California Investment and Innovation Program (Cal IIP)

State Treasurer's Office · State of California

At a glance

California Investment and Innovation Program (Cal IIP) is a closed California state grant opportunity from the State Treasurer's Office (State of California). The application deadline was October 1, 2025. Total estimated funding is $10M. Applicant types listed as eligible include business. It is listed on the California Grants Portal. Cost sharing is not required.

Summary assembled from the official notice's fields. The official notice governs.

Estimate · calculated by GrantsJunction

Expected to open around August 2027

This program has posted at about the same time each year. If it follows its pattern, the next round should post between Jul 26, 2027 and Aug 23, 2027, with about 53 days to apply.

Based on 2 past postings: Aug 6, 2025, Aug 12, 2026. Confidence: medium. Agencies can change or skip a year; only the agency's posted notice is official. Watch it and we'll email you when the next round posts.

Key facts

Aug 6, 2025Posted
Oct 1, 2025Application deadline

Opened: Aug 6, 2025
Close date: Oct 1, 2025
Award floor: Not specified
Award ceiling: Not specified
Est. total funding: $10,000,000
Expected awards: Not specified
Matching funds: Not required
Funding instrument: Grant

Program details (as published on the California Grants Portal)

Type: Grant
Funding source: State — Per legislation, 20% of funds available will be for small and emerging CDFIs. This funding will be divided among applicants that are small and emerging CDFIs. The size of the grant awards shall be based on the total amount of loans closed by each applicant in the last fiscal year. Funding shall be awarded on a tier system. The funding amounts per tier may be less than the grant award depending on availability and number of qualified applicants.
Matching funds: Not Required
Funding method: Advance(s)
Estimated number of awards: Dependant on number of submissions received, application process, etc.
Estimated award amounts: Dependant on number of submissions received, application process, etc.
Award period: 3 years
Expected award announcement: February 1, 2026
Letter of intent: Not required
Geography: The CDFI must have a record of lending in California.
How to submit: By email: applications.caliip@treasurer.ca.gov

Who can apply

Applicant categories as listed on the California Grants Portal. GrantsJunction maps them to detailed applicant types for search and matching.

Business

Additional information on eligibility (from the listing)

The applicant must be a CDFI and have 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.

Can your organization apply?

A quick check against the listed applicant types — other requirements in the notice still apply.

Based on the published notice. Review the official notice for complete eligibility requirements.

What it funds

Purpose and description as published on the California Grants Portal.

Purpose

Cal IIP was established to provide grants to enhance the capacity and ability of community development financial institutions (CDFIs) to provide programs including technical assistance and access to capital to economically disadvantaged communities throughout California.

Description

The Legislature designed Cal IIP to provide grants enhancing the capacity and ability of community development financial institutions (CDFIs) to provide programs including technical assistance and access to capital to economically disadvantaged communities throughout California. CDFIs can use the grants to fund services and operations that contribute to the CDFIs overall community development mission and goals. CDFIs can also use the grants to supplement their net assets and increase the capacity to attract additional funding.

Program page on the agency site ↗

Past applications & awards

Historical data · not a prediction

Reported by the agency for this listing

Fiscal year 2025–2677 applications · 73 awards

Counts as published on the California Grants Portal. Award counts can read zero until decisions are announced.

Program contact (as published)

caliip@treasurer.ca.gov
1-916-654-5610

Quick answers

Who is eligible to apply for “California Investment and Innovation Program (Cal IIP)”?

The official listing names these applicant types as eligible: Business. It adds: “The applicant must be a CDFI and have 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…” Additional restrictions may apply; review the full guidelines.

How much funding is available through “California Investment and Innovation Program (Cal IIP)”?

Per the notice, total estimated program funding is $10,000,000.

How do I apply for “California Investment and Innovation Program (Cal IIP)”?

Applications go directly to State Treasurer's Office, not through GrantsJunction. Submission: by email to applications.caliip@treasurer.ca.gov. Read the program guidelines on the agency's site first; state programs set their own forms and registration requirements.

Other open California state opportunities, matched on agency, categories and wording.

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