[Federal Register Volume 87, Number 239 (Wednesday, December 14, 2022)]
[Notices]
[Page 76541]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-27000]


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DEPARTMENT OF THE TREASURY

[Catalog of Federal Domestic Assistance (CFDA) Number: 21.030]


Emergency Capital Investment Program; Notice of Investment 
Availability

AGENCY: Emergency Capital Investment Program, Department of the 
Treasury.

ACTION: Notice of investment availability.

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SUMMARY: This NOIA is published in connection with the Emergency 
Capital Investment Program (ECIP), administered by the U.S. Department 
of the Treasury (Treasury). Through this NOIA, Treasury announces the 
availability of up to approximately $340 million in funding. 
Established by the Consolidated Appropriations Act, 2021, the ECIP was 
created to encourage low- and moderate-income community financial 
institutions to augment their efforts to support small businesses and 
consumers in their communities. Under the program, Treasury will 
provide up to $8.7 billion in capital directly to depository 
institutions that are certified community development financial 
institutions (CDFIs) or minority depository institutions (MDIs) to, 
among other things, provide loans, grants, and forbearance for small 
businesses, minority-owned businesses, and consumers, especially in 
low-income and underserved communities, that may be disproportionately 
impacted by the economic effects of the COVID-19 pandemic. Treasury 
previously invested a total of approximately $8.34 billion and may 
invest up to an additional approximately $340 million. This is the 
second round of ECIP funding available.

DATES: Low- and moderate-income community financial institutions may 
submit applications for investment starting on the date of publication 
of this Notice of Investment Availability (NOIA). In order to be 
considered for investment, applications must be submitted by 11:59 p.m. 
Eastern Time (ET) on January 31, 2023.

SUPPLEMENTARY INFORMATION: For more information, please see Treasury's 
ECIP website at https://home.treasury.gov/policy-issues/coronavirus/assistance-for-small-businesses/emergency-capital-investment-program. 
Any terms not defined in this NOIA are defined under 12 U.S.C. 4703a or 
the ECIP Application Forms and Instructions, as applicable.
    Form of Application: Electronic application via the ECIP portal is 
required. As of the date of this NOIA, a copy of the ECIP Application 
Form and Instructions is available on the ECIP website at https://home.treasury.gov/policy-issues/coronavirus/assistance-for-small-businesses/emergency-capital-investment-program. Additional resources 
available on the ECIP website include application FAQs, forms of legal 
documents, information on how applications will be evaluated, and other 
information. Note that the displayed version of the application cannot 
be submitted for consideration. Applicants must use the application 
form available via the ECIP portal.

FOR FURTHER INFORMATION CONTACT: David Meyer, Program Manager, 
Emergency Capital Investment Program, (202) 819-3127, 
[email protected].

Noel Poyo,
Deputy Assistant Secretary for Community and Economic Development.
[FR Doc. 2022-27000 Filed 12-13-22; 8:45 am]
BILLING CODE 4810-AK-P