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…
CDFI Fund: Electronic Applications For Capital Magnet Fund Now Available
The electronic application for the fiscal year (FY) 2016 round of the Capital Magnet Fund is now available in the Community Development Financial Institutions Fund (CDFI Fund)’s Awards Management Information System (AMIS) and in Grants.gov. All applicants must be registered in SAM.gov, Grants.gov, and AMIS to apply for funding. Organizations should confirm that their AMIS…
CDFI Fund: FY 2016 Funding Round For Capital Magnet Fund Opened
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened today the fiscal year (FY) 2016 funding round for the Capital Magnet Fund. Through the Capital Magnet Fund, the CDFI Fund provides competitively awarded grants to CDFIs and qualified non-profit housing organizations. These awards can be used to finance affordable housing…
CDFI Fund: 2016 CDFI Bond Guarantee Program Application Workshops And Deadlines
To prepare potential applicants for the fiscal year (FY) 2016 round of the CDFI Bond Guarantee Program, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has announced that it will conduct three (3) workshops for potential applicants. As the workshops will discuss the alternative financing structure for the program, the…
CDFI Fund: Upcoming FY 2016 CDFI Program Application Release And Workshops Scheduled
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) is tentatively planning to release the Notice of Funds Availability (NOFA) and applications for the FY 2016 Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) in mid- to late February 2016. These programs provide awards…
CDFI Fund: Application Demand for 2015 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 238 applications under the 2015 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 credits available to Community Development…
CDFI Fund: Treasury Guarantees $327 Million in Bond Funding to Low-Income Communities
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that an additional nine bond loans, totaling $327 million, were guaranteed in fiscal year (FY) 2015, bringing the total guaranteed to date to $852 million. All of the bond proceeds, provided through the Community Development Financial Institutions Bond Guarantee Program…