Additional Conference Calls Scheduled on CDFI Certification for Community Development Capital Initiative

April 1, 2010

In light of the application deadlines being extended for both the Community Development Capital Initiative (CDCI) and any related CDFI Certification applications to April 30, 2010, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has scheduled two additional informational conference calls on the CDFI certification process.

The CDFI Fund invites un-certified potential CDCI applicants to participate in one or more of the remaining informational conference calls designed to answer any questions related to CDFI certification. The teleconferences will be held on the following dates:

• Thursday, April 1, 2010, 3:00 – 4:00 p.m. EDT
• Thursday, April 15, 2010, 3:00 – 4:00 p.m. EDT
• Monday, April 26, 2010, 3:00 – 4:00 p.m. EDT

Each conference call is a stand-alone session in a “question and answer” format that will help organizations navigate the certification process by affording an opportunity to ask specific questions pertaining to their individual circumstances, and benefit from the questions and answers of other potential CDFI certification applicants.

To access any of the conference calls, participants need to call (202) 927-2255 and enter in the pin number 864232. No prior registration is necessary. Please note that the phone number and pin number are the same for all of the teleconference calls.

For more information about CDFI certification and the application process, please view the following resources:

• CDFI Certification Application
• CDFI Certification Application Webcast
• CDFI Certification Application Tips
• CDFI Certification Application Frequently Asked Questions

Potential CDFI Certification applicants may also contact the CDFI Fund Helpdesk by emailing cdfihelp@cdfi.treas.gov or by calling (202) 622-6355.

The Community Development Capital Initiative

The CDCI was announced by the U.S. Treasury Department on February 3, 2010as part of the Administration’s ongoing commitment to improving access to credit in the country’s hardest-hit communities. This new TARP program makes capital available to certain certified CDFIs for the purposes of increasing lending to small businesses and other community development projects that will spur new economic growth.

The application resources for the CDCI can be found on FinancialStability.gov.

CDFI banks, thrifts and credit unions – which have been certified by the Treasury Department – are eligible for capital under the CDCI. The CDCI application deadline has been extended. CDCI application now must be received no later than 5:00 p.m. (ET) on April 30, 2010.

Un-certified financial institutions who would like to participate in the CDCI must also submit a CDFI Certification application. The deadline for these CDFI Certification applications has also been extended. CDFI Certification applications now must be received no later than 5:00 p.m. (ET) on April 30, 2010.

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