CDFI Fund: U.S. Treasury Announces FY 2019 CDFI Program and NACA Program Technical Assistance Awards
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 73 organizations more than $9.16 million in awards today. The fiscal year (FY) 2019 Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) Technical Assistance Awards will allow certified Community Development Financial Institutions (CDFIs) and…
CDFI Fund: $25 Million Awarded to Banks that Increased Investments in Severely Distressed Communities
Over Half Billion Dollars has now been awarded through the Bank Enterprise Awards Program Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced over $25.2 million in awards to 113 banks, through the fiscal year (FY) 2019 round of the Bank Enterprise Award Program (BEA Program), for increasing investments…
CDFI Fund: Certification Requirements Changed for CDFI Program, NACA Program Financial Assistance Applicants
On March 8, 2019, the CDFI Fund issued a Request for Public Comment on the fiscal year (FY) 2020-2022 Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) Application. After reviewing the comments received, the CDFI Fund has decided to proceed with updating the certification requirements to apply for a CDFI…
CDFI Fund: CY 2019 Round of New Markets Tax Credit Program Opens
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the Notice of Allocation Availability (NOAA) for the calendar year (CY) 2019 round of the New Markets Tax Credit Program (NMTC Program). The NOAA makes up to $3.5 billion in tax credit allocation authority available for the CY 2019 round….
CDFI Fund: Application Demand for FY 2019 Round of CDFI Program and NACA Program Released
The fiscal year (FY) 2019 application round for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) closed on June 6, 2019. The Community Development Financial Institutions Fund (CDFI Fund) received 546 applications from organizations across the country, requesting a total of $579.54 million. Specifically:* 412 organizations requested…
CDFI Fund: Public Meeting of Advisory Board Scheduled for September 23rd in Washington, DC
Meeting Marks 25th Anniversary of the CDFI Fund The Community Development Financial Institutions Fund (CDFI Fund) is convening a meeting of the Community Development Advisory Board (the Advisory Board) from 9:00 a.m. to 3:00 p.m. Eastern Standard Time on Monday, September 23, 2019. The Advisory Board meeting will be held in Cash Room at the U.S. Department…
CDFI Fund: Application Demand for FY 2019 Round of BEA Program Released
Over $428 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) 2019 round of its Bank Enterprise Award Program (BEA Program). A total of 117 applications were…
CDFI Fund: FY 2019 Capital Magnet Fund Funding Round Opens
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened today the fiscal year (FY) 2019 funding round for the Capital Magnet Fund. Through the Capital Magnet Fund, the CDFI Fund competitively awards funds to CDFIs and qualified non-profit housing organizations. These awards can be used to finance affordable housing activities,…
CDFI Fund: Annual CIIS Public Data Release on CDFI Program Recipient Reporting
The Community Development Financial Institutions Fund (CDFI Fund) released today an additional year of data provided by Community Development Financial Institutions (CDFIs) through its data collection system, known as the Community Investment Impact System (CIIS), representing 15 years of data. The data collected covers fiscal years (FYs) 2003 through 2017. This is the last year…
CDFI Fund: Reminders and Updates for FY 2019 CDFI Program and NACA Program Round Applicants
As a reminder for fiscal year (FY) 2019 Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) applicants, the deadline for online submission of the SF-424 through Grants.gov for this year’s CDFI Program and NACA Program funding rounds is May 3, 2019 at 11:59 p.m. ET. The deadline for online submission…