CDFI Fund to Hold Information Conference Calls on CDFI Certification for Community Development Capital Initiative
February 18, 2010
On February 3, 2010, the U.S. Department of the Treasury announced details of the Community Development Capital Initiative (CDCI) as 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 Community Development Financial Institutions (CDFIs) for the purposes of increasing lending to small businesses and other community development projects that will spur new economic growth.
Today, the application resources for the CDCI were released and 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. Un-certified financial institutions who would like to participate in the CDCI must submit a CDFI Certification application by 5:00 p.m. on April 16, 2010.
The Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund) is inviting un-certified potential CDCI applicants to participate in one or more informational CDFI certification teleconferences designed to answer any questions related to CDFI certification on the following dates:
- Thursday, March 4, 2010, 3:00 – 4:00 p.m. ET
- Thursday, March 18, 2010, 3:00 – 4:00 p.m. ET
- Thursday, April 1, 2010, 3:00 – 4:00 p.m. ET
Each conference call is a stand-alone session in a “question and answer” format that will help CDFIs 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:
You may also contact the CDFI Fund Helpdesk by emailing firstname.lastname@example.org or by calling (202) 622-6355.