The Delaware Community Investment Venture Fund, which is administered by the Delaware Council on Banking, provides funding opportunities for banking organizations, credit unions, and Community Development Financial Institutions (CDFIs) doing business in Delaware to better serve the needs of low- to moderate-income census tracts within the state.

Banks, credit unions, and CDFIs properly registered and authorized to conduct business in the State of Delaware may apply for one or more grants to support proposed programs that:

  1. invest in the development of financial product or financial product underwriting innovations that will enhance access to capital, funding, and other financial services for businesses in low- to moderate-income tracts in Delaware;
  2. deploy, test, and evaluate these innovations for providing capital and funding to businesses in low- to moderate-income tracts in Delaware; and
  3. promote and make these innovations available to a variety of banking organizations, CDFIs, and credit unions for use in enhancing access to capital, funding, and other financial services for businesses in low- to moderate-income tracts in Delaware.

The DCIVF application period opens on May 15, 2025.  There will be an optional virtual information session on May 22, 2025, at 3:00 p.m., for those interested in learning more about this funding opportunity.  You can sign up for the virtual information session using this link.  Applications will be made available by May 15th and must be completed and submitted to the Delaware Council on Banking on or before 5:00 p.m. on June 16, 2025. If you have any questions, please email DCIVF@delaware.gov.

Important Links:

For information contact DCIVF@delaware.gov or (302) 739-4235.