Emergency Capital Investment Program

Supporting the Efforts of Low- and Moderate-Income Community Financial Institutions

Established by the Consolidated Appropriations Act, 2021, the Emergency Capital Investment Program (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 $9 billion in capital directly to depository institutions that are certified Community Development Financial Institutions or minority depository institutions 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 continues to develop ECIP program terms that will best achieve the goal of providing much-needed assistance to low- and moderate-income communities that have disproportionately suffered from the impact of the COVID-19 pandemic.  Treasury will post program terms, regulations, and other materials on this website and open the ECIP application portal to begin accepting applications in the near future.  (Posted January 26, 2021)


  • Treasury has posted drafts of the ECIP Application Instructions and Materials below.  Please note that the document is for reference only, and is being provided so that potential applicants may begin compiling the information Treasury expects to require for applications. The application forms may be changed before they are finalized.  Please do not complete and submit these draft forms; Treasury will only accept applications submitted through its Application Portal, which will be made available online in the near future.  (Posted January 15, 2021)


Application Materials


Contact Us

For questions about ECIP and to be informed about program updates, please contact us at ECIPInquiries@treasury.gov.  Any application materials sent to this address will not be accepted or reviewed by Treasury.