CDFI Fund: FY 2020 Funding Round of BEA Program Is Now Open
Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2020 funding round for the Bank Enterprise Award Program (BEA Program). Application materials are now available on the BEA Program page of the CDFI Fund’s website in anticipation of the publication of the FY 2020 Notice of Funds…
CDFI Fund: Request for Public Comment on Allocation and Qualified Equity Investment Tracking System
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, Public Law 104–13 (44 U.S.C. 3506(c)(2)(A)). Currently, the…
CDFI Fund: Request for Public Comment on Community Development Entity Certification 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 proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the Community Development Financial Institutions Fund (CDFI…
CDFI Fund: Public Comments Sought on FY 2020-2022 Bank Enterprise Award 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 proposed and/or continuing information collections, as required by the Paperwork Reduction Act (PRA) of 1995, 44 U.S.C. 3506(c)(2)(A). Currently, the Community Development…
CDFI Fund: Treasury Guarantees $100 Million in CDFI Bond Funding
Over $1.6 Billion Guaranteed for Projects in Distressed Communities since Establishment of Program U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today the approval of a $100 million guarantee under the Community Development Financial Institutions (CDFI) Bond Guarantee Program. The guarantee will be issued on behalf of three Eligible CDFIs…
CDFI: Application Demand for FY 2019 Round of Capital Magnet Fund 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) 2019 round of its Capital Magnet Fund program. A total of 113 organizations submitted applications requesting more than $522 million in funding. The applicants propose to serve 49 states, the District of…
CDFI Fund: U.S. Treasury Announces FY 2019 CDFI Program and NACA Program Technical Assistance Awards
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 73 organizations more than $9.16 million in awards today. The fiscal year (FY) 2019 Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) Technical Assistance Awards will allow certified Community Development Financial Institutions (CDFIs) and…
CDFI Fund: Certification Requirements Changed for CDFI Program, NACA Program Financial Assistance Applicants
On March 8, 2019, the CDFI Fund issued a Request for Public Comment on the fiscal year (FY) 2020-2022 Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) Application. After reviewing the comments received, the CDFI Fund has decided to proceed with updating the certification requirements to apply for a CDFI…
CDFI Fund: Application Demand for FY 2019 Round of CDFI Program and NACA Program Released
The fiscal year (FY) 2019 application round for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) closed on June 6, 2019. The Community Development Financial Institutions Fund (CDFI Fund) received 546 applications from organizations across the country, requesting a total of $579.54 million. Specifically:* 412 organizations requested…
CDFI Fund: FY 2019 Capital Magnet Fund Funding Round Opens
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened today the fiscal year (FY) 2019 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,…