The Emergency Capital Investment Program (ECIP) provided over $8.57 billion in investments to 175 depository institutions that are certified Community Development Financial Institutions (CDFIs) or minority depository institutions (MDIs). These participating community financial institutions can qualify to lower the rate they pay on Treasury’s investments by increasing their lending and other investments in low- and moderate-income, rural, and minority communities.
Impact Highlights
ECIP participants advance the statutory goal of providing financing and other resources to financially underserved borrowers and communities, including by:
- Providing loans and technical assistance to low- and moderate-income borrowers,
- Lending in rural communities, on tribal lands and in U.S. territories,
- Opening access to capital for small businesses, and
- Financing the production of affordable rental housing and providing mortgages to financially underserved homebuyers.
Read about highlights of lending by ECIP participants here:
Announcements
July 2024
- 7/18/2024:The ECIP announces it will hold webinars regarding qualification for rate reductions and upcoming payments from participants to Treasury. Sessions will be held on August 5th and August 12th. 39 ECIP participants will be making their first interest and dividend payments to Treasury on September 16th. This includes all institutions that had closing dates between June 15, 2022 and September 14, 2022. For institutions in this category, attendance at one of these sessions is strongly encouraged. Read more on the payments process webinars here.
- 7/12/2024: The Department of the Treasury announces release of a report on 2023 Qualified and Deep Impact Lending of community financial institutions participating in the ECIP.
- 7/12/2024: The ECIP announces a redesigned webpage.
April 2024
- 4/16/2024: Announcement Regarding the extension for institutions that are required to file a Process and Controls Attestation of Independent Auditor. If you believe that this requirement applies to you and have not been contacted via email, please contact ECIP via ecip@treasury.gov for more information. Read the full 4/16/2024 announcement here.
- 4/1/2024: The Department of the Treasury announces release of a report on 2022 Qualified and Deep Impact Lending of community financial institutions participating in the Emergency Capital Investment Program (ECIP).
Data & Reports
Reporting & Legal Resources
Archives
Are you an individual or small business seeking assistance?
Questions?
Program recipients with questions about reporting, technical issues, or other items please visit the updated Reporting & Legal Resources.
You may also email your questions to ECIP@treasury.gov.