CDFI Fund

CDFI Fund: Submission Deadlines Extended for Revised CDFI Certification Application

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has extended the application deadlines for when currently Certified Community Development Financial Institutions (CDFIs) must reapply for CDFI Certification using the revised version of the CDFI Certification Application.  In December 2023, the CDFI Fund released the final revised CDFI Certification Application. Non-certified organizations that wish…

CDFI Fund: Application Demand for FY 2024 Round of the Capital Magnet Fund Released

Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released the application data for the fiscal year (FY) 2024 round of its Capital Magnet Fund (CMF) program. This is the ninth round of funding for the CMF program. A total of 136 organizations submitted applications requesting more than $1.06 billion…

CDFI Fund: Application Reminders & Updates for the FY 2024 BEA Program Application Round Released

As a reminder for fiscal year (FY) 2024 Bank Enterprise Award Program (BEA Program) Applicants, the deadline for online submission of the SF-424 Mandatory through Grants.gov is May 28, 2024, at 11:59 p.m. Eastern Time (ET). This is also the deadline for creating an account for the CDFI Fund’s Awards Information Management System (AMIS) and entering…

CDFI Fund: FY 2024 Bank Enterprise Award Program Funding Round Opens

Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2024 funding round for the Bank Enterprise Award Program (BEA Program). Application materials are now available on the BEA Program page of the CDFI Fund’s websitein anticipation of the publication of the FY 2024 Notice of Funds…

CDFI Fund: CDFI Equitable Recovery Program Compliance FAQs Released

The Community Development Financial Institutions Fund (CDFI Fund) has published a Compliance Frequently Asked Questions (FAQs) document for the CDFI Equitable Recovery Program (CDFI ERP). This document helps to answer commonly asked compliance questions regarding the CDFI ERP Assistance Agreement.  The CDFI ERP Compliance FAQ also incorporates the previously released CDFI ERP Demographic Data Guidance. …

CDFI Fund: $18 Million Awarded to Support Consumer Access to Financial Institutions Through the CDFI Small Dollar Loan Program Awards

Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded $18 million in grants to Certified Community Development Financial Institutions (CDFIs) through the combined fiscal year (FY) 2023 and (FY) 2024 round of the Small Dollar Loan Program (SDL Program). “These important awards enable more Certified CDFIs to offer alternatives…

CDFI Fund: Helpful Tips Released for Applicants to the FY 2024 BEA Program Application Round

If your FDIC-insured bank or thrift is considering submitting an application to the upcoming fiscal year (FY) 2024 funding round for the Bank Enterprise Award Program (BEA Program), you may find the following information helpful as you plan. Eligibility Requirements for FY 2024 BEA Program Applicants with CDFI Fund Awards If your organization will be…

CDFI Fund: Public Meeting of the CDFI Fund’s Advisory Board will be Held on April 11th in Washington, DC

A Public Meeting of the CDFI Fund’s Advisory Board will be Held on April 11, 2024, in Washington, DC Wednesday, March 27, 2024 The Community Development Financial Institutions Fund (CDFI Fund) is convening a meeting of the Community Development Advisory Board (the Advisory Board) from 1:30 p.m. to 4:30 p.m. Eastern Time on Thursday, April 11, 2024….

CDFI Fund: Application Demand for FY 2024 Round of CDFI Program and NACA Program Released

The application period for the fiscal year (FY) 2024 funding round for the Community Development Financial Institutions Fund’s (CDFI Fund) Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) closed on February 15, 2024. In total, 948 organizations from across the country requested a combined level of approximately $1.55…

CDFI Fund: Public Comments Sought on NMTC Program Allocation Application

The U.S. Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Pub. L. No. 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently, the…