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 […]

SBA: New Dedicated Tool Rolled Out to Connect Small Businesses with CDFIs, Small Asset Lenders Participating in PPP

Today, U.S. Small Business Administration Administrator Jovita Carranza announced the launch of a dedicated online tool for small businesses and non-profits to be matched with Community Development Financial Institutions (CDFIs), Minority Depository Institutions (MDIs), Certified Development Companies (CDCs), Farm Credit System lenders, Microlenders, as well as traditional smaller asset size lenders in […]

CDFI Fund: Application Demand for FY 2020 Round of CDFI Program and NACA Program Released

The fiscal year (FY) 2020 application 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 April 30, 2020. 588 organizations from across the country requested a total of $535.4 million in awards. Specifically:* […]

CDFI Fund: Comments Sought on CDFI Equity Investment Award Policy

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 […]

CDFI Fund: CDFI Fund Opens FY 2020 Capital Magnet Fund Funding Round

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened today the fiscal year (FY) 2020 funding round for the Capital Magnet Fund.  Through the Capital Magnet Fund, the CDFI Fund competitively awards funds to CDFIs and qualified non-profit housing organizations. These awards can be used […]

CDFI Fund: New Native CDFI Resource Bank Now Available

A new Resource Bank for the CDFI Fund’s “Building Native CDFIs’ Sustainability and Impact II (BNCSI II)” Capacity Building Initiative training is now available on the CDFI Fund’s website. For more than ten years, the CDFI Fund has used targeted training and technical assistance to build the capacity of the Native […]

CDFI Fund: Request for Public Comment on CDFI Certification Application and Reporting Tools

Supporting CDFI Growth and Innovation through New Certification Application and Reporting Procedures At the Community Development Financial Institutions Fund (CDFI Fund), we value the important work that Certified Community Development Financial Institutions (CDFIs) do. We know that CDFIs are being asked to do more than ever before in delivering capital […]

CDFI Fund: Application Deadline Extended for FY 2020 CDFI Program and NACA Program Funding Round

The Community Development Financial Institutions Fund (CDFI Fund) will extend the upcoming application deadlines for the fiscal year (FY) 2020 funding round of the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program). The CDFI Fund is releasing the updated deadlines in anticipation of the publication […]

CDFI Fund: FY 2020 Funding Round of BEA Program Is Now Open

​Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2020 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 website in anticipation of the publication of the […]

CDFI Fund: Bond Guarantee Program Application Period Opens for FY 2020

Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2020 application period for the CDFI Bond Guarantee Program. A total of up to $500 million in guarantee authority is available to Eligible Community Development Financial Institutions (Eligible CDFIs) in FY […]