CDFI Fund: Annual CIIS Public Data Release on CDFI Program Recipient Reporting
The Community Development Financial Institutions Fund (CDFI Fund) released today an additional year of data provided by Community Development Financial Institutions (CDFIs) through its data collection system, known as the Community Investment Impact System (CIIS), representing 15 years of data. The data collected covers fiscal years (FYs) 2003 through 2017. This is the last year…
CDFI Fund: $3.5 Billion Announced in New Market Tax Credits
Awards will Spur Economic and Community Development Nationwide Washington – The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $3.5 billion in New Markets Tax Credits today that will spur investment and economic growth in low-income urban and rural communities nationwide. A total of 73 Community Development Entities (CDEs) were…
CDFI Fund: Reminders and Updates for FY 2019 CDFI Program and NACA Program Round Applicants
As a reminder for fiscal year (FY) 2019 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 May 3, 2019 at 11:59 p.m. ET. The deadline for online submission…
CDFI Fund: FY 2019 Funding Round for CDFI Program and NACA Program Open
Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2019 funding round for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program). The awards from these programs will support Community Development Financial Institutions (CDFIs) that provide affordable financing…
CDFI Fund: Update to NMTC Certification, Compliance Monitoring and Evaluation FAQs
The Community Development Financial Institutions Fund (CDFI Fund) has provided an updated Frequently Asked Questions (FAQ) document for New Markets Tax Credit Program (NMTC Program) compliance on its website. This document supersedes the May 2017 publication of the FAQ document by adding, revising, or updating select questions from the earlier edition. Updates include: Information on how allocation…
OCC: Office of the Comptroller of the Currency Fines Citibank, N.A. $25 Million for Violating the Fair Housing Act
The Office of the Comptroller of the Currency (OCC) today assessed a $25 million civil money penalty against Citibank, N.A., for violations of the Fair Housing Act. The OCC found that the bank had certain control weaknesses related to its Relationship Loan Pricing (RLP) program designed to provide eligible mortgage loan customers either a credit…
CDFI Fund: U.S. Treasury Announces $142.9 Million in Awards for Affordable Housing Nationwide
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 38 organizations $142.9 million today for the development of affordable housing and community facilities in low-income communities. These awards were made through the fiscal year (FY) 2018 round of the Capital Magnet Fund, and will support financing for the preservation, rehabilitation, development…
CDFI Fund: Update for FY 2019 CDFI Bond Guarantee Program Applicants – Applications Now Available in AMIS
The electronic applications for the fiscal year (FY) 2019 round of the CDFI Bond Guarantee Program are now available in the Community Development Financial Institutions Fund’s (CDFI Fund’s) Awards Management Information System (AMIS). In addition, the CDFI Fund has posted a PDF version of the Qualified Issuer and Guarantee applications along with an AMIS Bond…
CDFI Fund: Annual CIIS Public Data Released on CDFI Program Recipient Reporting
The Community Development Financial Institutions Fund (CDFI Fund) released today an additional year of data provided by Community Development Financial Institutions (CDFIs) through its data collection system, known as the Community Investment Impact System (CIIS) , representing 14 years of data. The data collected covers fiscal years (FYs) 2003 through 2016. The release contains Institution…
CDFI Fund: FY 2019 CDFI Bond Guarantee Program Application Period Now Open
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2019 application period for the CDFI Bond Guarantee Program. The CDFI Bond Guarantee Program responds to the critical market demand for long-term, low-cost capital that can be used to spur economic growth in low-income communities. Through…