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 Investment Cash Advance Program (CICA)….
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 financial institutions by providing alternatives…
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). Currently, the Community Development Financial…
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) 2022 funding round of the…
CDFI Fund: Request for Public Comment Issued on Uses of Award Report
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 information collections, as required by the Paperwork Reduction Act of 1995, Pub. L. No. 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently, the Community…
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. 3506(c) (2) (A)). Currently, the…
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 good standing with respect to…
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 2022 CDFI ERP Applicants to…
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 of good standing with respect…
CDFI Fund: Application Demand Released for FY 2022 Round of Small Dollar Loan Program
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) 2022 round of its Small Dollar Loan Program (SDL Program). The SDL Program is intended to expand consumer access to financial institutions by providing alternatives to high cost small dollar lending. Up…