FY 2026 CDFI Bond Guarantee Program Application Period Now Open

Washington, DC — The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today announced the opening of the fiscal year (FY) 2026 application period for the CDFI Bond Guarantee Program. A total of up to $500 million in guarantee authority is available for Eligible Community Development Financial Institutions (Eligible CDFIs) in FY 2026, subject to final Congressional appropriations.

Through the CDFI Bond Guarantee Program, selected Certified CDFIs or their designees issue bonds that are guaranteed by the Secretary of the Treasury. Bond proceeds are then used to finance new loans or refinance existing loans to extend maturities, improve cash flow, and support longer-term capital needs of underlying borrowers. 

Authorized uses of bond proceeds include financing for 12 different asset classes, including affordable housing, small businesses, and charter school facilities. 

Guarantees are a minimum of $100 million each. Multiple Eligible CDFIs may be a part of a single $100 million bond provided that each Eligible CDFI participates at a minimum of $10 million. Since its inception, through the CDFI Bond Guarantee Program, Treasury has obligated over $2.9 billion to support economic development in low-income, underserved, and rural communities nationwide.

Application Materials 

The CDFI Fund has published the application materials at www.cdfifund.gov/bond under the How to Apply Step 2: Apply page. Application materials must be submitted through the CDFI Fund’s Award Management Information System (AMIS).

Deadlines

Please reference the NOGA and application instructions for detailed information regarding the following application deadlines.

• Qualified Issuer Applications must be submitted through AMIS by 11:59 p.m. EST on July 7, 2026.
• Guarantee Applications must be submitted through AMIS by 11:59 p.m. EST on July 8, 2026.
• The last day the CDFI Fund will accept questions regarding the FY 2026 application period for the CDFI Bond Guarantee Program is July 2, 2026, at 11:59 p.m. EST. All questions must be submitted via email to the program office at bgp@cdfi.treas.gov. 

Qualified Issuer Applications and Guarantee Applications received in FY 2025 that were neither withdrawn nor declined in FY 2025 will be considered under the FY 2026 authority. 

Learn About Applying to the CDFI Bond Guarantee Program 

To support potential Qualified Issuer and Guarantee applicants, the CDFI Fund will offer informational resources designed to highlight key aspects of the FY 2026 application process, eligibility requirements, and program expectations. These resources may include virtual briefings, recorded materials, and written guidance. Specific details regarding format, timing, and access will be posted on the CDFI Fund’s website. 

Questions 

For more information about the CDFI Bond Guarantee Program, please visit www.cdfifund.gov/bond or email the CDFI Fund’s Help Desk at bgp@cdfi.treas.gov.