May 1, 2023

CDFI Fund: Update Provided on Revisions to the CDFI Certification Application

CDFI Fund expects to open the new CDFI Certification process in the Fall of 2023 after revising the CDFI Certification Application

A request for public comment on a draft of the CDFI Fund’s CDFI Certification Application was published in the Federal Register last fall. The draft Application was developed after approximately six years of consideration and two previous requests for public input. The CDFI Fund has been deliberate in its efforts to update the CDFI Certification process and, in An Update on the CDFI Fund’s Certification Application Review Process released on January 24, 2023, emphasized that it would be continuing that approach by taking the time necessary to carefully review all public comments.

The Update indicated that the CDFI Fund anticipates making revisions to the draft Certification Application Form and that the CDFI Fund would follow up with further communication about the timing for reopening the CDFI certification application process.

The CDFI Fund anticipates that it will resume accepting CDFI Certification Application submissions in the fall of 2023. Over the next several months, the CDFI Fund will undertake the following steps.

The CDFI Fund will continue to provide updates and additional information as this process moves forward.

Certified CDFIs are still required to submit an Annual Certification and Data Collection Report (ACR) in accordance with their existing ACR reporting schedule, as listed in AMIS. Updated guidance information on the current 2023 ACR reporting round is available on the CDFI Fund’s website at under “Step 2: Reporting.

The CDFI Fund has completed all remaining reviews and provided determinations to those organizations that submitted CDFI Certification Applications prior to the start of the Application blackout period that began October 1, 2022.

Those CDFIs that submitted Target Market Modification Applications prior to October 1, 2022 will receive determination notices by May 31, 2023.

For guidance and supporting information related to the CDFI Fund’s efforts in revising the CDFI Certification Application, ACR and abbreviated TLR, visit the CDFI Fund’s CDFI Certification Application & Data Collection Reporting Revisions webpage.

Any questions regarding compliance related to existing CDFI Certification should be directed to the Certification, Compliance Monitoring and Evaluation Help Desk via an AMIS Service Request, via e-mail at, or phone at (202) 653-0423.

This post was originally published here.