CDFI Fund: FY 2021 Small Dollar Loan Program Round Opens for Applications

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2021 funding round for the Small Dollar Loan Program (SDL Program) today. SDL Program funding is intended to expand consumer access to financial institutions by providing alternatives to high cost small dollar […]

CDFI Fund: Public Comments Sought on Civil Rights Act Compliance Worksheet

The U.S. Department of the Treasury, as part of a 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 (PRA) of 1995, 44 U.S.C. […]

CDFI Fund: Pre-Application Webinar for FY 2021 Small Dollar Loan Program Round Scheduled for April 13th

The Community Development Financial Institutions Fund (CDFI Fund) staff will hold an informational pre-application webinar for the Small Dollar Loan Program on Tuesday, April 13, 2021. Topics covered will include setting up your critical SAM.gov and Grants.gov accounts, adjusting your organizational profile in the Awards Management Information System (AMIS), and other […]

CDFI Fund: Public Data for NMTC Program for FYs 2003-2019 Released

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today released transaction level data collected on New Markets Tax Credit (NMTC) investments across the nation through fiscal year (FY) 2019. The CDFI Fund requires all Community Development Entities (CDEs) that have been awarded NMTC allocations to […]

CDFI Fund: Important Reminders for FY 2021 CDFI Rapid Response Program, CDFI Program, and NACA Program Round Applicants

As a reminder for fiscal year (FY) 2021 Community Development Financial Institutions Program (CDFI Program), Native American CDFI Assistance Program (NACA Program), and CDFI Rapid Response Program (CDFI RRP) Applicants, the deadline for online submission of the SF-424 through Grants.gov for all three funding rounds is March 22, 2021 at 11:59 PM […]

CDFI Fund: Change in Deadline for Annual Certification and Data Collection and Compliance Reports

The Community Development Financial Institutions Fund (CDFI Fund) is extending the deadline to submit Annual Certification and Data Collection Reports (ACRs) and compliance reports for organizations with an upcoming reporting deadline between March 28 and 31, 2021. The new deadline to submit these reports is April 30, 2021. The ACR and […]

SBA: Changes to Paycheck Protection Program by Biden-Harris Administration Increases Equitable Access to Relief

Early indications show program reforms and efforts to engage with communities authentically are working in meaningful ways. Two weeks ago, the Biden-Harris Administration made several reforms to the Paycheck Protection Program (PPP) to further ensure small businesses get the help they need, especially Mom-and-Pop businesses in underserved communities. Putting equity at the […]

FDIC: Emergency Capital Investment Program Available for CDFIs and Minority Depository Institutions

Summary: The Federal Deposit Insurance Corporation (FDIC) is advising certified Community Development Financial Institutions (CDFIs) and minority depository institutions (MDIs) of the Emergency Capital Investment Program (ECIP) established by the Consolidated Appropriations Act, 2021.  Under the ECIP, certified CDFIs and MDIs may be eligible for capital investments from the U.S. […]

Federal Bank Regulators Issue Rule Supporting Treasury’s Investments in Minority Depository Institutions and CDFIs

Federal bank regulatory agencies today announced an interim final rule that supports the Treasury Department’s implementation of a program established by Congress to make capital investments in minority depository institutions and community development financial institutions. The Treasury Department’s Emergency Capital Investment Program (ECIP) will support the efforts of these financial institutions to […]

CDFI Fund: FY 2021 CDFI Bond Guarantee Program Application Period Now Open

Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2021 application period for the CDFI Bond Guarantee Program. A total of up to $500 million in bond guarantee authority is available for Eligible Community Development Financial Institutions (Eligible CDFIs) […]