CDFI Fund: $355 Million in Bond Funding Announced for Projects in Low-Income Communities

U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that Treasury has agreed to issue three guarantees totaling $355 million under the Community Development Financial Institution (CDFI) Bond Guarantee Program. The guarantees will be issued on behalf of five Eligible CDFIs under the fiscal year […]

FHFA: Annual Report on Low-Income Housing and Community Development Activities at the FHLBs Released

Today, the Federal Housing Finance Agency (FHFA) released its annual report on the low-income housing and community development activities of the Federal Home Loan Banks (FHLBanks). The report highlights the FHLBanks’ activities and performance in 2021 through the Affordable Housing Program (AHP), the Community Investment Program (CIP), and the Community […]

CDFI Fund: FY 2022 Small Dollar Loan Program Awards Announced

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded more than $11.4 million in grants to Community Development Financial Institutions (CDFIs) today through the fiscal year (FY) 2022 round of the Small Dollar Loan Program (SDL Program). The awards will help expand consumer access to […]

CDFI Fund: Request for Public Comment Issued on FY 2023-2035 Bank Enterprise Award Program Application

The U.S. Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general 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, 44 U.S.C. 3506(c)(2)(A). […]

CDFI Fund: FY 2022 CDFI Program and NACA Program Technical Assistance Awards Announced

Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced that 218 organizations received $27.57 million in Technical Assistance awards to build their capacity to provide services to low-income and underserved people and communities across America. The awards were made through the fiscal year (FY) […]

CDFI Fund: Request for Public Comment Issued on Peformance Progress Report and Financial Statement Audit Report

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 information collections, as required by the Paperwork Reduction Act of 1995, Pub. L. No. 104-13 (44 U.S.C. […]

CDFI Fund: Six-Month CDFI Certification Blackout Period Begins October 1, 2022

As a reminder the CDFI Fund will pause acceptance of new CDFI Certification Applications and Target Market Modifications for six months beginning on October 1, 2022 [1] to prepare for the launch of the revised CDFI Certification Application and reporting requirements. During the blackout period, CDFIs will be required to remain in a state of […]

CDFI Fund: FY 2022 CDFI Equitable Recovery Program Applications Due by September 22nd

As a reminder for fiscal year (FY) 2022 CDFI Equitable Recovery Program (CDFI ERP) Applicants, the deadline for online submission of the Application through the CDFI Fund’s Awards Management Information System (AMIS) is September 22, 2022 at 11:59 PM ET. To ensure a successful Application submission, the CDFI Fund encourages all FY […]

CDFI Fund: CDFI Cure Period Supplemental Guidance Information Now Available

The Community Development Financial Institutions Fund (CDFI Fund) recently announced that on October 1, 2022 it is implementing a blackout period for six months to prepare for the launch of the revised CDFI Certification Application and reporting requirements. During this time, Community Development Financials Institutions (CDFIs) are required to maintain a state […]