CDFI Fund: Summary Report and Public Data for NMTC Program for FYs 2003-2022 Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today released a summary report and data collected on all New Markets Tax Credit (NMTC) investments across the nation from fiscal year (FY) 2003 to FY 2022. The CDFI Fund requires all Community Development Entities (CDEs) that have been awarded NMTC allocations…
CDFI Fund: Public Comment Sought on the CMF Performance Report
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) is soliciting public comment on changes to the Capital Magnet Fund (CMF) Performance Report. The CDFI Fund’s CMF Application and Performance Report Paperwork Reduction Act (PRA) approval will expire in July 2024. Although the PRA approval for the forms in the CMF…
CDFI Fund: Revisions to Capital Magnet Fund Interim Rule Published
Comments due to the CDFI Fund by August 26, 2024 The U.S. Department of the Treasury is issuing a revised Interim Rule for the Capital Magnet Fund (CMF), administered by the Community Development Financial Institutions Fund (CDFI Fund). Changes incorporated by the revised Interim Rule include, among other things: This revised Interim Rule also reflects…
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. …
FHFA: FHLBank and CDFI Symposium Scheduled for June 20th in Washington, DC
The Federal Housing Finance Agency (FHFA) today announced that it will host a Federal Home Loan Bank (FHLBank) and Community Development Financial Institution (CDFI) Symposium in Washington, D.C., on Thursday, June 20, 2024. “CDFIs have a relationship-focused approach that enables them to reach individuals who have limited housing options, in a safe and sound manner,”…
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…