California Investment and Innovation Program (Cal IIP) 2027
Closes: 2026-10-01.
View the official program page →Official listing
This links the program's official page as published by the portal, or the portal itself when the program publishes none; verify details there before applying.
- Agency
- State Treasurer's Office
- Closes
- 2026-10-01
- Opened
- 2026-08-12
- Open to
- Business
- Geography
- The CDFI must have a record of lending in California.
- Estimated total funding
- $10,000,000
- Amounts
- Dependant on number of submissions received, application process, etc.
- Expected awards
- Dependant on number of submissions received, application process, etc.
- Matching funds
- Not Required
About this program
Cal IIP was established to provide grants to enhance 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.
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.
Eligibility notes
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.
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