Publication Details Exceptional Performance and Results in 2010

January 18, 2011

Washington, DC - The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today announced the release of its fiscal year (FY) 2010 Performance and Accountability Report. An important annual publication that comprehensively assesses the operations of the CDFI Fund, this year’s PAR documents the many successful achievements the CDFI Fund realized in its 15th anniversary year.

"The FY 2010 Performance and Accountability Report attests to the CDFI Fund’s strong achievements in a year of unprecedented challenges for the economically distressed communities we serve,” said CDFI Fund Director Donna J. Gambrell. “The CDFI Fund has not only been at the forefront of spurring economic recovery in our nation’s hardest hit communities with significantly expanded responsibilities, but has also achieved critical improvements in its performance, as the unqualified opinion from our FY 2010 audit report demonstrates."

A year of sustained growth and heightened visibility, FY 2010 saw the CDFI Fund announce more awards than any other year in its history, while also meeting extraordinary certification and compliance goals. In FY 2010, the CDFI Fund announced new funding under the Community Development Capital Initiative and the Capital Magnet Fund, launched the new Capacity Building Initiative and certified or re-certified approximately 200 entities as CDFIs, increasing the total number of certified CDFIs by over fifteen percent.

The CDFI Fund is strongly committed to building upon the accomplishments highlighted in the FY 2010 Performance and Accountability Report and to executing its core mission of serving economically distressed communities with excellence.

• Performance and Accountability Report for FY 2010

For more information on the CDFI Fund and its programs, please visit http://www.cdfifund.gov.