CDFI Fund: 2016 Capital Magnet Fund Application Demand & Review Process Update
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that it received a total of 125 applications under the fiscal year (FY) 2016 round of the Capital Magnet Fund. The Capital Magnet Fund offers competitively awarded grants to finance affordable housing solutions and community revitalization efforts that benefit low-income…
CDFI Fund: CY 2015 and 2016 Rounds of New Market Tax Credits Combined
Combined Round Will Provide Up To $7 Billion in Allocation Authority The Community Development Financial Institutions Fund (CDFI Fund) has amended its Notice of Allocation Availability (NOAA) for the calendar year (CY) 2015 round of the New Markets Tax Credit Program (NMTC Program). The CDFI Fund is releasing the amended NOAA in advance of its…
CDFI Fund: Upcoming Deadlines for FY 2016 CDFI and NACA Programs Round
As a reminder for potential fiscal year (FY) 2016 Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) applicants, the deadline for online submission of the SF-424 through Grants.gov for this year’s CDFI Program and NACA Program funding rounds is March 18, 2016 at 11:59 PM Eastern. The deadline for online…
CDFI Fund: Important Update for FY 2016 Capital Magnet Fund Applicants – Award Amount & FAQs
The Community Development Financial Institutions Fund (CDFI Fund) has determined that there will be $93,472,163 available in awards under the fiscal year (FY) 2016 round of the Capital Magnet Fund. Through the Capital Magnet Fund, the CDFI Fund provides competitively awarded grants to CDFIs and qualified nonprofit housing organizations. Capital Magnet Fund awards finance affordable…
CDFI Fund: Award Management Information System (AMIS) Is Available
The Community Development Financial Institutions Fund (CDFI Fund) launched the Awards Management Information System (AMIS) in September 2015. AMIS is an enterprise-wide business system that is gradually replacing the myCDFIFund portal. Since the launch we have continued to implement updates and improvements to the AMIS tool, including accepting applications for our award programs directly in…