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Empowering America's ECONOMICALLY Distressed Communities

What does the CDFI Fund Do?

The Community Development Financial Institutions Fund (CDFI Fund) plays an important role in generating economic growth and opportunity in some of our nation’s most distressed communities. By offering tailored resources and innovative programs that invest federal dollars alongside private sector capital, the CDFI Fund serves mission-driven financial institutions that take a market-based approach to supporting economically disadvantaged communities. These mission-driven organizations are encouraged to apply for CDFI Certification and participate in CDFI Fund programs that inject new sources of capital into neighborhoods that lack access to financing.

Each business financed, each job created, and each home built represents a critical step in the transformation of a life, a family, and a community. This is real change. This is the CDFI Fund. Discover More >

Are you an individual or business seeking a loan?

Click here to learn how to find CDFIs and CDEs that are providing services in your community.

 

 

Bank Enterprise Award Programhttps://www.cdfifund.gov/Lists/CDFI Program Areas/DispForm.aspx?ID=1Bank Enterprise Award ProgramThe BEA Program provides awards to FDIC-insured institutions for eligible investments. The BEA Program provides awards to FDIC-insured institutions for eligible investments. /programs-training/Programs/bank_enterprise_award/Pages/default.aspx
CDFI Bond Guarantee Programhttps://www.cdfifund.gov/Lists/CDFI Program Areas/DispForm.aspx?ID=5CDFI Bond Guarantee Program The CDFI Bond Guarantee Program is a source of long-term, patient capital for CDFIs. The CDFI Bond Guarantee Program is a source of long-term, patient capital for CDFIs. /programs-training/Programs/cdfi-bond/Pages/default.aspx
CDFI Programhttps://www.cdfifund.gov/Lists/CDFI Program Areas/DispForm.aspx?ID=6CDFI ProgramThe CDFI Program provides Financial and Technical Assistance awards to CDFIs./programs-training/Programs/cdfi-program/Pages/default.aspx
Capacity Building Initiativehttps://www.cdfifund.gov/Lists/CDFI Program Areas/DispForm.aspx?ID=2Capacity Building Initiative The Capacity Building Initiative is a source of training and technical assistance for CDFIs. The Capacity Building Initiative is a source of training and technical assistance for CDFIs. /programs-training/training-ta/Pages/default.aspx
Capital Magnet Fundhttps://www.cdfifund.gov/Lists/CDFI Program Areas/DispForm.aspx?ID=3Capital Magnet FundThe Capital Magnet Fund encourages the development of affordable housing in low-income communities.The Capital Magnet Fund encourages the development of affordable housing in low-income communities./programs-training/Programs/cmf/Pages/default.aspx
Native Initiativeshttps://www.cdfifund.gov/Lists/CDFI Program Areas/DispForm.aspx?ID=7Native InitiativesThe Native Initiatives provides awards, training, and technical assistance to CDFIs serving Native Communities.The Native Initiatives provides awards, training, and technical assistance to CDFIs serving Native Communities./programs-training/Programs/native-initiatives/Pages/default.aspx
New Markets Tax Credit Programhttps://www.cdfifund.gov/Lists/CDFI Program Areas/DispForm.aspx?ID=8New Markets Tax Credit Program The New Markets Tax Credit encourages economic and community development in low-income communities. The New Markets Tax Credit encourages economic and community development in low-income communities. /programs-training/Programs/new-markets-tax-credit/Pages/default.aspx

Impact We Make

The vision of the Community Development Financial Institutions Fund (the CDFI Fund) is to economically empower America’s underserved and distressed communities.

View the CDFI Fund's Blog

 Announcements

 

 

