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Emergency Capital Investment Program

Program Funding
Total Spent
$8.6B
 
Total Obligated
$8.6B

Some agencies choose to report funding totals for multiple programs in a single submission. The obligated and spent totals shown here only reflect those reported for this program alone. To see all money associated with this program, use the All Pandemic Awards dashboard and search for the program in the filter bar.

Number of Awards
175
Assistance Listing
21.030
Published Date
Objectives
Under the ECIP, Treasury will provide up to $8.75 billion in capital directly to credit unions, insured depository institutions, and bank or savings and loan holding companies 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. The ECIP is not a grant program. The ECIP is a direct investment program comprising the purchase of preferred stock or subordinated debt instruments from eligible financial institutions.
Total Rows 534