Hero Image
​​​​​​​​​​​​​Investing
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.

Are you seeking Opportunity Zones information?

Click here to find information and resources about Opportunity Zones.

Are you keeping safe from scams?

Scammers have been contacting individuals claiming to be from the CDFI Fund. Click here to learn more.

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 Program ​ The 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

CDFI Fund Announces Nearly $22.8 Million in Bank Enterprise Awards for Increased Investment in Highly Distressed Communitieshttps://www.cdfifund.gov/Lists/CDFI News/AllItems.aspxhttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=307CDFI Fund Announces Nearly $22.8 Million in Bank Enterprise Awards for Increased Investment in Highly Distressed Communities<p></p><p><strong>Washington</strong> – Today, the U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) announced nearly $22.8 million in awards to 113 banks for increasing investments benefiting economically distressed communities across the nation. The awards were made through the fiscal year (FY) 2017 round of the Bank Enterprise Award Program (BEA Program).  The BEA Program is a performance-based grant program that provides monetary awards to FDIC-insured depository institutions that successfully demonstrate an increase in their investments in mission-driven lenders known as Community Development Financial Institutions (CDFIs), or in their own lending, investing, or service activities in highly distressed communities.</p><p>"These banks have not just increased their lending in economically distressed communities," said CDFI Fund Director Annie Donovan.  "They are lending in the <em>most highly distressed</em> communities where at least 30 percent of the population lives at or below the national poverty level and where the unemployment rate is at least 1.5 times the national average. I applaud their efforts to generate economic activity in some of the most underserved parts of the country."</p><p>Collectively, during the one-year assessment period, these 113 depository institutions increased their loans and investments in distressed communities by $470.4 million; increased their loans, deposits, and technical assistance to CDFIs by $18.6 million; increased the provision of financial services in distressed communities by $7.3 million; and increased their equity and equity-like loans and grants to CDFIs by $2.5 million.  </p><p>Furthering this impact, the nearly $22.8 million awarded today will be <em>re-invested</em> into highly distressed communities as well as CDFIs.  Of the 113 depository institutions awarded, 76 have committed to deploying approximately $3.73 million, or 16.4 percent of award dollars, in Persistent Poverty Counties exceeding the Congressional mandate of 10 percent.  The FY 2017 BEA Program award recipients were selected after a comprehensive review of 119 applications requesting $131.7 million in funding.  </p><p><strong>Related Materials</strong></p><ul style="list-style-type:disc;"><li><a href="/Documents/FINAL%20for%20WEBSITE%20-%202017%20BEA%20Award%20Book_062218%20v4.pdf">FY 2017 BEA Program Award Book</a></li><li><a href="/awards/state-awards/Pages/default.aspx">Searchable Awards Database</a></li></ul><p><strong>About the BEA Program </strong></p><p>The Bank Enterprise Award Program (BEA Program) rewards FDIC-insured depository institutions for making investments in certified CDFIs as well as in the most distressed communities in the country. In order to receive an award, these banks and thrifts must demonstrate an increase in their investments to communities where at least 30 percent of the population lives at or below the national poverty level and where the unemployment rate is at least 1.5 times the national average. The BEA Program awards help offset some of the risks and/or costs associated with investing in these highly distressed communities and provide an incentive to increase their investments. The greater the loan increase, the greater the award. Since its inception in 1994, the BEA Program has awarded grants totaling over $470 million.   <br><br>For more information about the BEA Program, please view the <a href="/Documents/CDFI7205_FS_BEA_updatedFeb2018.pdf">Fact Sheet</a> or visit the CDFI Fund's website at <a href="http://www.cdfifund.gov/bea">www.cdfifund.gov/bea</a>. </p><p><strong>About the CDFI Fund</strong></p><p>Since its creation in 1994, the CDFI Fund has awarded more than $3 billion to CDFIs, community development organizations, and financial institutions through: the BEA Program; the Capital Magnet Fund, the Community Development Financial Institutions Program, including the Healthy Food Financing Initiative; the Financial Education and Counseling Pilot Program; and the Native American CDFI Assistance Program.  In addition, the CDFI Fund has allocated $54 billion in tax credit allocation authority to Community Development Entities through the New Markets Tax Credit Program, and closed guaranteed bonds in the amount of $1.36 billion through the CDFI Bond Guarantee Program. </p><p>To learn more about the CDFI Fund and its programs, please view the <a href="/Documents/CDFI_Brochure%20Updated%20Mar2017.pdf">Fact Sheet</a> or visit the CDFI Fund's website at <a href="/Pages/default.aspx">www.cdfifund.gov</a>. </p>2018-06-27T04:00:00ZPress Releases307
Reminder for CDFI Fund Award and Allocation Recipient(s): Don’t Forget Your Annual Compliance Report(s)!https://www.cdfifund.gov/Lists/CDFI News/AllItems.aspxhttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=306Reminder for CDFI Fund Award and Allocation Recipient(s): Don’t Forget Your Annual Compliance Report(s)!<p>Are you the Authorized Representative of an organization that has received a CDFI Fund Award and/or Allocation? If so, don’t forget that in order to maintain compliance with your Assistance and/or Allocation Agreement(s) you must complete and submit the annual compliance report(s) as specified in your agreement(s).</p><p>The due dates to submit the annual compliance report(s) vary by fiscal year end date and type of award. This reminder is specifically for organizations with Assistance and/or Allocation Agreements that have an upcoming report due date of <b>June 29, and June 30, 2018.</b> </p><p><b>How to Check Your Report Date</b></p><p>Your organization’s required report date can be found in the Assistance and/or Allocation Agreement(s) for your award(s). Please review your Assistance and/or Allocation Agreement(s) to check if you are required to report at this time and for additional information about the annual compliance report requirements. </p><p>Failure to file the annual compliance report(s) may result in noncompliance with your organization’s Assistance and/or Allocation Agreement(s). </p><p><b>For More Information</b></p><p>Information and instructions on submitting your annual compliance report(s) can be found on the CDFI Fund’s website at the following links:</p><ul><li><p><a href="https://amis.cdfifund.gov/s/AMIS-ComplianceTrainingManual_FinalVersion.pdf?v=1" target="_blank">CDFI/NACA Program Reporting</a></p></li><li><p><a href="/Pages/ciis.aspx" target="_blank">NMTC Program Reporting</a> </p></li></ul><p>If you have questions about the annual compliance report(s), please contact your organization’s Certification, Compliance Monitoring and Evaluation Portfolio Manager directly or send a Service Request via your organization’s AMIS account. You may also contact the CDFI Fund’s Help Desk at <a href="mailto:ccme@cdfi.treas.gov">ccme@cdfi.treas.gov</a> or (202) 653-0421.</p><p>For more information about the CDFI Fund and its programs, please visit <a href="http://www.cdfifund.gov/" target="_blank">www.cdfifund.gov</a>.  </p> 2018-06-20T04:00:00ZUpdates306
Reminder for Certified CDFIs: Don’t Forget Your 2018 Annual Certification Report!https://www.cdfifund.gov/Lists/CDFI News/AllItems.aspxhttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=305Reminder for Certified CDFIs: Don’t Forget Your 2018 Annual Certification Report!<p>Are you the Authorized Representative of a currently certified CDFI? If so, don’t forget that in order to maintain your organization’s certification status you must complete and submit the Annual Certification and Data Collection Report (ACR) for Report Year 2018. </p><p>All Authorized Representatives for certified CDFIs should have received an e-mail notification from the CDFI Fund’s Office of Certification, Compliance Monitoring and Evaluation on May 31, 2018, regarding the ACR requirement for Report Year 2018 and providing details about how to comply. The due date to submit the ACR for Report Year 2018 is July 31, 2018.</p><p>Please review your e-mail notification for additional information about the 2018 ACR requirements. Failure to file an ACR will result in termination of your organization’s certified CDFI status, and may also impact any active CDFI Fund program awards your organization may have. Information and instructions on submitting your ACR can be found on the <a href="/programs-training/certification/cdfi/Pages/reporting-step.aspx" target="_blank">CDFI Fund’s website here</a>.</p><p>If you did not receive an e-mail notification, or have questions about the 2018 ACR, please submit a Service Request from your organization’s AMIS account; contact the CDFI Fund’s Help Desk at <a href="mailto:ccme@cdfi.treas.gov">ccme@cdfi.treas.gov</a>; or call (202) 653-0421. </p><p>For more information about the CDFI Fund and its programs, please visit <a href="http://www.cdfifund.gov/" target="_blank">www.cdfifund.gov</a>.  </p><p><b>Related Materials</b></p><a href="/Documents/2018%20ACR%20Fequently%20Asked%20Questions%20Final%206_2018.pdf" target="_blank"><ul><li><p>Annual Certification and Data Collection Report Frequently Asked Questions</p></li></ul></a>2018-06-19T04:00:00ZUpdates305

