CDFI Fund: Treasury Guarantees $100 Million in CDFI Bond Funding
Over $1.6 Billion Guaranteed for Projects in Distressed Communities since Establishment of Program U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today the approval of a $100 million guarantee under the Community Development Financial Institutions (CDFI) Bond Guarantee Program. The guarantee will be issued on behalf of three Eligible CDFIs…
CDFI Fund: Revised Compliance Deadlines and Program Milestones for FY 2019
Community Development Financial Institutions Fund (CDFI Fund) Director Jodie Harris recently indicated that CDFI Fund staff were reviewing each program’s timelines and priorities in response to the recent government shutdown. The five-week shutdown requires the CDFI Fund to alter deadlines, and anticipated timelines, for compliance and reporting, awards announcements, and the opening of application rounds….
CDFI Fund: New Dates and Registration Open for FY 2019 CDFI Bond Guarantee Program Application Workshop
Due to the Government shutdown, the CDFI Bond Guarantee Program Application Workshop previously scheduled for January 29 & 30, 2019, was canceled. This two-day workshop for potential fiscal year (FY) 2019 Qualified Issuer and Guarantee applicants has been rescheduled for February 25 & 26, 2019, and will be co-sponsored with and hosted by the Office…
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: Application Period for FY 2018 CDFI Bond Guarantee Program Re-Opened
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today re-opened the fiscal year (FY) 2018 application period for the CDFI Bond Guarantee Program. Recognizing the Consolidated Appropriations Act, 2018, has extended the CDFI Bond Guarantee Program statutory authority until December 31, 2018, the CDFI Fund has decided to amend the…
CDFI Fund: FY 2018 Round CDFI Bond Guarantee Application Deadline Extended to February 16, 2018
On November 2, 2017, the Community Development Financial Institutions Fund (CDFI Fund) announced in a Notice of Guarantee Availability (NOGA) for the CDFI Bond Guarantee Program that the deadline for submitting a fiscal year (FY) 2018 Guarantee Application was 11:59 p.m. Eastern Standard Time (EST) on January 23, 2018. In anticipation of the publication of…
CDFI Fund: Conference Call on 2018 Bond Guarantee Program Round on December 18th and 19th
On November 1, 2017, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2018 application period for the CDFI Bond Guarantee Program. A total of up to $500 million in bond guarantee authority is available to eligible Community Development Financial Institutions (CDFIs) in FY 2018, pending…
SBA: Most Active Surety Partners for FY17 Named
The U.S. Small Business Administration announced today its most active surety companies and agencies for fiscal year (FY) 2017, which contributed to increases in the Surety Bond Guarantee (SBG) Program’s activity. “FY2017 yielded impressive numbers that would not have been possible without our top performing surety partners and bond agencies,” said Peter Gibbs, Acting Director for…
CDFI Fund: Application Period for FY 2018 CDFI Bond Guarantee Program Opens
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2018 application period for the CDFI Bond Guarantee Program. A total of up to $500 million in bond guarantee authority is available to eligible Community Development Financial Institutions (CDFIs) in FY 2018, pending Congressional authorization. Through…
CDFI Fund: Treasury Guarantees $245 Million in Bond Funding for Projects in Low-Income Communities
Washington, DC—U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that Treasury issued two guarantees totaling $245 million under the Community Development Financial Institutions (CDFI) Bond Guarantee Program. The guarantees were issued on behalf of nine Eligible CDFIs under the fiscal year (FY) 2017 round of the program. Over $1.36…