The Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund) requests comments from the public to gain a better understanding of how Community Development Financial Institutions (CDFIs) treat equity investments in their organizations to help inform policy decisions regarding the CDFI Fund’s management and oversight of its investment portfolio.
Through the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program), the CDFI Fund provides Financial Assistance (FA) awards in variety of forms, including equity investments. The CDFI Fund is working to provide more context and clarity regarding policies and procedures related to equity investments it provides in two specific areas: compliance remedies and cure periods for CDFIs noncompliant with the CDFI Fund’s existing control restrictions and the adoption of an exit strategy for new equity investment awards.
Though this Request for Information (RFI), the CDFI Fund is seeking feedback on specific questions related to the CDFI Fund’s general control restrictions, investment exit strategy, as well as general questions on CDFI equity.
In order to be considered, all comments must be submitted in writing by 30 days after the date of publication of the Federal Register notice to Tanya McInnis, Certification, Compliance Monitoring and Evaluation (CCME) Program Manager, CDFI Fund, at email@example.com.