Upcoming Events

CDFI Certification Conference Callhttps://www.cdfifund.gov/Lists/CDFI Events/AllItems.aspxhttps://www.cdfifund.gov/Lists/CDFI Events/DispForm.aspx?ID=6CDFI Certification Conference Call2018-06-21T19:00:00Z2018-06-21T20:00:00ZConference Call0x01020041E1D5678A3CED4385147CFE255D18170057406B2C3550AF449B8352847FBB5E546
CDFI Certification Conference Callhttps://www.cdfifund.gov/Lists/CDFI Events/AllItems.aspxhttps://www.cdfifund.gov/Lists/CDFI Events/DispForm.aspx?ID=7CDFI Certification Conference Call2018-07-19T19:00:00Z2018-07-19T20:00:00ZConference Call0x01020041E1D5678A3CED4385147CFE255D18170057406B2C3550AF449B8352847FBB5E547
CDFI Certification Conference Callhttps://www.cdfifund.gov/Lists/CDFI Events/AllItems.aspxhttps://www.cdfifund.gov/Lists/CDFI Events/DispForm.aspx?ID=8CDFI Certification Conference Call2018-08-16T19:00:00Z2018-08-16T20:00:00ZConference Call0x01020041E1D5678A3CED4385147CFE255D18170057406B2C3550AF449B8352847FBB5E548

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