| Important Reminders for FY 2017 Capital Magnet Fund Applicants | | https://www.cdfifund.gov/Lists/CDFI News/AllItems.aspx | https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=264 | Important Reminders for FY 2017 Capital Magnet Fund Applicants | <p>As a reminder for prospective fiscal year (FY) 2017 Capital Magnet Fund applicants, the deadline for online submission of the SF-424 through Grants.gov for the FY 2017 Capital Magnet Fund round is <b>July 28, 2017</b> at 11:59 p.m. Eastern Time (ET). The deadline for online submission of the application and required materials through the CDFI Fund’s Awards Management Information System (AMIS) is <b>August 31, 2017</b> at 5:00 p.m. ET. </p><ul><li><p>Applicants should keep in mind that the CDFI Fund does not administer Grants.gov, and that they are responsible for confirming with Grants.gov that their SF-424 was successfully submitted and validated by Grants.gov. An organization that does not meet the SF-424 deadline will be unable to submit an application through AMIS and will be deemed ineligible. For more details, please see Section IV of the <a href="/Documents/CMF%202017%20FR%20NOFA.pdf" target="_blank">FY 2017 Capital Magnet Fund Notice of Funds Availability</a>.</p></li><li><p>The CDFI Fund anticipates that the AMIS application will be available about four weeks before the August 31 deadline. More information will be provided when the AMIS application is released.</p></li></ul><p><b>New and Updated Application Materials and Resources</b></p><p>The CDFI Fund has provided new and updated materials and resources for FY 2017 applicants on its website. </p><ul><li><p><b>Excel Workbook:</b> The CDFI Fund has posted an Excel workbook tool as a resource to help applicants organize their information for entry into AMIS. The workbook is not a substitute for the AMIS application; applicants are still required to submit all final application materials through AMIS. </p></li><li><p><b>Updated Guidance:</b> All of the guidance, application materials, and pre-recorded webinar modules for the FY 2017 application round are available on the CDFI Fund’s website at <a href="http://www.cdfifund.gov/cmf" target="_blank">www.cdfifund.gov/cmf</a> under Step 2: Apply. Updated and additional guidance materials will be added to the CDFI Fund’s website on a rolling basis, so please make sure to check the website regularly. Most recently, Application and Outreach Modules 5, 6, 8, and 9 were updated. </p></li></ul><p><b>Webinars and Workshops</b></p><p>The CDFI Fund will be holding a webinar tomorrow, July 18, to discuss how to use a Capital Magnet Fund award to support Economic Development Activities. See the CDFI Fund’s website for information regarding how to access the webinar. Advance registration is not required to participate. </p><p>For those unable to attend the webinar, or who missed the webinars held earlier in July, recordings will be added to the <a href="/programs-training/Programs/cmf/Pages/apply-step.aspx" target="_blank">CDFI Fund’s website</a> in the coming days. Pre-recorded webinar modules covering many different topics related to the Capital Magnet Fund and the application process are also available on the CDFI Fund’s website. </p><p>There is also limited availability left to register to attend an in-person workshop in Washington, D.C. on July 26, 2017. Interested applicants should register by July 19, 2017. <a href="/programs-training/Programs/cmf/Pages/apply-step.aspx" target="_blank">View more information on the CDFI Fund’s website</a>. </p><p><b>Contact the CDFI Fund</b></p><p>The CDFI Fund will be answering questions about the FY 2017 application via its Help Desk until 5:00 p.m. ET on August 29, 2017. Contact the Help Desk via a Service Request in AMIS; by e-mail to <a href="mailto:cmf@cdfi.treas.gov">cmf@cdfi.treas.gov</a>; or by phone to (202) 653-0421 (please note this is not a toll free number). </p><p>To learn more about the CDFI Fund and its programs, please visit <a href="http://www.cdfifund.gov/">www.cdfifund.gov</a>. </p>
| 2017-07-17T04:00:00Z | Updates | 264 | | |
| Registration Open for FY 2017 Capital Magnet Fund In-Person Application Workshops | | https://www.cdfifund.gov/Lists/CDFI News/AllItems.aspx | https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=263 | Registration Open for FY 2017 Capital Magnet Fund In-Person Application Workshops | <p>Registration is now open to attend in-person application workshops for the fiscal year (FY) 2017 application round of the Capital Magnet Fund. Two in-person workshops—a morning session and an afternoon session—will be held at the CDFI Fund’s offices in Washington, D.C. on July 26, 2017. The same information will be covered during each workshop session. </p><p><b>FY 2017 Capital Magnet Fund In-Person Application Workshops</b></p><p>CDFI Fund Headquarters<br>
1801 L St NW, 6th Floor<br>
Washington, DC 20036</p><ul><li><p><b>Morning Session:</b> July 26, 2017, 9:30 a.m. – 12:00 p.m. ET</p></li><li><p><strong>Afternoon Session</strong>: July 26, 2017, 1:30 p.m. – 4:00 p.m. ET</p></li></ul><p>Advance registration is required to attend one of the workshops. Since there is limited capacity at the workshop venue, registration will be limited to one attendee per organization. </p><p><b>Registration</b></p><p>Due to security requirements at the federal facility where the workshops will be held, anyone wishing to attend the in-person application workshops must register through the online registration system link provided below. Individuals who do not register before the applicable registration deadlines, and thus do not appear on the registration list for the facility, will not be admitted. </p><p>Registration for each workshop will be closed when the workshop reaches capacity, or by July 14, 2017 at 5:00 p.m. ET, whichever comes first. <b>Registration is limited to one attendee per organization. Please register for only one of the sessions:</b></p><ul><li><p><a href="https://www.surveymonkey.com/r/TCYHXR9" target="_blank">Register for the Morning Session Here</a></p></li><li><p><a href="https://www.surveymonkey.com/r/XN93W52" target="_blank">Register for the Afternoon Session Here</a></p></li></ul><p>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 workshops begin.