Empire State Development Inviting Applications for CDFI Access to Financial Services 2 RFA

From Empire State Development:

New York State is committed to expanding access to safe and affordable banking services, which is integral to the stability and public confidence in the state’s financial system. We are pleased to announce that Empire State Development is now inviting applications for the CDFI Access to Financial Services 2 RFA (Request for Applications). The RFA has been posted on our official website CDFI Access to Financial Services RFA.

Up to $200,000 will be awarded to certified Community Development Financial Institutions (CDFIs) in New York State, and the primary focus of this program is to support CDFIs dedicated to providing responsible, language-accessible, and affordable banking and financing services. These services aim to meet the unique needs of individuals who have long been considered underbanked and/or unbanked in the state. Additionally, we recognize the challenges faced by micro small businesses in accessing essential financial services. Through this RFA, we aim to address their specific needs and offer meaningful opportunities for growth and success.

Key Dates to Remember:

Release of Request for Applications                                        August 2nd, 2023
Deadline for Submission of Questions August 16th, 2023
Deadline for ESD to Respond to Questions August 22nd, 2023
Submission of Applications (date and time)           September 1st, 2023; 3:00 PM EST
Announcement of Selections October 2nd, 2023
Anticipated Contract Start Date December 2023


See the RFA from the Empire State Development website: https://esd.ny.gov/access-financial-services-fund-2-cdfi-afs-2-request-applications

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