CDFI Fund: CY 2020 Round of New Markets Tax Credit Program Opened
Increased Allocation of $5 Billion to be made Available this Round The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the Notice of Allocation Availability (NOAA) for the calendar year (CY) 2020 round of the New Markets Tax Credit Program (NMTC Program). The CDFI Fund is providing the NOAA…
CDFI Fund: $25.2 Million Awarded to Banks that Increased Investments in Severely Distressed Communities
Recipients Collectively Increased Lending and Services to Nation’s Most Distressed Areas by $455 million Washington, DC – The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today nearly $25.2 million in awards to 138 FDIC-insured banks, through the fiscal year (FY) 2020 round of the Bank Enterprise Award Program (BEA Program),…
CDFI Fund: Application Demand for FY 2020 Round of Capital Magnet Fund Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the application data for the fiscal year (FY) 2020 round of its Capital Magnet Fund program. A total of 137 organizations submitted applications requesting more than $642.2 million in funding. The applicants propose to serve 50 states, the District of…
CDFI Fund: Virtual Public Meeting of the CDFI Fund’s Advisory Board Scheduled for August 27th
The Community Development Financial Institutions Fund (CDFI Fund) is convening a meeting of the Community Development Advisory Board (the Advisory Board) from 2:00 to 5:00 p.m. Eastern Daylight Time on Thursday, August 27, 2020. This meeting will be conducted virtually. The function of the Advisory Board is to advise the Director of the CDFI Fund on the…
CDFI Fund: Information Requested on Small Dollar Loan Program
The Community Development Financial Institutions Fund (CDFI Fund) is currently seeking information from Certified Community Development Financial Institutions (CDFIs), Federally Insured Depository Institutions, trade organizations, and the general public about the Small Dollar Loan Program (SDLP). Authorized by the Dodd-Frank Wall Street Reform and Consumer Protection Act (P.L. 111-203), SDLP was established to provide grants for Loan Loss Reserves…
CDFI Fund: Public Comment Period Extended for CDFI Certification Application, ACR and CTLR
Deadline to Submit Responses to CDFI Fund Now November 5, 2020 The Community Development Financial Institutions Fund (CDFI Fund) will extend the deadline to submit comments in response to its solicitation for public feedback on a revised Community Development Financial Institution (CDFI) Certification Application, Annual Certification and Data Collection Report (ACR), and new Certification Transaction Level Report (CTLR). The…
CDFI Fund: New CDFI FA, NMTC AMIS Compliance and Reporting Forms Available in August
Late TLR Submitters have until July 31st to Submit using Current TLR Template The Community Development Financial Institutions Fund (CDFI Fund) is deploying new Transaction Level Report (TLR) templates for use by Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) Financial Assistance (FA) and New Markets Tax Credit Program…
CDFI Fund: More Than $3.5 Billion in New Markets Tax Credits Announced
Awards will spur economic and community development nationwide. The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $3,548,485,000 in New Markets Tax Credits today that will spur investment and economic growth in low-income urban and rural communities nationwide. A total of 76 Community Development Entities (CDEs) were awarded tax credit…
CDFI Fund: Application Demand for FY 2020 Round of BEA Program Released
Over $469 Million in Increased Investments, Lending and Services in Highly Distressed Communities and to CDFIs The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today the application data for the fiscal year (FY) 2020 round of its Bank Enterprise Award Program (BEA Program). A total of 144 applications were…
CDFI Fund: Application Reminders and Updates for FY 2020 Capital Magnet Fund Applicants
As a reminder for fiscal year (FY) 2020 Capital Magnet Fund applicants, the deadline for online submission of the SF-424 Mandatory through Grants.gov for this year’s funding round is June 26, 2020 at 11:59 p.m. Eastern Time (ET). The deadline for online submission of the rest of the application materials through the CDFI Fund’s Awards Management Information…