CDFI

CDFI Fund: Application Demand for 2020 Round of NMTC Program Released

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that it received 208 applications under the 2020 round of the New Markets Tax Credit Program (NMTC Program). The NMTC Program advances economic development in economically distressed communities by making tax credit allocations available to Community Development Entities (CDEs) for…

FDIC: Financial Advisors Sought to Establish New “Mission-Driven Bank Fund” to Support FDIC-Insured Minority Banks and CDFIs

The Federal Deposit Insurance Corporation (FDIC) today announced a competition to choose one or more experienced financial advisors to support the development of a new Mission-Driven Bank Fund. The Fund will provide a vehicle for private sector and philanthropic investment in FDIC-insured Minority Depository Institutions (MDIs) and Community Development Financial Institutions (CDFIs). The selected financial advisor(s)…

CDFI Fund: Upcoming Webinar Scheduled on Preparing for the FY 2021 CDFI and NACA Program Application Round

It’s never too early to start getting ready for the next application round! The Community Development Financial Institutions Fund (CDFI Fund) is tentatively planning to open the fiscal year (FY) 2021 Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) application round in early 2021. To help your organization…

CDFI Fund: 2019 Annual Certification and Data Collection Summary Report Released

​The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today released a summary snapshot report from the fiscal year (FY) 2019 Annual Certification and Data Collection Report (ACR) reporting cycle. Community Development Financial Institutions (CDFIs) must submit an ACR on an annual basis within 90 days of the end of their…

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 provide a general overview of…

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 other financial institutions, private companies…

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 provide financial literacy, financial planning,…

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 behalf of Clearinghouse Community Development…

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 (NACA Program), will enable CDFIs…

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 Report (CTLR). Comments on the…