Capacity Building and Growth Grant (CBGG)
- About the Program
- How to Apply
- Resources
Capacity Building and Growth Grant
Helping Community Development Financial Institutions Grow Communities
Program Overview |
Community Development Financial Institutions (CDFIs) play a critical role in supporting affordable housing, small businesses and community economic development. They are mission driven financial institutions that provide access to capital and technical assistance to underserved communities. The FHLB Dallas Capacity Building and Growth Grant (CBGG), launched in March 2024, is designed to increase non-depository CDFIs’ ability to fulfill their mission by providing grants and technical expertise in specific areas. The maximum monetary grant for nondepository, member CDFIs is $500,000 and $100,000 for nondepository, nonmember CDFIs. Funds Available for 2024: $3,399,287 Million
The CBGG program offers two types of grants for qualifying applicants:
Note: Applications for CBGG funding must be submitted by an eligible FHLB Dallas member financial institution. |
2024 Grant RecipientsView a list of the 2024 CBGG Awardees. |
Benefits for Your Financial Institution
Increase CDFI capacity to make a greater impact on affordable housing, small businesses and community economic development.
Expand client base by partnering with nondepository CDFIs to provide access to grant funding and technical assistance.
Propel community growth by enhancing the effectiveness of CDFIs to deliver on their mission-related activities.
Capacity Building and Growth Grant Pilot
CBGG is available to non-depository CDFIs that are FHLB Dallas members or that are sponsored by an FHLB Dallas member institution in applying for a CBGG grant. Grant funds may not be used for general operating expenses, litigation, support of existing programs (unless there is a significant change in focus or strategy), conferences, publications, media/audiovisual productions, or financial deficits.
CDFI Capacity Building & Growth Grant
Discover how to apply for the FHLB Dallas Capacity Building and Growth Grant.
Eligibility Criteria
To be eligible for a CBGG grant, CDFIs must be:
- Located in the FHLB Dallas 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
CDFIs that are awarded grants must provide:
- Certification that the funds were used as described during the application process
- An impact report of the effectiveness of the grants in achieving the desired outcomes
Eligible Uses of Funds
CBGG grants funds must be used for CDFI activities supporting affordable housing, small businesses or community economic development.
Examples of activities that may 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
Applicants for expertise grants may receive FHLB Dallas’ staff expertise in the areas of communication and marketing strategy or small-scale automation.
Note: Applications for CBGG funding must be submitted by an eligible FHLB Dallas member financial institution.
Applying for a CBGG Grant
The 2024 CBGG application process opened on March 5, 2024. Members must submit a letter of inquiry to capacitygrants@fhlb.com by April 17, 2024.
- For expertise grants, FHLB Dallas will respond to Letters of Inquiry and send proposal forms to applicants by May 17, 2024. Formal proposals are due by June 28, 2024, and FHLB Dallas will announce the awards on or around August 15, 2024
- For non-monetary grants, FHLB Dallas is conducting interviews with applicants and will announce the awards on May 17, 2024
For more information about the CBGG program, please refer to the materials listed below.
FHLB Dallas CBGG Frequently Asked Questions
