CDFI Fund: Upcoming Deadlines for FY 2016 CDFI and NACA Programs Round
As a reminder for potential fiscal year (FY) 2016 Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) applicants, the deadline for online submission of the SF-424 through Grants.gov for this year’s CDFI Program and NACA Program funding rounds is March 18, 2016 at 11:59 PM Eastern. The deadline for online…
CDFI Fund: Important Update for FY 2016 Capital Magnet Fund Applicants – Award Amount & FAQs
The Community Development Financial Institutions Fund (CDFI Fund) has determined that there will be $93,472,163 available in awards under the fiscal year (FY) 2016 round of the Capital Magnet Fund. Through the Capital Magnet Fund, the CDFI Fund provides competitively awarded grants to CDFIs and qualified nonprofit housing organizations. Capital Magnet Fund awards finance affordable…
CDFI Fund: Award Management Information System (AMIS) Is Available
The Community Development Financial Institutions Fund (CDFI Fund) launched the Awards Management Information System (AMIS) in September 2015. AMIS is an enterprise-wide business system that is gradually replacing the myCDFIFund portal. Since the launch we have continued to implement updates and improvements to the AMIS tool, including accepting applications for our award programs directly in…
CDFI Fund: Capital Magnet Fund Update
The Community Development Financial Institutions Fund (CDFI Fund) has released an updated Frequently Asked Questions (FAQ) document on its website, www.cdfifund.gov/cmf, to assist potential applicants to the fiscal year (FY) 2016 round of the Capital Magnet Fund. Topics updated in the FAQ include affordability requirements, use of Capital Magnet Fund funds with other CDFI Fund program…
ABA: Teen Named Grand Prize Winner Of National Video Contest
WASHINGTON—In recognition of America Saves Week, the American Bankers Association Foundation announced today the three national winners for its 2015-2016 Lights, Camera, Save! video contest. The winning videos were revealed through a live broadcast on the association’s YouTube channel. The judging panel, which consisted of personal finance and communications experts, awarded Nathan Mitchell of Waco, Texas the grand prize for his…
CDFI Fund: CDFI and NACA Program Electronic Application Available
The electronic applications for the fiscal year (FY) 2016 round of the CDFI Program and NACA Program are now available in the Community Development Financial Institutions Fund (CDFI Fund)’s Awards Management Information System (AMIS). All applicants must be registered in SAM.gov, Grants.gov, and AMIS to apply for funding. Previous applicants should confirm that their existing…
OCC: Supporting America Saves Week
WASHINGTON — Comptroller of the Currency Thomas J. Curry today issued the following statement in recognition of America Saves Week, February 22 – 27, 2016: The Office of the Comptroller of the Currency is pleased to support America Saves Week, which encourages individuals and families to prepare for the future and build personal wealth. National…
CFPB: Policy Finalized to Facilitate Consumer-Friendly Innovation
Bureau Publishes Policy to Reduce Potential Regulatory Uncertainty for Innovative Products that Promise Significant Consumer Benefits WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) finalized a policy to facilitate consumer access to financial products and services that promise substantial benefit to consumers. The new policy establishes a process for companies to apply for a…
CDFI Fund: FY 2016 Funding Round for CDFI Program and NACA Program Opens
Today the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2016 funding round for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program). Congress appropriated the CDFI Fund $190.5 million in FY 2016 in Financial Assistance (FA) and Technical…
ABA: Safe Banking For Seniors Program Launched
New, turnkey curriculum available for America’s hometown banks WASHINGTON — The American Bankers Association today launched its Safe Banking for Seniors program with the release of newly created curriculum and other materials. The program, first announced in September 2015, will mobilize bankers across the country to educate older Americans and their caregivers about elder financial…