CDFI Rapid Response Program


Update June 15, 2021: U.S. Treasury Awards $1.25 Billion to Support Economic Relief in Communities Affected by COVID-19

Washington - The U.S. Department of the Treasury today awarded $1.25 billion in COVID-19 relief funds to 863 community development financial institutions (CDFIs). The awards were announced today by Vice President Kamala Harris at the White House with Treasury Secretary Janet L. Yellen. The grants will be made through Treasury’s CDFI Rapid Response Program (CDFI RRP) and will provide necessary capital for CDFIs to respond to economic challenges created by the COVID-19 pandemic, particularly in underserved communities.


The Consolidated Appropriations Act, 2021 (Act; Pub. L. 116-260) provided $1.25 billion to the Community Development Financial Institutions Fund (CDFI Fund) to award Community Development Financial Institutions (CDFIs) with grants to deliver immediate assistance in communities impacted by the COVID-19 pandemic. The CDFI Fund awarded these funds through the CDFI Rapid Response Program (CDFI RRP), which was designed to quickly deploy capital to Certified CDFIs through a streamlined application and review process. Through the CDFI RRP, CDFIs were provided with resources necessary to respond to the economic impacts of the COVID-19 pandemic in distressed and underserved communities and people.


Organizations that were Certified by the CDFI Fund as CDFIs as of the date of the Notice of Funds Availability (NOFA) publication in the Federal Register were eligible to apply to the CDFI RRP. Applicants for CDFI RRP must be in compliance with all outstanding CDFI awards, allocations, or bond guarantee requirements, as well as meet benchmarks for programmatic/financial safety and soundness.


The CDFI RRP was designed to quickly and broadly deploy capital to Certified CDFIs through a streamlined application and evaluation methodology. To meet the expedited award deadlines required by Congress for the CDFI RRP, the CDFI Fund utilized and leveraged its existing CDFI Certification and CDFI Program Financial Assistance and Technical Assistance application evaluation processes, as well as the Awards Management Information System (AMIS).


Important documents for the FY 2021 CDFI Rapid Response Program Award Recipients are below. Please check back as more documents will be added over time. 

These documents are intended to help you understand what steps you must complete in order to receive award funds and to meet the compliance requirements of your award. Please direct questions to the Help Desk by submitting a Service Request through your AMIS account, emailing, or calling 202-653-0421. 


The FY 2021 CDFI Rapid Response Program application round is now closed, and is no longer accepting applications. Please view the News section above to see the press release and list of Award Recipients for the FY 2021 round. 

For reference, the NOFA, instructions, and supplemental materials for the FY 2021 round of the CDFI Rapid Response Program are below.

The CDFI Fund provided a pre-application webinar for the FY 2021 round on February 18, 2021. The webinar recording and presentation are available below.

FY 2021 Application Timeline

February 25, 2021FY 2021 FY 2021 Round Opening
March 22, 2021, 11:59 PM ETDeadline for Creating an AMIS Account
March 22, 2021, 11:59 PM ETDeadline to enter EIN and DUNS numbers in AMIS
March 22, 2021, 11:59 PM ETDeadline for Submitting SF-424 through
March 23, 2021, 5:00 PM ETLast Day the CDFI Fund Will Answer Questions About the Application
March 25, 2021, 5:00 PM ETDeadline to Receive AMIS Support from the IT Help Desk
March 25, 2021, 11:59 PM ETDeadline for Submitting CDFI RRP Application through AMIS
June 15, 2021FY 2021 CDFI RRP Awards Announced



The CDFI Fund conducted two targeted live webinars to provide a forum to answer applicant questions about the FY 2021 CDFI Rapid Response Program Application. View the recordings of the webinars below.

Webinar TopicDate and TimeConferenceAccess Link
FY 2021 CDFI RRP Application Webinar WorkshopMarch 3, 2021          
2:00 PM - 4:00 PM ET
Webinar CompletedAccess Webinar Recording
FY 2021 CDFI RRP Application Webinar WorkshopMarch 10, 2021          
2:00 PM - 4:00 PM ET
Webinar CompletedAccess Webinar Recording

FY 2021 Application Materials

The application materials for the FY 2021 CDFI Rapid Response Application are below. These materials are provided for reference only. The FY 2021 application round is now closed and no longer accepting new applications. 




AMIS Training Manual: SF-425 Federal Financial Report         
Updated - Aug 25, 2023

SF-425 Tutorial         
Updated - Aug 25, 2023


How to Submit a Material Event Form – Video Tutorial    
Updated - Oct 10, 2023

AMIS Training Manual: Material Event Form Submission Guide       
Updated - Oct 02, 2023

Certification of Material Events Form (Informational Purposes Only) 
Updated - Oct 02, 2023