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CDFI Fund Seeks Public Comment on Authorizing Statute
Broad Analysis of Riegle Act Announced to Position CDFI Fund for Next 15 Years of Growth
March 2, 2010
Washington, DC - The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) is soliciting comments regarding the CDFI Fund’s authorizing statute - the Riegle Community Development and Regulatory Improvement Act of 1994.
“As part of the CDFI Fund’s 15th Anniversary, we are undertaking a holistic review of our entire authorizing statute. This effort is a critical part of our strategy to position the CDFI Fund to lead another 15 years of growth for CDFIs and the entire community development finance sector,” said CDFI Fund Director Donna J. Gambrell. “I strongly encourage members of the public to provide detailed comments that will be used to formulate future policy and legislative proposals that will increase our support to CDFIs.”
Potential CDFI applicants, community development trade groups and members of the general public are invited to provide written comments. These comments will serve to assist the CDFI Fund in determining if technical corrections, substantive changes, or new provisions should be made to the authorizing statute. Questions included in the request cover issues regarding the CDFI Fund’s flagship Financial and Technical Assistance awards, the Native American CDFI Assistance awards, the Bank Enterprise Awards, and CDFI certification, among other areas.
In addition to this request for written comments, the CDFI Fund will be conducting a series of national listening sessions in distressed communities. Written comments should be received on or before May 2, 2010, for consideration. Submission details are outlined in the Federal Register notice.
Relevant Links:
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[CDFI-2010-12]
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