Update for Capital Magnet Fund Applicants: Electronic Application Now Availablehttps://www.cdfifund.gov/Lists/CDFI News/AllItems.aspxhttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=195Update for Capital Magnet Fund Applicants: Electronic Application Now Available<p>The electronic application for the fiscal year (FY) 2016 round of the Capital Magnet Fund is now available in the Community Development Financial Institutions Fund (CDFI Fund)’s Awards Management Information System (AMIS) and in Grants.gov. </p><p>All applicants must be registered in SAM.gov, Grants.gov, and AMIS to apply for funding. Organizations should confirm that their AMIS accounts are up-to-date as soon as possible in order to avoid potential application submission problems. New potential applicants are encouraged to begin the registration process now. Registration guidance for Grants.gov and SAM.gov can be found on the websites for those systems. Guidance on using AMIS (including registration) can be found at <a href="https://amis.cdfifund.gov/" target="_blank">https://amis.cdfifund.gov/</a>. </p><p>The CDFI Fund <b>strongly recommends</b> that the instructions and application timelines are reviewed closely by both first-time and repeat applicants and that applicants give themselves adequate time to submit their applications using AMIS.</p><p>To assist potential applicants, the CDFI Fund has provided application guidance and frequently asked questions on its website, www.cdfifund.gov/cmf, under Step 2: Apply. There, applicants can also find information about upcoming live webinars about the FY 2016 Capital Magnet Fund application and AMIS application submission process. </p><p><b>Reminder about Deadlines</b></p><ul><li><p>The deadline for submission of the Capital Magnet Fund application materials due through Grants.gov is 11:59 p.m. Eastern Time (ET) on Wednesday, March 16, 2016.</p></li><li><p>The deadline for submission of the Capital Magnet Fund application materials due through the CDFI Fund’s Award Management Information System (AMIS) is 11:59 p.m. ET on Wednesday, March 30, 2016.</p></li><li><p>The CDFI Fund will stop taking questions about the application at 5:00 p.m. ET on Monday, March 28, 2016. </p></li><li><p>The CDFI Fund will stop providing technical assistance about submitting the application through AMIS at 5:00 p.m. ET on Wednesday, March 30, 2016.</p></li></ul><p><b>Additional Materials </b></p><p>Potential Applicants are <b>strongly encouraged</b> to review these materials before preparing their applications. </p><ul><li><p><a href="/Documents/CMF%20NOFA%20FY%202016%20final%202%203%2015%20clean.pdf" target="_blank">2016 Capital Magnet Fund Notice of Funds Availability</a></p></li><li><p><a href="/Documents/CMF%20regulations%20final%202%203%2016%20clean.pdf" target="_blank">Capital Magnet Fund Interim Rule</a> </p></li></ul><p>Please view the CDFI Fund’s website at <a href="http://www.cdfifund.gov/cmf" target="_blank">www.cdfifund.gov/cmf</a> for full details about the Capital Magnet Fund and how to apply to the FY 2016 application round. Please direct any questions to the Capital Magnet Fund’s Help Desk at (202) 653-0421 or <a href="mailto:cmf@cdfi.treas.gov">cmf@cdfi.treas.gov</a>.  </p> 2016-02-05T05:00:00ZUpdates195
CDFI Fund Opens FY 2016 Funding Round for Capital Magnet Fundhttps://www.cdfifund.gov/Lists/CDFI News/AllItems.aspxhttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=189CDFI Fund Opens FY 2016 Funding Round for Capital Magnet Fund<p>The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened today the fiscal year (FY) 2016 funding round for the Capital Magnet Fund. </p><p>Through the Capital Magnet Fund, the CDFI Fund provides competitively awarded grants to CDFIs and qualified non-profit housing organizations. These awards can be used to finance affordable housing activities, as well as related economic development activities (including community service facilities), with the objective of revitalizing low-income communities and underserved rural areas. Funding for the Capital Magnet Fund comes from allocations made by the Government-Sponsored Enterprises Fannie Mae and Freddie Mac. The total amount of funds available for the FY 2016 round will be determined in early 2016. Currently, the CDFI Fund estimates that approximately $80 million will be available for the FY 2016 round. </p><p>Capital Magnet Fund awardees are able to utilize funds to create financing tools such as loan loss reserves, revolving loan funds, risk-sharing loans, and loan guarantees. Recipients are required to leverage private and public funds to finance affordable housing and economic development activities that yield a minimum ratio of 10:1. </p><p>In order to provide potential applicants with as much time as possible, the CDFI Fund is posting the Notice of Funds Availability (NOFA) and application materials for the Capital Magnet Fund on the CDFI Fund’s website today in advance of the publication of the NOFA in the Federal Register later this week. </p><p> <b>Deadlines</b></p><ul><li><p>The deadline for submission of the Capital Magnet Fund application materials due through Grants.gov is 11:59 p.m. Eastern Time (ET) on Wednesday, March 16, 2016. </p></li><li><p>The deadline for submission of the Capital Magnet Fund application materials due through the CDFI Fund’s Award Management Information System (AMIS) is 11:59 p.m. ET on Wednesday, March 30, 2016.