The California Investment and Innovation Program (Cal IIP) is a grant program established to provide grants to community development financial institutions (CDFIs) to enhance their capacity and ability to provide programs, including technical assistance and access to capital, to economically disadvantaged communities throughout California. • The applicant must be a CDFI with current certification by the Code of Federal Regulations, a minimum net worth of $25,000, and 5 loans in the 12 months prior to application submittal. • The CDFI must have an office in CA and officers living in California or a record of lending in California, based on at least 25% of applicant's loan portfolio to CA projects, and provided financial assistance in CA totaling $10 million in the 3 years prior. • The grant can be used to fund services and operations that contribute to the CDFIs overall community development mission and goals. • The grant can also be used to supplement their net assets and increase the capacity to attract additional funding.