CDFI Fund: ACR Snapshot Reports for FY 2021 through 2023 Released
This month, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released a series of summary snapshot reports for the fiscal years (FYs) 2021, 2022, and 2023 Annual Certification and Data Collection Report (ACR) reporting cycles. Community Development Financial Institutions (CDFIs) are required to submit an ACR on an annual basis…
CDFI Fund: Public Comments Sought on CDFI Bond Guarantee Program Materials
The U.S. Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Pub. L. No. 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently,…
CDFI Fund: Public Comments Sought on the Small Dollar Loan Program Application
The U.S. Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the Community Development Financial Institutions Fund (CDFI Fund), U.S….
CDFI Fund: Call for Community and Economic Development Practitioners to Serve as CDFI Application Reviewers
The Community Development Financial Institutions Fund (CDFI Fund) is issuing a call for well-qualified persons to serve as application reviewers for the calendar year (CY) 2024-2025 round of the New Markets Tax Credit Program (NMTC Program). The CDFI Fund has contracted with Areeva Solutions to recruit reviewers. Recruitment will be conducted by Areeva Solutions on a…
CDFI Fund: FY 2024 CDFI Program and NACA Program Technical Assistance Awards Announced
Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced that 256 organizations received $76.32 million in Technical Assistance (TA) Awards to build their capacity to provide financial products and services to low-income and underserved people and communities across America. The Awards were made through the fiscal year (FY) 2024…
CDFI Fund: CY 2024-2025 Round of New Markets Tax Credit Program Opens
$10 Billion in Allocation Authority Available The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the Notice of Allocation Availability (NOAA) for the next round of the New Markets Tax Credit Program (NMTC Program). A total of $10 billion in Allocation Authority is available through this combined round that…
CDFI Fund: U.S. Department of the Treasury’s CDFI Fund and Federal Housing Finance Agency Collaborate to Bolster CDFI Access to Capital
Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) and the Federal Housing Finance Agency (FHFA) announced the establishment of a Working Group to increase capital for affordable housing lending from the Federal Home Loan Banks. The group will advance the Biden-Harris Administration’s priority of expanding the supply of affordable…
CDFI Fund: $246.4 Million in Capital Magnet Fund Awards Announced to Support Development of 26,400 Affordable Housing Units
Awards will result in more than 26,400 affordable housing units across the country, including more than 25,600 rental units and more than 750 homeownership units. The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today awarded 48 organizations $246.4 million for the development of affordable housing and community facilities serving low-income…
CDFI Fund: Treasury Guarantees $498 Million in Bond Funding for Projects in Low-Income Communities, Marking Largest Bond Issuance in Program History
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced an agreement to issue three guarantees worth $498 million under the CDFI Bond Guarantee Program, the largest issuance in the program’s history. The CDFI Bond Guarantee program provides long-term, fixed-rate capital for projects in low-income urban, rural, and Native communities, and the guarantees…
CDFI Fund: FY 2024 CDFI Program and NACA Program Financial Assistance Awards Announced
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today awarded 357 Community Development Financial Institutions (CDFIs) with $408.2 million in Financial Assistance (FA) awards to provide financial services and products for low-income and underserved individuals and communities across America. The awards were made through the fiscal year (FY) 2024 funding…