</p></li><li><p>The CDFI Fund will stop taking questions about the application at 5:00 p.m. ET on Monday, March 28, 2016.</p></li><li><p>The CDFI Fund will stop providing technical assistance about submitting the application through AMIS at 5:00 p.m. ET on Wednesday, March 30, 2016.</p></li></ul><p>Please see the NOFA for more information on submitting Capital Magnet Fund applications.</p><p> <b>Application Materials</b></p><p>The FY 2016 Capital Magnet Fund NOFA, application, application instructions, and related guidance can be found on the CDFI Fund’s website at <a href="/cmf" target="_blank">www.cdfifund.gov/cmf</a> under How to Apply Step 2: Apply. </p><p>Application materials will be available online through Grants.gov and AMIS. All applicants must be registered in SAM.gov, Grants.gov, and AMIS to apply for funding. Organizations should confirm that their accounts are up-to-date as soon as possible in order to avoid potential application submission problems. New potential applicants are encouraged to begin the registration process now. Registration guidance for Grants.gov and SAM.gov can be found on the websites for those systems. Guidance on using AMIS (including registration) can be found at <a href="https://amis.cdfifund.gov/" target="_blank">https://amis.cdfifund.gov/</a>. </p><p>The CDFI Fund will send out an additional notification when the electronic application is available in AMIS for application submission. The CDFI Fund strongly recommends that the instructions and application timelines are reviewed closely by both first-time and repeat applicants and that applicants give themselves adequate time to submit their applications using AMIS.</p><p> <b>Learn About Applying to the Capital Magnet Fund </b></p><p>The CDFI Fund will be holding several live webinar sessions to learn more about the FY 2016 Capital Magnet Fund round. </p><ul><li><p>Thursday, February 11, 2016 at 2:00 p.m. ET: General Application Webinar</p></li><li><p>Tuesday, February 16, 2016 at 1:00 p.m. ET: Webinar for Certified CDFIs</p></li><li><p>Thursday, February 18, 2016 at 2:00 p.m. ET: Webinar for Nonprofit Housing Organizations</p></li><li><p>Wednesday, February 24, 2016 at 1:00 p.m. ET: General Application Webinar</p></li><li><p>Tuesday, March 1, 2016 at 1:00 p.m. ET: AMIS Technical Webinar</p></li><li><p>Thursday, March 3, 2016 at 3:00 p.m. ET: AMIS Technical Webinar</p></li></ul><p> <b>Access information for all webinars is available <a href="/programs-training/Programs/cmf/Pages/apply-step.aspx#step2" target="_blank">on the CDFI Fund's website here</a>.</b></p><p> No prior registration is necessary. Requests for reasonable accommodations under section 504 of the Rehabilitation Act should be directed to Michael Jones at 202-653-0300 no later than 48 hours before the conference calls begin. Presentation materials will be added to the CDFI Fund’s website after the webinars are held. </p><p> <b>Questions</b></p><p>For more information on the Capital Magnet Fund, please contact the CDFI Fund’s Help Desk by e-mailing <a href="mailto:cmf@cdfi.treas.gov" target="_blank">cmf@cdfi.treas.gov</a> or by calling (202) 653-0421. The CDFI Fund will stop responding to questions about the FY 2016 award round at <b>5:00 p.m. ET on Monday, March 28, 2016.</b> </p><p>To learn more about the CDFI Fund and its programs, please visit <a href="http://www.cdfifund.gov/" target="_blank">www.cdfifund.gov</a>.   </p>2016-02-02T05:00:00ZUpdates189
Update for 2016 CDFI Bond Guarantee Program Applicants: Application Workshops and Deadlineshttps://www.cdfifund.gov/Lists/CDFI News/AllItems.aspxhttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=194Update for 2016 CDFI Bond Guarantee Program Applicants: Application Workshops and Deadlines<p>To prepare potential applicants for the fiscal year (FY) 2016 round of the CDFI Bond Guarantee Program, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has announced that it will conduct three (3) workshops for potential applicants. As the workshops will discuss the alternative financing structure for the program, the CDFI Fund is also extending the CDFI Certification Application deadline for the FY 2016 round.