CDFI Fund: Update to NMTC Certification, Compliance, and Monitoring FAQs
The Community Development Financial Institutions Fund (CDFI Fund) has provided an updated Frequently Asked Questions (FAQ) document for New Markets Tax Credit compliance on its website. This document supersedes the December 2015 publications of the FAQ document by adding, revising, or updating select questions from the earlier edition. The major updates includes: Revised guidance regarding restrictions on…
CDFI Fund: “Access to Capital and Credit in Native Communities” Data Release Now Available
Today, the Native Nations Institute released a Data Review to accompany the Access to Capital and Credit in Native Communities Report (the Report) commissioned by the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund). The Data Review helped set the stage for the Report by collecting data regarding access to capital and credit in American…
CDFI Fund: Register for FY 2017 CDFI Bond Guarantee Program Workshop
The CDFI Fund and the Office of the Comptroller of the Currency will co-sponsor one (1) two-day workshop for potential applicants pertaining to the CDFI Bond Guarantee Program’s fiscal year (FY) 2017 Qualified Issuer and Guarantee Application requirements. Specifically, the workshops will review the CDFI Bond Guarantee Program’s structure and include in-depth discussions on the…
CDFI Fund: 2017 Update Bond Guarantee Program Applicants Application Workshop and Deadlines
To prepare potential applicants for the fiscal year (FY) 2017 round of the CDFI Bond Guarantee Program, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has announced that it will conduct one (1) two-day workshop for potential applicants on February 22 & 23, 2017 at the Office of the Comptroller…
CDFI: Prepare for the FY 2017 CDFI Program and NACA Program Application Round
The Community Development Financial Institutions Fund (CDFI Fund) is tentatively planning to open the fiscal year (FY) 2017 round of the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) in mid-February, 2017. There are significant changes to the FY 2017 application from last year. To help potential applicants…
CDFI Fund: Waitlist Opens for Minority CDE Training and Technical Assistance Initiative
The Community Development Financial Institutions Fund (CDFI Fund) has contracted with National Community Investment Fund (NCIF) to provide group training and individual technical assistance to Minority Community Development Entities (Minority CDEs). The purpose of the training and subsequent technical assistance is to ensure full understanding of how Minority CDEs can participate in the New Markets Tax Credit…
CDFI Fund: Application Period for FY 2017 Bond Guarantee Program Open
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2017 application period for the CDFI Bond Guarantee Program. Application materials are available on the CDFI Fund’s website in anticipation of the publication of the Notice of Guarantee Authority (NOGA) in the Federal Register later this…
CDFI Fund: Treasury Announces $7 Billion Allocation of New Market Tax Credits
Largest single round in the history of the New Markets Tax Credit Program will spur economic, community development in nation’s distressed and low-income communities WASHINGTON–Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced that 120 organizations nationwide will receive a total of $7 billion in New Markets Tax Credit…