CDFA will review proposals for Community Economic Development Capacity Building funds based upon the goals, measurable objectives, activities, components of the proposal and organizational need. All applicants are subjected to a substantial programmatic and financial review. Among other requirements, projects must provide a public benefit and demonstrate that similar funding was not otherwise available.
The first step in the review process is to review the eligibility of the applicant. Then reviewers will complete a desk review of the application, and a comprehensive underwriting of the applicant and the project in order to evaluate the proposed project. A project is considered both on its own merits and as it compares to the other applicants in the same grant round.
Recommendations for funding will be based upon applicant’s goals, measurable objectives, activities, and needs. The internal review team at CDFA assesses applicants against the program objectives and four priority areas, and provides its assessment to the Investment Review Committee, composed of select CDFA staff and non-recused Board Members. Recommendations for funding will then be made by the Investment Review Committee to CDFA’s full Board of Directors. Following approval by the Board of Directors, CDFA staff will execute a contract with the successful applicants and manage the award through completion.