</p><p><b>Reminder: Application Webinars</b></p><p>The CDFI Fund will also be holding a series of application webinars in mid-July for interested applicants. The information covered in the webinars will be similar to the in-person workshops. Advance registration is not required to participate in the webinars. In addition, pre-recorded application modules are available on the CDFI Fund’s website. Learn more at <a href="http://www.cdfifund.gov/cmf" target="_blank">www.cdfifund.gov/cmf</a> under <a href="/programs-training/Programs/cmf/Pages/apply-step.aspx" target="_blank">How to Apply Step 2: Apply</a>. </p><p>To learn more about the Capital Magnet Fund, please visit <a href="http://www.cdfifund.gov/cmf" target="_blank">www.cdfifund.gov/cmf</a>. Any questions can be directed to the Help Desk at <a href="mailto:cmf@cdfi.treas.gov">cmf@cdfi.treas.gov</a> or by calling (202) 653-0421.</p>
| 2017-06-30T04:00:00Z | Updates | 263 | | |
| CDFI Fund Opens FY 2017 Funding Round for Capital Magnet Fund | | https://www.cdfifund.gov/Lists/CDFI News/AllItems.aspx | https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=262 | CDFI Fund Opens FY 2017 Funding Round for Capital Magnet Fund | <p>The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2017 funding round for the Capital Magnet Fund. </p><p>Through the Capital Magnet Fund, the CDFI Fund competitively awards funds 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 and community service facilities. The objective is to attract private capital to economically distressed communities, including underserved rural areas. Funding for the Capital Magnet Fund comes from allocations made by the Government-Sponsored Enterprises Fannie Mae and Freddie Mac and varies from year to year. The CDFI Fund plans to provide $119.5 million in awards for the FY 2017 round. </p><p>Capital Magnet Fund awardees are able to utilize these funds for financing activities such as affordable housing funds, economic development funds, 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>Application Materials</b></p><p>The FY 2017 Capital Magnet Fund NOFA, application, application instructions, and related guidance can be found on the CDFI Fund’s website at <a href="http://www.cdfifund.gov/cmf" target="_blank">www.cdfifund.gov/cmf</a> under <a href="/programs-training/Programs/cmf/Pages/apply-step.aspx" target="_blank">How to Apply Step 2: Apply</a>. The application process consists of two parts: submitting the SF-424 form through Grants.gov, and submitting the rest of the application through the CDFI Fund’s Awards Management Information System (AMIS). </p><p>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 SF-424 is now available for submission through Grants.gov. The CDFI Fund will send out an additional notification when the electronic application is available in AMIS for application submission. At this time, the CDFI Fund anticipates that the AMIS application will be available approximately 4 weeks before the AMIS application due date. In the coming weeks, the CDFI Fund plans to release a Microsoft Excel workbook to help potential applicants organize their application data for entry into AMIS.</p><p>The CDFI Fund strongly recommends that the instructions and application timelines are reviewed closely by both first-time and repeat applicants and that all applicants give themselves adequate time to submit the required application materials through Grants.gov and AMIS.</p><p><b>Deadlines</b></p><ul><li><p>The deadline for submission of the SF-424 is <b>11:59 pm Eastern Time (ET) on July 28, 2017</b>. All applicants must submit their SF-424 electronically through Grants.gov. The CDFI Fund strongly encourages all materials to be submitted through Grants.gov at least three days before the deadline.</p></li><li><p>The deadline for submission of the Capital Magnet Fund application materials through the CDFI Fund’s Award Management Information System (AMIS) is <b>5:00 p.m. ET on August 31, 2017</b>. The CDFI Fund strongly encourages all materials to be submitted through AMIS at least three days before the deadline.</p></li><li><p>The CDFI Fund will stop taking questions about the application at <b>5:00 p.m. ET on August 29, 2017</b>.</p></li></ul><p>Please see the NOFA for applicant eligibility requirements and the steps for submitting all parts of the Capital Magnet Fund application.</p><p><b>Learn About Applying to the Capital Magnet Fund </b></p><p>The CDFI Fund will be providing the following opportunities to learn more about the FY 2017 Capital Magnet Fund funding round:</p><ol><li><p><b>In-Person Application Workshop:</b> CDFI Fund staff will conduct one in-person FY 2017 Capital Magnet Fund Application Workshop in Washington, DC in July. Due to security requirements at the federal facility where the workshops will be held, anyone wishing to attend the in-person application workshops must register in advance. The CDFI Fund will provide additional information about this workshop, including registration information, soon. </p></li><li><p><b>Q&A Webinars:</b> The CDFI Fund is conducting three targeted live webinars to provide a forum to answer applicant questions about the FY 2017 Capital Magnet Fund application. Please view the <a href="/programs-training/Programs/cmf/Pages/apply-step.aspx" target="_blank">Step 2: Apply page </a>of the Capital Magnet Fund website for the dates, times, and access information for each webinar.</p></li></ol><p><b>Questions</b></p><p>For more information on the Capital Magnet Fund, please submit a Service Request through AMIS, or 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 2017 award round at 5:00 p.m. ET on August 29, 2017. </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>
| 2017-06-29T04:00:00Z | Updates | 262 | | |
