Pennsylvania Community Development Bank Program (PCD Bank)
The PCD Bank Program funds CDFIs in Pennsylvania to expand lending and capacity, supporting economic and community development in underserved areas through evidence-based, impactful projects.
Funder: Pennsylvania Department of Community and Economic Development
Due Dates (Anticipated): September 2026 (application submission deadline, projected)
Funding Amounts: Loans from $100,000 to $2 million; Expansion Grants up to $500,000 (typically 3-year duration); Development Services Grants are annual and renewable
Summary: Financing and capacity-building grants for accredited Community Development Financial Institutions (CDFIs) to support economic and community development, job creation, and lending expansion in Pennsylvania.
Key Information: Only state-accredited, federally certified CDFIs with at least two years of lending experience are eligible.
Description
The Pennsylvania Community Development Bank Program (PCD Bank) provides both grants and loans to Community Development Financial Institutions (CDFIs) to strengthen their capacity and expand lending activities that drive community and economic development in Pennsylvania. The program aims to revitalize underserved communities, support job creation, and foster sustainable economic growth by empowering CDFIs to serve businesses and individuals who face barriers to accessing traditional capital. Funding is available through capacity building grants (for organizational development, expansion, and technical assistance) and through direct and participating bank loan programs for accredited CDFIs.
