Maryland Community Investment Venture Fund 2027 Grant Application Submission Instructions - Financial Regulation

November 10, 2026

The Maryland Office of Financial Regulation is currently accepting applications for grants from the Maryland Community Investment Venture (MCIV) Fund. Applications are submitted in tandem by a Maryland state-chartered bank or credit union (“financial institution”) and a fintech partner (“fintech”).

Successful applications demonstrate how the fintech’s product or solution will allow the financial institution to better reach Maryland’s low- to moderate-income (LMI) census tracts so that Marylanders in these communities gain expanded access to needed financial services. Applications must provide metrics for measuring successful engagement with these LMI communities.

MCIV Fund Grant Guidelines and Requirements

Guidelines and requirements for an MCIV Fund grant are detailed in the document that may be accessed by clicking here (Coming Soon). Please refer to these programmatic details when considering how to structure your grant application.

MCIV Fund Grant Application – What to Submit

Both the financial institution and the fintech partner must submit a web form providing basic institutional details and contact information and acknowledge certain requirements pertaining to engagement with State of Maryland programs and grant funds.

Web Forms Required

View the financial institution web form.
View the fintech partner web form.

Once both the financial institution and fintech have submitted their respective web forms, they must jointly prepare a written application outlining the anticipated collaboration between the financial institution and the fintech that addresses, in sequence, the following prompts.

About the fintech:

1. What is the fintech’s mission statement?
2. Summarize the fintech’s previous collaboration or work with financial institutions and describe the nature of the engagement, the types of financial institutions, and the scale.

About the financial institution:

1. What is the financial institution’s current engagement with consumers and businesses in LMI communities?
2. Describe the financial institution’s opportunities for serving the financial services needs of consumers or businesses in Maryland’s LMI communities.

About the MCIV Fund grant request:

1. Describe the financial institution’s intended use of the fintech’s product or service.
2. What is the amount of the grant request?
3. List the Maryland census tracts designated as low or moderate that the application will support.
4. Summarize how the application will assist the financial institution in better serving the financial services needs of consumers and/or businesses in Maryland’s LMI communities.
5. Describe how consumers and/or businesses in LMI communities that can be supported by the application will be identified.
6. Provide an estimated project timeline not to exceed 24 months.
7. Describe anticipated outcomes and metrics for tracking success that will be reported to OFR over a maximum of 36 months.
8. Describe any other funding sources that will support the application.

Supporting Documents:

Additionally, the applicants should submit the following supporting documents with their written application:

1. A projected budget and timeline of the project.
2. A W-9 for the fintech.
3. A certificate of good standing for the fintech from the fintech’s state of formation.
4. Evidence of authority for each signatory to the web form to submit the application on behalf of the applicant financial institution and fintech.
5. Evidence of a tentative agreement (e.g. a Letter of Intent) between the financial institution and the fintech to engage in the project supported by the MCIV Fund grant.

The written application answering the above prompts, and all supporting documents should be emailed to [email protected] and Stephen Clampett, Assistant Commissioner for Corporate Activities, at [email protected].

Deadline: February 28, 2027 Questions may be submitted to [email protected] or [email protected].