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Capacity Building and Growth Grant Pilot

$3 Million Pilot Grant for Community Development Financial Institution Capacity Building and Growth

The FHLB Dallas Capacity Building and Growth Grant (CBGG) is a pilot program designed to increase nondepository CDFIs’ ability to support affordable housing, small businesses and community economic development. Through the pilot, FHLB Dallas will allocate $3 million in CBGG grants as well as offer staff expertise to CDFIs.

The pilot applies only to nondepository CDFIs that are members of FHLB Dallas or nonmember CDFIs that are sponsored by a member institution

Must meet the following criteria:

  • Located in the Bank’s District of Arkansas, Louisiana, Mississippi, New Mexico or Texas
  • Certified as a CDFI by the U.S. Treasury's CDFI Fund 
  • Focused on affordable housing, small businesses or community economic development 
  • Able to provide financial statements, audited if available 

Nondepository member CDFIs can qualify for $50,000 to $500,000 in monetary grants while nonmembers sponsored by a member institution can qualify for $50,000 to $100,000. Grants will be awarded in mid-August. CDFIs that are awarded grants must provide a certification that the funds were used as committed to in the application process and an impact report regarding the effectiveness of the grants in achieving the CDFI’s desired outcomes. 

Examples of activities that can be funded by monetary grants include:

  • Operating expenses that fund significant changes in strategy or focus
  • Technology improvements
  • Leadership or expertise development
  • Development of new sources for earned income

Nondepository members — and nonmember CDFIs that are sponsored by a member — can also qualify to receive FHLB Dallas expertise in the area communication and marketing strategy or small-scale automation.

View recording for March 5 webinar to learn more.

Letter of Inquiry (LOI) Form

CDFI Loan Funds that are current FHLB Dallas members may apply by submitting LOIs directly to FHLB Dallas. CDFI Loan Funds that are not FHLB Dallas members must have a current FHLB Dallas member (regardless of institution type) submit the LOI on their behalf.

Applications are available at Letter of Inquiry Form.

Completed LOIs must be submitted to capacitygrants@fhlb.com by 5:00 p.m. (Central Time) on April 17.
 

Frequently Asked Questions

Read the Pilot CBGG FAQs