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for the Future

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.

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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

 

 

A Public Meeting of the CDFI Fund's Advisory Board Will be Held on November 16, 2017 in Washington, DChttps://www.cdfifund.gov/Lists/CDFI News/AllItems.aspxhttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=275A Public Meeting of the CDFI Fund's Advisory Board Will be Held on November 16, 2017 in Washington, DC<p>The Community Development Financial Institutions Fund (CDFI Fund) is convening a meeting of the Community Development Advisory Board (the Advisory Board) from 9:00 a.m. to 3:30 p.m. Eastern Standard Time on Thursday, November 16, 2017. The Advisory Board meeting will be held in the Cash Room at the U.S. Department of the Treasury located at 1500 Pennsylvania Avenue, NW, Washington, DC 20220.</p><p>The function of the Advisory Board is to advise the Director of the CDFI Fund on the policies regarding the activities of the CDFI Fund. The Advisory Board does not advise the CDFI Fund on approving or declining any particular application for monetary or non-monetary awards. </p><p> <a href="/Documents/CDAB%20November%20Meeting%20Notice%202017-22278.pdf" target="_blank">Please use this link to view the official meeting notice.</a></p><p> <b>Meeting Registration & Deadline</b></p><p>The Cash Room will accommodate up to 50 members of the public on a first-come, first-served basis. Because the meeting will be held in a secured federal building, members of the public who wish to attend the meeting must register in advance.</p><p>The registration deadline is 11:59 p.m. Eastern Standard Time on Thursday, November 9, 2017, or once the room capacity is reached. For entry into the building on the date of the meeting, each attendee must present his/her government issued ID, such as a driver’s license or passport, which includes a photo.</p><p>Please use the following link to register: ​​<a href="http://www.cvent.com/events/cdfi-advisory-board-meeting-11-16-17/event-summary-7df128479aa64516910cb6c9dc61ab39.aspx" target="_blank">http://www.cvent.com/events/cdfi-advisory-board-meeting-11-16-17/event-summary-7df128479aa64516910cb6c9dc61ab39.aspx</a></p> <p> <b>Public Accommodations</b></p><p>To be compliant with section 504 of the Rehabilitation Act, the U.S. Department of the Treasury will make reasonable accommodations if you require assistance with any of the following; visual, audio or mobility. Please contact Marcia Wilson by calling (202) 622-8177 or via email at Marcia.Wilson@treasury.gov.</p><p>Please be aware that the U.S. Department of the Treasury building has stairs outside of the main entrance.</p><p> <b>Live Webcast</b></p><p>You may view the public meeting as a live webcast. You do not need to register to view the webcast. The webcast will also be archived and available for viewing a few days after the meeting. </p><p>Please use the following link to view the live webcast: <a href="http://www.yorkcast.com/treasury/events/2017/11/16/cdfi" target="_blank">http://www.yorkcast.com/treasury/events/2017/11/16/cdfi</a> </p><p> <b>Questions</b></p><p>Any questions can be directed to Bill Luecht in the Office of Legislative and External Affairs by calling (202) 653-0322 or via e-mail at <a href="mailto:AdvisoryBoard@cdfi.treas.gov">AdvisoryBoard@cdfi.treas.gov</a>.  </p>2017-10-16T04:00:00ZUpdates275
CDFI Fund to Release Updated Program Eligibility Information: 2011-2015 American Community Survey Census Bureau Datahttps://www.cdfifund.gov/Lists/CDFI News/AllItems.aspxhttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=274CDFI Fund to Release Updated Program Eligibility Information: 2011-2015 American Community Survey Census Bureau Data<p>The Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has established a plan for releasing updated program eligibility information based upon Census Bureau data from the 2011-2015 American Community Survey (ACS). Eligibility requirements for the Bank Enterprise Award Program (BEA Program), Community Development Financial Institutions Program (CDFI Program), Native American CDFI Assistance Program (NACA Program), and New Markets Tax Credit Program (NMTC Program) will be released according to the timetable below. </p><p>Currently, eligibility information for the above listed CDFI Fund programs is determined by data collected through the 2006-2010 ACS. The CDFI Fund revises program eligibility criteria to coincide with each subsequent full five-year ACS data release, which is now the 2011-2015 release. However, the CDFI Fund plans to implement a one-year transition period to allow program applicants and recipients the option to determine eligibility using either 2006-2010 ACS data or 2011-2015 ACS data.</p><p>Detailed information regarding usage of ACS data during the transition period will be posted on the program-specific pages on the CDFI Fund website. The CDFI Fund will provide public notification as transition guidance for CDFI Fund programs becomes available.</p><ul><li><p><strong>New Markets Tax Credit Program Low-Income Community (LIC) Data</strong>: <em>to be released October 31, 2017</em> Updated LIC data may be used starting on the release date, with a one-year transition period to use prior 2006-2010 ACS data. For more information, view the NMTC Census Data Transition FAQs here. </p></li><li><p><strong>Bank Enterprise Award Distressed Community Data</strong>: <em>to be released Spring 2018 (tentative)</em> Updated BEA data may be used starting on the release date, with a one-year transition period to use prior 2006-2010 ACS data.