community Development Financial Institutions
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| Progress Indicator |
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| Guidance Available |
Application Processes Open |
Application Processes Closed |
Award Processes Completed |
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| Federal Program Information |
| Federal Program Description |
Awards were made to 59 CDFIs in 26 states and Puerto Rico on 6/29/09 in order to improve awardees' ability to make loans or development investments and to provide development services promoting economic revitalization and community development (lending to small businesses, funding for affordable housing projects, etc.).
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| CFDA Number |
21.020 |
| Assistance Type |
Direct Payments for Specified Use |
| ARRA Citation |
CDFI Act of 1994, PL 103-325, ARRA Executive Order, PL 111-5 |
| ARRA Reporting |
per CDFI process
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| Federal Agency |
Department of Treasury |
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| NYS Information |
| NYS Program Title |
Community Development Financial Institutions |
| NYS Agency |
ESDC |
| Contact |
Kay Wilkie |
| Email |
kwilkie@empire.state.ny.us |
| Phone |
518-292-5270 |
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| Program Funding |
| National Total |
$100 million ($90MM for CDFIs, $8MM for Native Initiatives, $2MM for administrative expenses) |
| NYS Share |
$16.25 million for 10 recipients in NYS |
| Flow of Funds |
Awards from CDFI to CDFIs
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| Deadline |
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| Awards and Outcomes |
| Website |
http://www.recovery.gov/transparency/pages/home.aspx?State=NY |
