CDFI Fund Announces First Awards of 2025—$8.8 Million in Technical Assistance Awards to 56 Organizations
Lily Jin, Associate, Public Policy, OFN
Eight OFN members received CDFI Fund Technical Assistance (TA) Awards before the obligated dollars appropriated in Fiscal Year (FY) 2024 were set to expire.
Read time: 1 minute
On September 30, the U.S. Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded $8.8 million in Technical Assistance (TA) Awards to 56 organizations. Eight of those receiving awards are OFN members. TA Awards enable CDFIs to enhance their capacity to provide essential financial services to low-income, rural, urban, and Native communities across the country.
The awards were made with Fiscal Year 2024 dollars that were set to expire at midnight. They were also the first awards to be announced by the Fund in 2025 after months of delay in the release of appropriated dollars by the Office of Management and Budget (OMB). These awards show movement by OMB and Treasury toward getting funds out to communities that need them most.
The announcement also stated Treasury’s intent to award additional CDFI Program TA Awards and Financial Assistance Awards later this winter, although no further specifics on an expected timeline were included. As a result of the ongoing government shutdown shortly after the award announcement, possible delays are expected around disbursement of this round, as well as potential further delay of future award round announcements.
OFN congratulates all recipients in this breakthrough round of funding, especially the following OFN members.
OFN Member CDFI Program Technical Assistance Award Recipients
- MainStream Finance
- WPC Community Impact Fund LLC
OFN Member Native American CDFI Assistance Program Technical Assistance Award Recipients
- Chehalis Tribal Loan Fund
- First Nations Community Financial
- NDN Fund, Inc.
- Taala Fund
- Westwater Financial, Inc.
- Yurok Alliance for Northern California Housing
Save The Date
Join us from October 20-23 in Washington, D.C. for the 41st annual OFN Conference!
Stay Connected
Subscribe to receive regular updates straight to your inbox and check out our blog for the latest coverage from OFN and the CDFI industry.
Follow us on social media.
More From OFN
-
Investing in Main Street America at OFN’s 13th Annual Small Business Finance Forum
At OFN’s 13th Annual Small Business Finance Forum, the CDFI field gathered in Austin to advance the capital, coaching, and… Read More
-
Save the Dates for 2026 OFN Events and Training!
OFN’s 2026 events and training will bring together mission-driven lenders, partners, and other advocates across the country to learn, network, and collaborate. OFN’s 2026 event and training… Read More
-
Member Highlight: Renaissance Economic Development Corporation
In May we celebrate Asian American, Native Hawaiian and Pacific Islander Heritage Month (AANPI) and are excited to highlight one… Read More