</p></li><li><p><strong>CDFI and NACA Programs Certification Investment Areas</strong>: <em>to be released Summer 2018 (tentative)</em> CDFI Program and NACA Program data may be used starting on the release date, with a one-year transition period to use prior 2006-2010 ACS data.</p></li></ul><p>Program specific policies related to the transition to 2011-2015 ACS data and revised eligibility tables will be posted to the <a href="/research-data/Pages/default.aspx" target="_blank">research page</a>, as well as to relevant program pages on the CDFI Fund website. Updated Community Investment Mapping System (CIMS) data reflecting new program eligibility will tentatively be deployed with revised eligibility tables.</p><p>For questions related to the ACS transition, contact the CDFI Fund via email at <a href="mailto:cdfihelp@cdfi.treas.gov" target="_blank">cdfihelp@cdfi.treas.gov</a>, with the subject line “ACS Question.”</p> 2017-10-10T04:00:00ZUpdates274
CDFI Fund Opens FY 2017 Funding Round of BEA Program https://www.cdfifund.gov/Lists/CDFI News/AllItems.aspxhttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=273CDFI Fund Opens FY 2017 Funding Round of BEA Program <p>Today the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2017 application round for the Bank Enterprise Award Program (BEA Program). Application materials are now available on the BEA Program page of the CDFI Fund’s website in anticipation the publication of the FY 2017 Notice of Funds Availability (NOFA) in today's Federal Register. The FY 2017 NOFA makes up to $23 million available in awards to eligible Federal Deposit Insurance Corporation (FDIC)-insured banks. </p><p>Through the BEA Program, the CDFI Fund provides monetary awards to FDIC-insured depository institutions that successfully demonstrate an increase in their investments in Community Development Financial Institutions (CDFIs) or in their own lending, investing, or service activities in distressed communities. Distressed communities are defined as those where at least 30 percent of residents earn an income that is less than the national poverty level and where the unemployment rate is at least 1.5 times the national unemployment rate. </p><p><b>BEA Program Overview </b></p><p>The BEA Program provides formula-based grants to applicants for increasing Qualified Activities from a Baseline Period to a later Assessment Period. There are three categories of Qualified Activities:</p><ul><li><p>CDFI Related Activities: Equity Investments, Grants, Equity-Like Loans, Loans, Deposits, and/or Technical Assistance provided to certified CDFIs.</p></li><li><p>Distressed Community Financing Activities: Direct lending or investment in the form of Affordable Home Loans, Affordable Housing Development Loans or Investments, Home Improvement Loans, Education Loans, Small Business Loans or Investments, Small Dollar Consumer Loans, or Commercial Real Estate Development Loans or Investments provided to residents or businesses located in distressed communities.</p></li><li><p>Service Activities: Financial products and services, such as checking accounts, savings accounts, check cashing, financial counseling, Individual Development Accounts, or youth savings accounts provided to residents of distressed communities. </p></li></ul><p>Full definitions of the Qualified Activities may be found in the BEA Program Regulations (Interim Rule). </p><p>There are limited changes to the FY 2017 BEA Program from the prior funding year. The changes include: a Congressional mandate that at least 10 percent of the CDFI Fund’s FY 2017 appropriations be directed to counties that meet the criteria for “Persistent Poverty” designation; increasing the percentage for the CDFI Equity Investments sub-category to be 18 percent for CDFIs and non-CDFIs, aligning it with the maximum percentage given for CDFI Support Activities sub-category; the review and selection process impacted by Persistent Poverty Counties mandate; and reporting requirements for award recipients who made commitments to serve Persistent Poverty Counties. </p><p><b>Deadlines</b></p><p>Please reference the FY 2017 NOFA and application instructions for detailed information regarding the following application deadlines:</p><ul><li><p>Part I of the application must be submitted through Grants.gov by 11:59 p.m. EST on November 16, 2017.</p></li><li><p>Part II of the application must be submitted through the CDFI Fund’s Award Management Information System, or AMIS, by 5:00 p.m. EST on November 30, 2017. </p></li></ul><p><b>Application Materials </b></p><p>In addition to being available through Grants.gov, the FY 2017 NOFA and a paper version of the application and instructions are available on the CDFI Fund's website, www.cdfifund.gov/bea. The electronic version of the application in AMIS will be released in approximately two to three weeks.</p><p><b>Webinars </b></p><p>The CDFI Fund will be conducting two webinars to discuss the FY 2017 BEA Program funding round. These webinars will also include question and answer sessions. Full information can be found on the CDFI Fund's website at <a href="http://www.cdfifund.gov/bea">www.cdfifund.gov/bea</a> under Step 1: Apply. </p><p>For those unable to participate in the webinars, the presentation materials will be posted on the CDFI Fund’s website subsequent to the webinar dates.</p><p><b>Questions</b></p><p>For more information on the BEA Program, please visit the BEA webpage of the CDFI Fund’s website: <a href="http://www.cdfifund.gov/bea">www.cdfifund.gov/bea</a>. For questions regarding the BEA Program, please contact the CDFI Fund Help Desk at (202) 653-0421 or via email at <a href="mailto:cdfihelp@cdfi.treas.gov">cdfihelp@cdfi.treas.gov</a>.  The CDFI Fund will not answer questions about the FY 2017 round after 5:00 p.m. EST on November 28, 2017.</p> 2017-09-29T04:00:00ZUpdates273

