Community Investment Fund (CIF) 2030

Program Description

The Community Investment Fund 2030 (CIF) fosters economic development in historically underserved communities across the state. CIF will provide a total of up to $875 million to eligible municipalities as well as not-for-profit organizations and community development corporations that operate within them.

Program Type
Type of Funding
Source of Funds
Bonds
Funding Amounts/Limits

No max on the amount requested; If request is below $250,000, but meets all other criteria, contact a CIF 2030 staff member to discuss project before applying. CIF 2030 also offers planning grants, which are a set amount of $250,000.

Target Population(s)
Links to Additional Resources

Eligibility

Eligible Project Size
Other Eligibility Guidelines

Application

Application Timeline

Twice annually (typically due in May/June and November/December).

Overview of Application Process

DECD opens two rounds annually; Issues a notice the application period has opened. Eligible applicants are encouraged to meet w/ CIF staff prior to submitting an application. Applications are submitted online through CIF website. DECD reviews applications, determines eligibility, and writes an executive summary of each eligible application for the CIF Board’s review. CIF Board reviews the applications and DECD’s summaries, and recommends projects for funding. Governor reviews the Board’s recommendations, approves applications, and forwards them to State Bond Commission. State Bond Commission issues final approval for recommended applications.

Additional Information

Other Notes

Cannot be used to support ongoing or other operating costs.

Last Updated
June 6, 2024
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