ECIP Second Application Round and Q&A Session with U.S. Treasury Officials
Join us Tuesday, December 13 at 2 PM ET
Inclusiv is hosting a Q&A session with U.S. Department of the Treasury officials on Tuesday, December 13 at 2 PM ET for eligible CDFI and Minority Depository Institution credit unions to learn more about the Emergency Capital Investment Program (ECIP) and application process for this limited second application round.
Applications to Treasury will be due January 31, 2023 at 11:59PM ET.
ECIP Second Application Round
Treasury announced that it has opened a second application round for investment in qualified financial institutions through the ECIP. Treasury anticipates that between approximately $160 million and $340 million will be available for investment in the second round.
To register for this webinar, click the link below:
https://us02web.zoom.us/webinar/register/WN_HlDqw5G1R561Hj_Fv6ApyQ
Treasury will prioritize applicants that:
- Were ineligible to apply in the first round of funding but later became eligible to participate in ECIP,
- Or serve geographies that are underserved by recipients in the first round of funding,
- And show a strong track record demonstrating the capacity to execute the lending plan (including the quality of the data provided in Question 1 of the ECIP application related to lending to low-and-moderate income or minority individuals).
Among prioritized applicants, Treasury intends to allocate funding to institutions that are assessed to have a higher capacity to execute its Emergency Investment Lending Plan and are more responsive to community needs, as determined using the factors outlined in the Application and Lending Plan Evaluation Form.
Second Round Application Materials
12/2/2022 (new): Second Round Application Form
12/2/2022 (new): Second Round Application FAQs
12/2/2022 (new): Second Round User Guide for Application Submission
Please send all questions in advance of the webinar to Cathi Kim, Director of Inclusiv/Capital, at ckim@inclusiv.org by Monday, December 12 at 5 PM ET.
Treasury will be represented by:
David Meyer, ECIP Program Analyst
Steven Davidson, CFA, ECIP Investment Director
Carol Rodrigues, Attorney-Adviser (Finance), U.S. Department of the Treasury