CDFI Fund Releases Guidance and Schedules Webinars on Recovery Act Reporting Requirements

September 15, 2009

Washington, DC - The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today released guidance primarily intended for the monetary award recipients made possible through the American Recovery and Reinvestment Act (Recovery Act). Fifty-nine CDFI Program and 10 Native American CDFI Assistance (NACA) Program Awardees are required to file their first quarterly reports by October 10, 2009. The guidance can be found by visiting: www.cdfifund.gov/recovery/.

The CDFI Fund will also be hosting webinars that will provide a general overview of the Recovery Act reporting requirements and will serve as a forum for these Awardees to ask questions of CDFI Fund staff about CDFI Fund and Recovery Act reporting.

The training will emphasize key elements of the Assistance Agreement; explain the dual reporting responsibilities of these Awardees; provide an overview of the technical solutions and required data elements for reporting on the funds, as well as how to calculate and report Job Creation Estimates to ensure all submitted data are accurate.

The dates for the first webinar are:

Thursday, September 17, 2009 from 3:00 p.m. to 4:30 p.m. (EDT)

To register: https://cc.readytalk.com/r/157ty8yeczzz

Thursday, September 24, 2009 from 4:00 p.m. to 5:30 p.m. (EDT)

To register: https://cc.readytalk.com/r/pag5ln0u64d7

The CDFI Fund’s Recovery Act Awardees have already received invitations directly via e-mail to participate in the above webinars.

For additional Recovery Act reporting information, please contact either of the following CDFI Fund staff:

Candace Coram, Recovery Act Portfolio Manager
coramc@cdfi.treas.gov or (202) 622-5043

Kimberly Panicek, Recovery Act Portfolio Manager
panicekk@cdfi.treas.gov or (202) 622-8955

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[CDFI-2009-47]