CDFI Fund: Application Demand for CY 2023 Round of the NMTC Program Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that it received 196 applications for the calendar year (CY) 2023 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: Application Demand for FY 2024 Round of Small Dollar Loan Program 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) 2024 round of its Small Dollar Loan Program (SDL Program). The SDL Program is intended to expand consumer access to financial institutions by providing alternatives to high-cost small dollar lending. Up to…
CDFI Fund: Webinar on Revised CDFI Certification Application Scheduled for January 31st
The Community Development Financial Institutions Fund (CDFI Fund) will conduct a live webinar to assist organizations in understanding the requirements of the revised CDFI Certification Application. This webinar will be held to discuss updates to the Application FAQs, available new materials, and to take any additional questions. Webinar Details Viewing this webinar requires the use…
CDFI Fund: Webinar Scheduled on CDFI Certification Changes to the Annual Certification and Data Collection Report and Transaction Level Report with Supplemental Guidance
The Community Development Financial Institutions Fund (CDFI Fund) will conduct a live webinar to walk organizations through the requirements of the revised Annual Certification and Data Collection Report (ACR) and Transaction Level Report (TLR) as part of the CDFI Fund’s revised Certification Application and policies. The webinar will not address questions on the revised CDFI…
CDFI Fund: Revised CDFI Certification Application Now Available in AMIS
The revised CDFI Certification Application is now available for submission in the Community Development Financial Institutions Fund’s Awards Management Information System (AMIS). However, as previously indicated earlier this month, the CDFI Fund is implementing a phased approach as outlined below for organizations seeking to become newly Certified or renew their CDFI Certification. Only non-certified organizations are currently able…
CDFI Fund: FY 2024 CDFI Program and NACA Program Application Round Opens
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2024 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: Final Revised CDFI Certification Application Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released a revised Community Development Financial Institution (CDFI) Certification Application today. This CDFI Certification Application, as well as the Annual Certification and Data Collection Report (ACR) and Transaction Level Report (TLR), were approved by the Office of Management and Budget (OMB) and encompass…
CDFI Fund: Update to NMTC Program Compliance FAQs Released
The Community Development Financial Institutions Fund (CDFI Fund) has provided an updated Compliance Frequently Asked Questions (FAQs) document for the New Markets Tax Credit Program (NMTC Program) on its website. This document supersedes the December 2022 publication of the FAQs document by adding, revising, or updating select questions from the earlier edition. Updates include: The updated FAQ…
CDFI Fund: Advisory Board Will Hold Public Meeting Virtually on November 28th
The Community Development Financial Institutions Fund (CDFI Fund) is convening a public meeting of the Community Development Advisory Board (the Advisory Board) from 2:00 to 4:00 p.m. Eastern Standard Time on Tuesday, November 28, 2023. This meeting will be conducted virtually. The function of the Advisory Board is to advise the Director of the CDFI…
CDFI Fund: CY 2023 Round of New Markets Tax Credit Program Opens
$5 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 calendar year (CY) 2023 round of the New Markets Tax Credit Program (NMTC Program). The CDFI Fund is posting the NOAA on its website in anticipation…