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 the CDFI Fund on the…
CDFI Fund: Information Requested on Small Dollar Loan Program
The Community Development Financial Institutions Fund (CDFI Fund) is currently seeking information from Certified Community Development Financial Institutions (CDFIs), Federally Insured Depository Institutions, trade organizations, and the general public about the Small Dollar Loan Program (SDLP). Authorized by the Dodd-Frank Wall Street Reform and Consumer Protection Act (P.L. 111-203), SDLP was established to provide grants for Loan Loss Reserves…
CDFI Fund: Public Comment Period Extended for CDFI Certification Application, ACR and CTLR
Deadline to Submit Responses to CDFI Fund Now November 5, 2020 The Community Development Financial Institutions Fund (CDFI Fund) will extend the deadline to submit comments in response to its solicitation for public feedback on a revised Community Development Financial Institution (CDFI) Certification Application, Annual Certification and Data Collection Report (ACR), and new Certification Transaction Level Report (CTLR). The…
CDFI Fund: New CDFI FA, NMTC AMIS Compliance and Reporting Forms Available in August
Late TLR Submitters have until July 31st to Submit using Current TLR Template The Community Development Financial Institutions Fund (CDFI Fund) is deploying new Transaction Level Report (TLR) templates for use by Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) Financial Assistance (FA) and New Markets Tax Credit Program…
CDFI Fund: More Than $3.5 Billion in New Markets Tax Credits Announced
Awards will spur economic and community development nationwide. The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $3,548,485,000 in New Markets Tax Credits today that will spur investment and economic growth in low-income urban and rural communities nationwide. A total of 76 Community Development Entities (CDEs) were awarded tax credit…
CDFI Fund: Application Demand for FY 2020 Round of BEA Program Released
Over $469 Million in Increased Investments, Lending and Services in Highly Distressed Communities and to CDFIs The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today the application data for the fiscal year (FY) 2020 round of its Bank Enterprise Award Program (BEA Program). A total of 144 applications were…
CDFI Fund: Application Reminders and Updates for FY 2020 Capital Magnet Fund Applicants
As a reminder for fiscal year (FY) 2020 Capital Magnet Fund applicants, the deadline for online submission of the SF-424 Mandatory through Grants.gov for this year’s funding round is June 26, 2020 at 11:59 p.m. Eastern Time (ET). The deadline for online submission of the rest of the application materials through the CDFI Fund’s Awards Management Information…
SBA: New Dedicated Tool Rolled Out to Connect Small Businesses with CDFIs, Small Asset Lenders Participating in PPP
Today, U.S. Small Business Administration Administrator Jovita Carranza announced the launch of a dedicated online tool for small businesses and non-profits to be matched with Community Development Financial Institutions (CDFIs), Minority Depository Institutions (MDIs), Certified Development Companies (CDCs), Farm Credit System lenders, Microlenders, as well as traditional smaller asset size lenders in the Paycheck Protection Program (PPP)….
CDFI Fund: Application Demand for FY 2020 Round of CDFI Program and NACA Program Released
The fiscal year (FY) 2020 application round for the Community Development Financial Institutions Fund’s (CDFI Fund) Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) closed on April 30, 2020. 588 organizations from across the country requested a total of $535.4 million in awards. Specifically:* 337 organizations requested $337.9 million…
CDFI Fund: Comments Sought on CDFI Equity Investment Award Policy
The Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund) requests comments from the public to gain a better understanding of how Community Development Financial Institutions (CDFIs) treat equity investments in their organizations to help inform policy decisions regarding the CDFI Fund’s management and oversight of its investment portfolio. Through the Community Development Financial Institutions…