CDFI FUND IMPACT BLOG

Programs and Initiatives
CDFI Fund Quick Facts: FY 2021 CDFI Program and NACA Program Awards

The CDFI Fund announced the FY 2021 CDFI Program and NACA Program Financial Assistance awards on December 8, 2021. Did you know that nearly 60% of all the awards will go to serve small and rural communities?

Primary Geographic Markets Served by FY 2021 CDFI Program and NACA Program FA Awardees

 

There was also a diverse array of financial institution types that received awards through the FY 2021 CDFI Program and NACA Program funding round. Unregulated CDFIs such as loan funds made up 54% of the awardee pool, credit unions were 35%, banks and bank holding companies were 11%, and the remainder of the awards were granted to Sponsoring Entities that will create CDFIs to serve Native Communities:

Financial Institution Types that Received FY 2021 CDFI Program and NACA Program FA Awards

 

The awards will benefit a wide variety CDFIs dedicated to tackling issues of poverty and economic mobility in communities across the country. Learn more about the FY 2021 awardees here.