California Investment and Innovation Program (Cal IIP) 2027
This open federal grant from State Treasurer's Office supports community development-focused work and is available to eligible applicants, with applications due Oct 1, 2026.
Apply on the California Grants PortalOpportunity description
The Legislature designed Cal IIP to provide grants enhancing the capacity and ability of community development financial institutions (CDFIs) to provide programs including technical assistance and access to capital to economically disadvantaged communities throughout California. CDFIs can use the grants to fund services and operations that contribute to the CDFIs overall community development mission and goals. CDFIs can also use the grants to supplement their net assets and increase the capacity to attract additional funding.
Who can apply
- Business
The applicant must be a CDFI and have current certification by the Code of Federal Regulations, a minimum net worth of $25,000, and 5 loans in the 12 months prior to application submittal. The CDFI must have an office in CA and officers living in California or a record of lending in California, based on at least 25% of applicant's loan portfolio to CA projects, and provided financial assistance in CA totaling $10 million in the 3 years prior.
Applying for this grant
This is a California state grant. Applications are submitted through the awarding agency and the California Grants Portal — not VolunteerBadge. Confirm the deadline and full requirements on the official listing before you begin.
Official the California Grants Portal listingThis listing is sourced from the public California Grants Portal (data.ca.gov) and is provided for general informational purposes. VolunteerBadge is not affiliated with the State of California or the awarding agency. Always verify details on the official listing before applying.