CDFI Fund: Updated FAQ Posted for BEA Program Applicants
The Community Development Financial Institutions Fund (CDFI Fund) has posted on its website a revised Supplemental Guidance and Frequently Asked Questions (FAQs) document and Application Guidance document related to the fiscal year (FY) 2023 Bank Enterprise Award Program (BEA Program) Application round. Revised information is highlighted in green in these documents. The updates to these…
CDFI Fund: FY 2023 CDFI Bond Guarantee Program Application Period Opens
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2023 application period for the CDFI Bond Guarantee Program. A total of up to $500 million in bond guarantee authority is available for Eligible Community Development Financial Institutions (Eligible CDFIs) in FY 2023. Through the CDFI…
CDFI Fund: More than $1.73 Billion Awarded in Response to Economic Impacts Caused by COVID-19 Pandemic
Funding will aid those communities experiencing disproportional economic effects of the pandemic Washington, DC – Today, Vice President Kamala Harris and Deputy Secretary of the Treasury Wally Adeyemo announced that the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has awarded over $1.73 billion in grants to 603 Community Development Financial Institutions…
CDFI Fund: FY 2023 Bank Enterprise Award Program Funding Round Opens
Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2023 funding round for the Bank Enterprise Award Program (BEA Program). Application materials are now available on the BEA Program page of the CDFI Fund’s websitein anticipation of the publication of the FY 2023 Notice of Funds…
CDFI Fund: Update Provided on the Implementation of the 2016-2020 American Community Survey Datasets
In June 2022, the Community Development Financial Institutions Fund (CDFI Fund) announced a plan for releasing updated program eligibility information based upon Census Bureau data from the American Community Survey (ACS) 2016-2020 5-year data series. Eligibility requirements for the Bank Enterprise Award Program (BEA Program), Capital Magnet Fund (CMF), Community Development Financial Institutions Program (CDFI Program), Native…
CDFI Fund: Public Comments Requested on Community Development Entity 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 continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the Community Development Financial Institutions Fund (CDFI Fund), U.S….
CDFI Fund: Application Demand for CY 2022 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 197 applications for the calendar year (CY) 2022 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…
CDFI Fund: Annual Compliance, Certification and Reporting Obligations Reminder
Are you the Authorized Representative of an organization that has received a Community Development Financial Institutions Fund Award (CDFI Fund) Award and/or Allocation? If so, don’t forget that in order to maintain compliance with your Assistance and/or Allocation Agreement(s) you must complete and submit the annual compliance report(s) as specified in your agreement(s). Failure to…
CDFI Fund: Upcoming Deadlines for FY 2023 Capital Magnet Fund Round Applicants
As a reminder for fiscal year (FY) 2023 Capital Magnet Fund applicants, the deadline to submit the complete FY 2023 Capital Magnet Fund Application through the Awards Management Information System (AMIS) is March 21, 2023 at 11:59 p.m. Eastern Time (ET). To ensure a successful application submission, the Community Development Financial Institutions Fund (CDFI Fund) encourages…
CDFI Fund: 2023 Annual Certification & Data Collection Report Guidance Materials and Conference Call Announced
The Community Development Financial Institutions Fund (CDFI Fund) has released updated information for Certified Community Development Financial Institutions (CDFIs) regarding the 2023 reporting round for the Annual Certification and Data Collection Report (ACR). The CDFI Fund has updated the supporting information for the ACR to reflect the changes made for the 2023 reporting round, which…