</p><p><b><br>FY 2016 CDFI Bond Guarantee Program Application Workshops </b></p><p>The workshops will be held on February 16 – February 18, 2016 in Washington, D.C.; March 2, 2016 in San Francisco, California; and March 4, 2016 in Dallas, Texas. </p><p>The workshops will expand the CDFI industry’s knowledge of the CDFI Bond Guarantee Program and will provide information about the application process, including the review and evaluation of applications. One day in Washington, D.C. will also be dedicated to the certification, capitalization, and structuring requirements for Qualified Issuers that wish to use an <em>alternative financing structure </em>during the FY 2016 round of the program.</p><p>Days one and two of the Washington, D.C. session will cover the general program requirements and the application review process, and will provide participants with the ability to hear directly from approved Qualified Issuers. Day three of the Washington, D.C. session will cover the requirements for an alternative financing structure and will allow for a discussion of the structure and technical assistance. </p><p>The one day sessions in San Francisco, California and Dallas, Texas will cover the general program requirements (including the alternative financing structure) and the application review process, and will include dedicated time for application technical assistance. </p><p>Participants may register for one or all of the sessions, although it’s highly encouraged that participants interested in the alternative financing structure attend day three in Washington, D.C. Attendees at all sessions will have the opportunity to ask questions and receive clarification about the topics covered in the workshop.</p><p>Prospective program participants and certified CDFIs are strongly encouraged to attend the workshops. In addition, the CDFI Fund encourages the participation of community development trade groups and associations and others interested in community economic development finance.</p><p>The CDFI Fund has more information about the FY 2016 round, including important due dates and deadlines, on the CDFI Fund’s <a href="/programs-training/Programs/cdfi-bond/Pages/apply-step.aspx#step2">website</a>.</p><p><b><br>CDFI Certification Application Deadline Extension</b></p><p>The CDFI Fund is extending the CDFI Certification Application Deadline from February 12, 2016 to <b>March 4, 2016</b> for the FY 2016 round of the CDFI Bond Guarantee Program. This extension is to provide an opportunity for interested parties to learn more about participating in the program using an alternative financing structure, which will be discussed in detail at the application workshops. </p><p><b><br>CDFI Bond Guarantee Program Application Workshops</b></p><p>Registration is required. The workshops are free of charge, however, due to limited space, registration will be honored on a first come, first served basis. Up to 100 participants may attend each day of the workshop. Sessions will include a lunch break from approximately 12:15 p.m. to 1:30 p.m.; lunch will not be provided. <strong>Registration for all of the workshops closes at 5 p.m. EDT on February 11, 2016.</strong></p><p><b><br>Workshop 1: Washington, D.C. – Three Day Session</b></p><p><i>Day 1, February 16, 2016:</i> Introduction to the CDFI Bond Guarantee Program, General Recourse-Secured Structure, and Application Overview</p><p><i>Day 2, February 17, 2016:</i> Introduction to the CDFI Bond Guarantee Program, General Recourse-Secured Structure, Case Study, and Qualified Issuer Presentations</p><p><i>Day 3, February 18, 2016:</i> Alternative Financing Structure Requirements </p><p><i>Location:</i> CDFI Fund Headquarters, 1801 L Street, NW, Washington, DC 20036</p><p><b><br>Workshop 2: San Francisco, California – One Day Session</b></p><p><i>March 2, 2016:</i> Introduction to the CDFI Bond Guarantee Program, General Recourse-Secured Structure, Alternative Financing Structure, Application Overview, and Technical Assistance </p><p><i>Location:</i> Federal Reserve Bank of San Francisco, 101 Market Street, San Francisco, California 94105</p><p><b><br>Workshop 3: Dallas, Texas – One Day Session</b></p><p><i>March 4, 2016:</i> Introduction to the CDFI Bond Guarantee Program, General Recourse-Secured Structure, Alternative Financing Structure, Application Overview, and Technical Assistance </p><p><i>Location:</i> Federal Reserve Bank of Dallas, 2200 North Pearl Street, Dallas, Texas 75201</p><p><b><br><a href="http://www.cvent.com/d/8fqqdz" target="_blank">Registration for all workshops is available here</a></b> and on the CDFI Fund’s website at <a href="http://www.cdfifund.gov/bond">www.cdfifund.gov/bond</a>, under Step 2: How to Apply.</p><p><b><br>Questions</b></p><p>Questions about the workshops can be directed to the CDFI Fund’s CDFI Bond Guarantee Program Help Desk at <a href="mailto:bgp@cdfi.treas.gov">bgp@cdfi.treas.gov</a> or (202) 653-0421, option 5. Learn more about the CDFI Bond Guarantee Program at <a href="http://www.cdfifund.gov/bond">www.cdfifund.gov/bond</a> or by viewing the program’s <a href="/Documents/CDFI7205_FS_BOND_updatedJan2016.pdf" target="_blank">fact sheet</a>.</p> 2016-01-29T05:00:00ZUpdates194

