The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today released a summary snapshot report from the fiscal year (FY) 2020 Annual Certification and Data Collection Report (ACR) reporting cycle.
Community Development Financial Institutions (CDFIs) must submit an ACR on an annual basis within 90 days of the end of their organization’s fiscal year. The ACR allows the CDFI Fund to annually assess CDFIs’ compliance with Certification criteria and collect data that provides insights into the CDFI industry.
This annual snapshot of data from Certified CDFIs provides evidence of how CDFIs are providing Financial Products and Development Services to distressed communities and underserved populations while maintaining organizational safety and soundness. Key areas highlighted in the snapshot report include:
- CDFI composition, location and capacity;
- Business line and financial product portfolio activity;
- Clients served by CDFIs; and
- CDFI balance sheet information.