CDFI Fund: Webinar to Learn More About AmeriCorps and Economic Mobility Corps Announced

Mark your calendar for upcoming webinars! AmeriCorps and the Community Development Financial Institutions Fund (CDFI Fund) will be hosting two live webinars to provide Community Development Financial Institutions (CDFIs) and other community development organizations with information on the new Economic Mobility Corps and applying for an AmeriCorps grant. The first webinar will […]

FDIC: Resource Guide Published to Promote Investment Partnerships With FDIC-Insured Minority Banks and CDFIs

The Federal Deposit Insurance Corporation (FDIC) today published a new resource guide to promote private and philanthropic investment partnerships with FDIC-insured Minority Depository Institutions (MDIs) and Community Development Financial Institution banks (CDFI banks).  “Investing in the Future of Mission-Driven Banks” is FDIC’s latest effort to build supportive partnerships between these banks and […]

CDFI Fund: Application Now Open for $1.9 Million in AmeriCorps Economic Mobility Corps Funding

AmeriCorps Providing Awards to Place National Service Members in CDFIs What is the Economic Mobility Corps? The Economic Mobility Corps (EMC) is a joint initiative of the Community Development Financial Institutions Fund (CDFI Fund) and AmeriCorps that places full-time national service members in Certified Community Development Financial Institutions (CDFIs) to enhance their capacity to […]

CDFI Fund: Treasury Guarantees $100 Million in CDFI Bond Funding

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today the approval of a $100 million guarantee under the fiscal year 2020 round of the Community Development Financial Institutions (CDFI) Bond Guarantee Program. The guarantee will be issued to the Community Reinvestment Fund, USA on […]

CDFI Fund: U.S. Treasury Awards $204.1 Million to Support Economic Growth in Low-Income, Distressed and Native Communities

 The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 397 Community Development Financial Institutions (CDFIs) $204.1 million in awards today. The awards, through the fiscal year (FY) 2020 round of the Community Development Financial Institutions Program (CDFI Program) and the Native American CDFI Assistance Program […]

CDFI Fund: CDFI Certification, ACR, and CTLR FAQs Now Available

FAQs Provide Clarification on Proposed CDFI Certification and Data Collections  In May, the Community Development Financial Institutions Fund (CDFI Fund) released for public comment proposed changes to the Community Development Financial Institution (CDFI) Certification Application and the Annual Certification and Data Collection Report (ACR), as well as a new CDFI Transaction Level […]

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 […]

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 […]

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 […]