 Upcoming Events

 

 

Certification conference callshttps://www.cdfifund.gov/Lists/CDFI Events/DispForm.aspx?ID=7Certification conference calls2015-09-17T19:00:00Z2015-09-17T20:00:00ZConference Call: 1-(888)-677-5132 with Passcode 12507990x01020041E1D5678A3CED4385147CFE255D181700355905A9067BF24DA9A2A59A2925ED667
Certification conference callshttps://www.cdfifund.gov/Lists/CDFI Events/DispForm.aspx?ID=8Certification conference calls2015-10-15T19:00:00Z2015-10-15T20:00:00ZConference Call: 1-(888)-677-5132 with Passcode 12507990x01020041E1D5678A3CED4385147CFE255D181700355905A9067BF24DA9A2A59A2925ED668
Certification conference callshttps://www.cdfifund.gov/Lists/CDFI Events/DispForm.aspx?ID=9Certification conference calls2015-11-19T20:00:00Z2015-11-19T21:00:00ZConference Call: 1-(888)-677-5132 with Passcode 12507990x01020041E1D5678A3CED4385147CFE255D181700355905A9067BF24DA9A2A59A2925ED669

 

 

Listening Tourhttps://www.cdfifund.gov/Lists/CDFI Tools Resources/DispForm.aspx?ID=11Listening TourCDFI Fund's Framework for the Future<img alt="" src="/SiteCollectionImages/pic-highlight1.jpg" style="BORDER:0px solid;" />/Pages/next-five-years.aspx

 

 

Request a Speakerhttps://www.cdfifund.gov/Lists/CDFI Tools Resources/DispForm.aspx?ID=5Request a SpeakerSchedule a Speaker for your next event<img alt="" src="/Style%20Library/cdfi/pic-highlight1.jpg?s=F3BB8F79FA7B0B4E2E89F19CE8111068BA762963" style="BORDER:0px solid;" />/Pages/speaker-request.aspx

CDFI Fund Tools & Resources

Access Tools and Resources

Access the CDFI Fund's database systems below. Use the Awards Database search to find CDFI Fund awardees by state for all of the CDFI Fund's programs. AMIS is the CDFI Fund's new Awards Management Information System, which will replace myCDFIFund.

 

 

AMIShttps://www.cdfifund.gov/Lists/CDFI Tools Resources/DispForm.aspx?ID=3AMISicon-communityHome;#0x0100178F0095A2AE7A4FBED67E33256F670E0400E5EE0B704BCEE64CA003554D82DE23E23http://amis.cdfifund.gov
Community Investment Impact Systemhttps://www.cdfifund.gov/Lists/CDFI Tools Resources/DispForm.aspx?ID=1Community Investment Impact Systemicon-checkmarkHome;#0x0100178F0095A2AE7A4FBED67E33256F670E0400E5EE0B704BCEE64CA003554D82DE23E21/Pages/ciis.aspx
CIMS Mapping Toolhttps://www.cdfifund.gov/Lists/CDFI Tools Resources/DispForm.aspx?ID=2CIMS Mapping Toolicon-mapHome;#0x0100178F0095A2AE7A4FBED67E33256F670E0400E5EE0B704BCEE64CA003554D82DE23E22/Pages/mapping-system.aspx

Awards Database

Find CDFIs in your community