Webcast: Workshop on Becoming a Certified CDFI, 8/10/2007, 1:00 P.M. EST
August 9, 2007
The U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund will be conducting a workshop on becoming a certified Community Development Financial Institution – or CDFI – on August 10, 2007 at 1:00 p.m. EST. The training is free of charge and is being conducted as a live, interactive webcast.
- View the webcast: Workshop on Becoming a Certified CDFI
- Please note: The live webcast presentation will not begin until 1:00 p.m. EST on 8/10/2007. The interactive presentation will last approximately 3 hours.
- Download materials: CDFI Certification Application Training (PDF)
- Please note: Presentation materials will be viewable on screen during the live webcast.
- Registration is not required to join the webcast.
- The webcast will be archived on the CDFI Fund website.
- Closed caption versions of the webcast will be available during the live event.
What is a CDFI?
A Community Development Financial Institution (CDFI) is a specialized financial institution that works in market niches that are underserved by traditional financial institutions. CDFIs provide a unique range of financial products and services in economically distressed target markets, such as mortgage financing for low-income and first-time homebuyers and not-for-profit developers, flexible underwriting and risk capital for needed community facilities, technical assistance, commercial loans and investments to small start-up or expanding businesses in low-income areas. CDFIs include regulated institutions such as community development banks and credit unions, and non-regulated institutions such as loan and venture capital funds.
What is Certification as a CDFI?
CDFI Certification is a designation conferred by the CDFI Fund and is a requirement for accessing financial and technical award assistance from the CDFI Fund through the CDFI Program, Native American CDFI Assistance (NACA) Programs, and certain benefits under the Bank Enterprise Award (BEA) Program to support an organization's established community development financing programs.
To become certified, an organization must submit a CDFI Certification Application to the Fund for review. The application must demonstrate that the applicant meets each of the following requirements for the applicant to become certified:
For more information on CDFI Certification, please contact the CDFI Fund at firstname.lastname@example.org or (202) 622-6355.
- Be a legal entity at the time of certification application;
- Have a primary mission of promoting community development;
- Be a financing entity;
- Primarily serve one or more target markets;
- Provide development services in conjunction with its financing activities;
- Maintain accountability to its defined target market; and
- Be a non-government entity and not be under control of any government entity (Tribal governments excluded).