To prepare potential applicants for the fiscal year (FY) 2016 round of the CDFI Bond Guarantee Program, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has announced that it will conduct three (3) workshops for potential applicants. As the workshops will discuss the alternative financing structure for the program, the CDFI Fund is also extending the CDFI Certification Application deadline for the FY 2016 round.
FY 2016 CDFI Bond Guarantee Program Application Workshops
The workshops will be held on February 16 – February 18, 2016 in Washington, D.C.; March 2, 2016 in San Francisco, California; and March 4, 2016 in Dallas, Texas.
The workshops will expand the CDFI industry’s knowledge of the CDFI Bond Guarantee Program and will provide information about the application process, including the review and evaluation of applications. One day in Washington, D.C. will also be dedicated to the certification, capitalization, and structuring requirements for Qualified Issuers that wish to use an alternative financing structure during the FY 2016 round of the program.
Days one and two of the Washington, D.C. session will cover the general program requirements and the application review process, and will provide participants with the ability to hear directly from approved Qualified Issuers. Day three of the Washington, D.C. session will cover the requirements for an alternative financing structure and will allow for a discussion of the structure and technical assistance.
The one day sessions in San Francisco, California and Dallas, Texas will cover the general program requirements (including the alternative financing structure) and the application review process, and will include dedicated time for application technical assistance.
Participants may register for one or all of the sessions, although it’s highly encouraged that participants interested in the alternative financing structure attend day three in Washington, D.C. Attendees at all sessions will have the opportunity to ask questions and receive clarification about the topics covered in the workshop.
Prospective program participants and certified CDFIs are strongly encouraged to attend the workshops. In addition, the CDFI Fund encourages the participation of community development trade groups and associations and others interested in community economic development finance.
The CDFI Fund has more information about the FY 2016 round, including important due dates and deadlines, on the CDFI Fund’s website.
CDFI Certification Application Deadline Extension
The CDFI Fund is extending the CDFI Certification Application Deadline from February 12, 2016 to March 4, 2016 for the FY 2016 round of the CDFI Bond Guarantee Program. This extension is to provide an opportunity for interested parties to learn more about participating in the program using an alternative financing structure, which will be discussed in detail at the application workshops.
CDFI Bond Guarantee Program Application Workshops
Registration is required. The workshops are free of charge, however, due to limited space, registration will be honored on a first come, first served basis. Up to 100 participants may attend each day of the workshop. Sessions will include a lunch break from approximately 12:15 p.m. to 1:30 p.m.; lunch will not be provided. Registration for all of the workshops closes at 5 p.m. EDT on February 11, 2016.
Workshop 1: Washington, D.C. – Three Day Session
Day 1, February 16, 2016: Introduction to the CDFI Bond Guarantee Program, General Recourse-Secured Structure, and Application Overview
Day 2, February 17, 2016: Introduction to the CDFI Bond Guarantee Program, General Recourse-Secured Structure, Case Study, and Qualified Issuer Presentations
Day 3, February 18, 2016: Alternative Financing Structure Requirements
Location: CDFI Fund Headquarters, 1801 L Street, NW, Washington, DC 20036
Workshop 2: San Francisco, California – One Day Session
March 2, 2016: Introduction to the CDFI Bond Guarantee Program, General Recourse-Secured Structure, Alternative Financing Structure, Application Overview, and Technical Assistance
Location: Federal Reserve Bank of San Francisco, 101 Market Street, San Francisco, California 94105
Workshop 3: Dallas, Texas – One Day Session
March 4, 2016: Introduction to the CDFI Bond Guarantee Program, General Recourse-Secured Structure, Alternative Financing Structure, Application Overview, and Technical Assistance
Location: Federal Reserve Bank of Dallas, 2200 North Pearl Street, Dallas, Texas 75201
Registration for all workshops is available here and on the CDFI Fund’s website at www.cdfifund.gov/bond, under Step 2: How to Apply.
Questions
Questions about the workshops can be directed to the CDFI Fund’s CDFI Bond Guarantee Program Help Desk at bgp@cdfi.treas.gov or (202) 653-0421, option 5. Learn more about the CDFI Bond Guarantee Program at www.cdfifund.gov/bond or by viewing the program’s fact sheet.