CDFI Fund: Application Demand for CY 2021 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 199 applications under the calendar year (CY) 2021 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: FY 2022 CDFI Bond Guarantee Program Application Period Opened
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2022 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 2022. Through the CDFI…
CDFI Fund: New System for Award Management Transitions DUNS to Unique Entity Identifier Beginning March 18, 2022
Effective March 18, 2022, the Community Development Financial Institutions Fund (CDFI Fund) will begin utilizing the new System for Award Management (SAM) issued Unique Entity Identifier (UEI) in its Awards Management Information System (AMIS). What is the UEI?Beginning April 4, 2022, the federal government will stop using the Dun & Bradstreet issued Data Universal Numbering…
CDFI Fund: FY 2022 CDFI Program and NACA Program Application Round Opened
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2022 funding round for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) today. The awards from these programs will support Community Development Financial Institutions (CDFIs) that provide affordable financing…
CDFI Fund: Application Demand for FY 2021 Round of BEA Program Released
Over $1.1 Billion in Increased Investments, Lending and Services in Highly Distressed Communities and to CDFIs The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today the application data for the fiscal year (FY) 2021 round of its Bank Enterprise Award Program (BEA Program). A total of 161 applications were…
CDFI Fund: Civil Rights Act Compliance Reporting Requirements Implemented Beginning in 2022
Award applicants requested to complete a new Title VI Compliance Worksheet starting in 2022 The Civil Rights Act of 1964, which ended segregation in public places and banned employment discrimination on the basis of race, color, religion, sex or national origin, also prohibits discrimination on the basis of race, color, or national origin in programs…
CDFI Fund: New AMIS Interface Coming in January
In October, the Community Development Financial Institutions Fund (CDFI Fund) reported that its Awards Management Information System (AMIS) would be transitioning to an updated user interface. Originally scheduled to occur in mid-December, the conversion to the Salesforce Lightning environment is now scheduled to take place on January 14, 2022. While the Salesforce Lightning interface will improve the AMIS user…
CDFI Fund: Application Demand for FY 2021 Round of Capital Magnet Fund Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the application data for the fiscal year (FY) 2021 round of its Capital Magnet Fund program. A total of 146 organizations submitted applications requesting more than $991.8 million in funding. The applicants propose to serve 48 states, the District of…
CDFI Fund: $180.3 Million Awarded to Support CDFI Investment in Low-Income and Distressed Communities
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 265 Community Development Financial Institutions (CDFIs) $180.3 million in Financial Assistance (FA) awards today. The awards, through the fiscal year (FY) 2021 round of the Community Development Financial Institutions Program (CDFI Program) and the Native American CDFI Assistance Program (NACA Program),…
CDFI Fund: Economic Mobility Corps Applications Due January 5, 2022
In September, the Community Development Financial Institutions Fund (CDFI Fund) announced the availability of up to $1.9 million in funding through the fiscal year (FY) 2022 round of the AmeriCorps CDFI Economic Mobility Corps (EMC), which is a joint initiative of the CDFI Fund and AmeriCorps that places full-time national service members in Certified Community Development Financial…