CDFI Fund: FY 2017 Funding Round for CDFI Program and NACA Program Opens
Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2017 funding round for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program). The CDFI Fund plans to award $190.5 million in FY 2017 in Financial Assistance (FA) and…
CDFI Fund: FY 2016 Funding Round of BEA Program Opens
Today the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2016 application round for the Bank Enterprise Award Program (BEA Program). Application materials are now available on the BEA Program page of the CDFI Fund’s website in anticipation of the February 24, 2017 publication of the…
SBA: New Initiative Announced with GIIRS Rating System for Private Funds and Companies
SBA Administrator Maria Contreras-Sweet today announced a new initiative with Global Impact Investing Rating System (GIIRS), an innovative rating system that evaluates the operational and business model impact of private funds and companies. Under the terms of the understanding, OII will use GIIRS ratings as one factor to rate and authenticate the influx of Impact…
OCC: Roll-Out Begins of Web-Based System for Licensing and Public Welfare Investment Filings
WASHINGTON — The Office of the Comptroller of the Currency (OCC) today launched the agency’s Central Application Tracking System (CATS), which is the OCC’s new web-based system for banks to file licensing and public welfare investment applications and notices. CATS will help authorized national banks, federal savings associations, and federal branches and agencies to draft,…
findCRA Announces New Partnership with AAA Scholarship Foundation
findCRA, a Louisville-based online service focused on social impact and community reinvestment, announced today that they have partnered with AAA Scholarship Foundation, Inc. (AAA), a 501(c)(3) nonprofit organization and approved Scholarship Organization serving six states. AAA Scholarship Foundation administers innovative, state-mandated tax credit scholarship programs that fund K-12 education scholarships exclusively for low-income and special…
OCC: Web-Based System for Licensing and Public Welfare Investment Filings to Launch in 2017
WASHINGTON — The Office of the Comptroller of the Currency (OCC) will launch a web-based system for banks to file licensing and public welfare investment applications and notices beginning early next year. The Central Application Tracking System (CATS) is designed to help authorized national banks, federal savings associations, and federal branches and agencies to draft,…
CDFI Fund: Treasury Guarantees $265 Million in Bond Funding for Projects in Low-Income Communities
Washington, DC—the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that two bonds, totaling $265 million, were issued on behalf of four CDFIs in fiscal year (FY) 2016. A total of $1.11 billion has been guaranteed since the inception of the CDFI Bond Guarantee Program, which provides long-term, fixed-rate capital…
CDFI Fund: U.S. Treasury Awards $185 Million for Community Development in Low-Income Communities
Funds Support CDFI Investment and Revitalization Activity in Distressed Urban, Rural and Native Communities Washington-The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 196 Community Development Financial Institutions (CDFIs) $185.7 million in grants and loans today. The awards, through the fiscal year (FY) 2016 rounds of the Community Development Financial…
CDFI Fund: US Treasury Announces Over $90 Million in Awards for Affordable Housing
Over $900 Million in Private Sector Investment to be Leveraged by Capital Magnet Awards The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 32 organizations nearly $91.5 million in grants today for the development of affordable housing and community facilities in low-income communities. These awards were made through the fiscal…
CDFI Fund: Public Data for NMTC Program for 2003-2014 Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today released data collected on New Markets Tax Credit (NMTC) investments across the nation through fiscal year (FY) 2014. The CDFI Fund requires all Community Development Entities (CDEs) that have been awarded NMTC allocations to submit an annual report detailing how they…