CDFI Fund: More than $18.6 Million in Bank Enterprise Awards Announced for Investment in Low-Income Communities
Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced more than $18.6 million in awards to 102 FDIC-insured financial institutions serving economically distressed communities across the nation. These funds, awarded under the fiscal year (FY) 2016 round of the Bank Enterprise Award Program (BEA Program), will support community and…
CDFI Fund: Update for Capital Magnet Fund Applicants | AMIS Application Now Available
The Application for the fiscal year (FY) 2017 round of the Capital Magnet Fund is now available in the Community Development Financial Institutions Fund’s (CDFI Fund) Awards Management Information System (AMIS). In order to be able to complete their FY 2017 Application in AMIS, applicants must have submitted a valid SF-424 through Grants.gov by July…
CDFI Fund: Application Demand for 2017 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 a total of 230 applications under the 2017 round of the New Markets Tax Credit Program (NMTC Program). The NMTC Program encourages economic development in low-income and distressed communities by making tax credit allocations available to Community…
CDFI: New Markets Tax Credit Program Compliance Report Released
Washington – A new, independent report on the federal New Markets Tax Credit Program (NMTC Program) was released today by Summit Consulting LLC (Summit). The Compliance Review of New Markets Tax Credit Program report (the NMTC Report) was commissioned by the U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund). It examines whether the…
CDFI Fund: Important Reminders for FY 2017 Capital Magnet Fund Applicants
As a reminder for prospective fiscal year (FY) 2017 Capital Magnet Fund applicants, the deadline for online submission of the SF-424 through Grants.gov for the FY 2017 Capital Magnet Fund round is July 28, 2017 at 11:59 p.m. Eastern Time (ET). The deadline for online submission of the application and required materials through the CDFI…
CDFI Fund: Registration Open for FY 2017 Capital Magnet Fund In-Person Application Workshops
Registration is now open to attend in-person application workshops for the fiscal year (FY) 2017 application round of the Capital Magnet Fund. Two in-person workshops—a morning session and an afternoon session—will be held at the CDFI Fund’s offices in Washington, D.C. on July 26, 2017. The same information will be covered during each workshop session….
CDFI Fund: 2017 Funding Round for Capital Magnet Fund Opens
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2017 funding round for the Capital Magnet Fund. Through the Capital Magnet Fund, the CDFI Fund competitively awards funds to CDFIs and qualified non-profit housing organizations. These awards can be used to finance affordable housing activities,…
CDFI Fund: Application Demand for FY 2016 Round of BEA Program Released
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) 2016 round of its Bank Enterprise Award Program (BEA Program). A total of 116 applications were received requesting awards of over $146 million against the $19 million in Program Awards that are…
CDFI Fund: Call for Community and Economic Development Practioners
The Community Development Financial Institutions Fund (CDFI Fund) is issuing a call for well-qualified persons to serve as application reviewers for the 2017 application round of the New Markets Tax Credit Program (NMTC Program). The CDFI Fund has contracted with F2 Solutions to recruit reviewers. Recruitment will be conducted by F2 Solutions on a rolling…
CDFI Fund: Bank Enterprise Award Program Baseline Analysis and Evaluation Report Available
Now available on the Community Development Financial Institutions Fund’s (CDFI Fund’s) website is a new evaluation of the Bank Enterprise Award Program (BEA Program). Commissioned by the CDFI Fund and conducted by A. Reddix and Associates, the Woodstock Institute, and the National Community Reinvestment Coalition, the Bank Enterprise Award Program Baseline Analysis and Evaluation is…