 Upcoming Events

 

 

CDFI Certification Conference Callhttps://www.cdfifund.gov/Lists/CDFI Events/DispForm.aspx?ID=80CDFI Certification Conference Call2017-10-19T19:00:00Z2017-10-19T20:00:00ZConference Call0x01020041E1D5678A3CED4385147CFE255D181700355905A9067BF24DA9A2A59A2925ED6680
CDFI Certification Conference Callhttps://www.cdfifund.gov/Lists/CDFI Events/DispForm.aspx?ID=81CDFI Certification Conference Call2017-11-16T20:00:00Z2017-11-16T21:00:00ZConference Call0x01020041E1D5678A3CED4385147CFE255D181700355905A9067BF24DA9A2A59A2925ED6681
CDFI Certification Conference Callhttps://www.cdfifund.gov/Lists/CDFI Events/DispForm.aspx?ID=82CDFI Certification Conference Call2017-12-21T20:00:00Z2017-12-21T21:00:00ZConference Call0x01020041E1D5678A3CED4385147CFE255D181700355905A9067BF24DA9A2A59A2925ED6682

 

 

Strategic Planhttps://www.cdfifund.gov/Lists/CDFI Tools Resources/DispForm.aspx?ID=11Strategic PlanFY 2017 - FY 2022<img alt="" src="/SiteCollectionImages/PublicationImages/Final%20Strategic%20Plan%20Cover%20102716%20highlight.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.

 

 

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
AMIShttps://www.cdfifund.gov/Lists/CDFI Tools Resources/DispForm.aspx?ID=3AMISicon-communityHome;#0x0100178F0095A2AE7A4FBED67E33256F670E0400E5EE0B704BCEE64CA003554D82DE23E23http://amis.cdfifund.gov

Awards Database

Find CDFIs in your community