California Investment and Innovation Program (Cal IIP) 2027
State Treasurer's Office
Summary
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.
Eligibility
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. | The CDFI must have a record of lending in California.