StateClosedFixed dateState Treasurer's Office

California Investment and Innovation Program (Cal IIP) 2027

Award ceiling
Not stated
Closes
Oct 1, 2026
Last verified
2026-10-02

Per-recipient award not stated for business, closing Oct 1, 2026.

Official pageSign in to trackVerified2026-10-02
BusinessDisadvantaged CommunitiesHousing, Community & Economic Development

In one sentence

California Investment and Innovation Program (Cal IIP) 2027 does not state a per-recipient award amount, open to business, closing Oct 1, 2026.

Record fields
Program pool (total)
$10,000,000
Total across all awards in this programme. Not an amount any single applicant can receive.
Award ceiling (per project)
Not confirmed
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.
Award floor
Not confirmed
Typical award
Not confirmed
Deadline
Oct 1, 2026
Deadline type
Fixed date
Opens
Not stated
Status
Closed
Eligible entities
Business
Geography
Not stated
Matching funds
No
Disbursement
Advance(s)
Application effort
Not confirmed
Use of funds
Disadvantaged Communities · Housing, Community and Economic Development
Currency
USD

How much money is available?

Two different figures govern a programme and they are not interchangeable. The programme pool is what the funder has allocated across every award it will make this cycle. The award ceiling is the most one applicant can be granted.

Program pool (total)Across all awards this cycle
$10,000,000
Award ceiling (per project)The most one applicant can receive
Not stated

Source wording: “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…”

Who can apply?

level
state
Derived from the source that published this record
entity
Business
Source field: entity types
industry
use
Disadvantaged Communities, Housing, Community and Economic Development
Source field: use of funds
size limit

Not stated

Source field: applicant size limit
clause text

Not stated

We store the structured fields above. Clause-by-clause text from the guidelines is not connected for this record.

When does it close?

Oct 1, 2026ClosedDeadline type Fixed date

What can the money be used for?

2 categorysThe source’s own spending categories, and what is not parsed.
Disadvantaged CommunitiesHousing, Community and Economic Development

These categories come from the source's own classification. A line-item cost table, where the programme publishes one, lives in the guidelines and is not parsed for this record.

How hard is the application?

2 fieldsEffort, match requirement and reimbursement, as the source stated them.
Application effort
Not confirmed
Disbursement
Advance(s)
Matching funds
No

What comparable notices state

24 recordsStated ceilings on open records in the same industry.

Among open records stored under Disadvantaged Communities, 24 of 50 state an award ceiling. Those that do run:

  • 25th percentile$650,000
  • Median$2,000,000
  • 75th percentile$2,250,000

A statistical estimate, not a prediction. It describes what a set of notices has published in this catalogue on the day you read it, and says nothing about what this programme will award. Records stating no ceiling are excluded rather than counted as zero, and the programme pool — what a funder has across every applicant — is a different column and is never mixed in.

Common questions

6 questionsEvery answer is a stored field from this record. Questions the source did not answer are not asked.
How much funding is available in total?
$10,000,000 across the whole programme. This is the total the funder has allocated, not an amount any single applicant can receive.
When is the application deadline?
Oct 1, 2026.
Who is eligible to apply?
Business.
What can the funding be used for?
Disadvantaged Communities, Housing, Community and Economic Development, as classified by the source.
Is matching funding required?
No. The source states that no matching funds are required.
Is the money paid up front or reimbursed?
Paid in advance rather than as a reimbursement.

AI summary of the source text

Optional. Every core field on this record is already above, free and complete.

AI summary of the source text

Studio reads this record’s stored eligibility and materials text and breaks it into separate points, each quoting the exact words it came from. It never writes application prose, never guesses at a field the source did not state, and never estimates anyone’s chances.

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What else is open

Also open from State Treasurer's Office
Provenance
Source pagegrants.ca.gov
Retrieved2026-10-02
MethodAutomated check
First seen2026-08-31

The official page governs. If the source and this record disagree, the source is correct — programmes change their terms between our checks, so confirm every figure above before you apply.