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CPCFA reviews CalCAP, tax‑exempt bond options and CALIP grant cycle for CDFIs
Summary
At the same webinar, CPCFA outreach staff described CalCAP risk‑management lending tools, the tax‑exempt bond program for climate‑friendly projects, and CALIP grants for certified CDFIs (2025–26 cycle: $10M to award this round; $30M already awarded).
Allison (outreach and legislation manager at the California Pollution Control Financing Authority, CPCFA) presented CPCFA programs and how they differ from IBank’s role.
Allison said CalCAP (California Capital Access Program) is CPCFA’s highest‑volume product and serves as a lender risk‑management tool across many loan types, including subprograms for zero‑emission medium‑ and heavy‑duty vehicle financing. "Calcap is risk management tools," she said, noting additional CalCAP subprograms and loan participation products are planned to launch in 2026.
On bond offerings, Allison explained CPCFA sells tax‑exempt bonds to fund federally defined climate‑friendly projects with a public benefit and can work with private businesses, nonprofits and public‑private partnerships that meet the eligibility requirements. She emphasized that CPCFA is the designated state conduit issuer for specific private‑activity categories (for example solid waste and carbon capture) while IBank serves as the state designated issuer for most public entities.
Allison also described the California Investment and Innovation Program (CALIP), a grant program for certified community development financial institutions (CDFIs). She said the 2025–26 award cycle’s NOFA set an application deadline of Oct. 1, 2025, and awards are noncompetitive (all eligible applicants receive awards). As presented, the program originally included $45,000,000 in appropriations, of which $30,000,000 has been awarded and $10,000,000 will be awarded in the current cycle, with awards to be announced on or before Feb. 1, 2026.
On eligibility Allison reiterated statutory requirements for CALIP: CDFIs must be certified by the federal CDFI Fund and already active in California; CALIP cannot seed a new CDFI or fund an out‑of‑state CDFI planning to expand into California.
Allison closed by saying CPCFA updated its web pages and will share slides and QR codes; she directed attendees to use the CPCFA outreach inbox for questions and to contact program managers for more detailed technical guidance. No formal actions or funding decisions were made during the presentation.
The webinar then wrapped with a reminder of the next session (Nov. 13) and adjournment.
