CDFI Fund: Update for FY 2019 CDFI Bond Guarantee Program Applicants – Applications Now Available in AMIS
The electronic applications for the fiscal year (FY) 2019 round of the CDFI Bond Guarantee Program are now available in the Community Development Financial Institutions Fund’s (CDFI Fund’s) Awards Management Information System (AMIS). In addition, the CDFI Fund has posted a PDF version of the Qualified Issuer and Guarantee applications along with an AMIS Bond…
CDFI Fund: Annual CIIS Public Data Released 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 14 years of data. The data collected covers fiscal years (FYs) 2003 through 2016. The release contains Institution…
CDFI Fund: FY 2019 CDFI Bond Guarantee Program Application Period Now Open
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2019 application period for the CDFI Bond Guarantee Program. The CDFI Bond Guarantee Program responds to the critical market demand for long-term, low-cost capital that can be used to spur economic growth in low-income communities. Through…
CDFI Fund: Application Demand for FY 2018 Round of BEA Program Released
NEARLY $941 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) 2018 round of its Bank Enterprise Award Program (BEA Program). A total of 124 applications were…
CDFI Fund: CDFI Certification Application Now Available in AMIS
In June, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced that it would not accept new applications for certification as a Community Development Financial Institution (CDFI) for a 90-day period, beginning August 1, 2018. The CDFI Fund needed to temporarily halt the application submission process to implement critical systems…
CDFI Fund: Updated CDFI Program Investment Areas and Target Markets Based on 2011-2015 ACS Census Data
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has released updated Investment Areas for the Community Development Financial Institutions Program (CDFI Program). Investment Areas have been revised using the U.S. Census Bureau’s 2011-2015 American Community Survey (ACS) to provide more current socioeconomic and demographic data that reflect changes since the…
CDFI Fund: U.S. Treasury Awards $202.2 Million to Support Economic Growth in Low-Income Communities
Funds to Support Community Development Investments in Distressed Rural, Urban, and Native Communities The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 302 Community Development Financial Institutions (CDFIs) $202.2 million in awards today. The awards, through the fiscal year (FY) 2018 round of the Community Development Financial Institutions Program (CDFI…
CDFI Fund: Treasury Guarantees $150 Million in CDFI Bond Funding
Since Inception, Over $1.5 Billion Guaranteed for Projects in Low-Income Communities U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today the issuance of a $150 million guarantee under the Community Development Financial Institutions (CDFI) Bond Guarantee Program. The guarantee was issued to the Community Reinvestment Fund, USA (CRF) on behalf…
CDFI Fund: Request for Public Comment Regarding CDFI Certification 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, Public Law 104–13 (44 U.S.C. 3506(c)(2)(A)). Currently, the…
CDFI Fund: Upcoming Deadlines and Updates for FY 2018 Capital Magnet Fund Round Applicants
As a reminder for prospective fiscal year (FY) 2018 Capital Magnet Fund Applicants, the deadline for online CMF Application submission through the Awards Management Information System (AMIS) is September 17, 2018 at 5:00 p.m. Eastern Time (ET). To ensure a successful Application submission, the Community Development Financial Institutions Fund (CDFI Fund) encourages all FY 2018…