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 […]

Census Bureau: New Journey-to-Work Report Released

The U.S. Census Bureau today released a report describing trends in working from home before and after the COVID-19 pandemic hit the United States in March 2020. The report, Home-Based Workers and the COVID-19 Pandemic, uses 2019 and 2021 American Community Survey (ACS) 1-year estimates to compare teleworking sociodemographic, geographic and […]

FHFA: Enhanced Payment Deferral Policies Announced for Borrowers Facing Financial Hardship

The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac (the Enterprises) will enhance their payment deferral policies to allow borrowers facing financial hardship to defer up to six months of mortgage payments. The enhanced payment deferral policies will promote sustainable homeownership and will further support […]

HUD: Additional $3.4 Million in American Rescue Plan Funds Available for the Fair Housing Initiatives Program

Agencies can apply to grants opportunities to fight housing discrimination related to the COVID-19 Pandemic until May 11, 2023; Resources build on COVID-19 related loss mitigation efforts that kept nearly 2 million people in their homes during the COVID-19 National Emergency The U.S. Department of Housing and Urban Development (HUD) […]

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 […]

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 […]

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 […]