| Thinking About 2020: CDFI and NACA Program Pre-Application Webinar | | https://www.cdfifund.gov/Lists/CDFI News/AllItems.aspx | https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=363 | Thinking About 2020: CDFI and NACA Program Pre-Application Webinar | <p>As 2019 comes to a close, now is a great time to start thinking about preparing your organization for a fiscal year (FY) 2020 Community Development Financial Institutions Program (CDFI Program) or Native American CDFI Assistance Program (NACA Program) Application. The Community Development Financial Institutions Fund (CDFI Fund) is tentatively planning to open the FY 2020 Financial Assistance and Technical Assistance application round in early 2020. </p><p>There are steps your organization can take now to get ready to apply. Join CDFI Fund staff for an informational pre-application webinar on Wednesday, December 18, 2019, to learn more. Topics covered will include setting up your critical SAM.gov and Grants.gov accounts, adjusting your organizational profile in the Awards Management Information System (AMIS), and other ways your organization can prepare in advance for the FY 2020 application round. </p><p>
<b>CDFI and NACA Program Pre-Application Webinar</b></p><p>Advance registration is not required to participate in the webinar. Please access the webinar, using the link provided below, at least five minutes prior to the beginning of the webinar. Requests for reasonable accommodations under section 504 of the Rehabilitation Act should be directed to Jay Santiago at the CDFI Fund at 202-653-0300.<br></p><p>Viewing this webinar requires the use of WebEx. To download the Webex Meetings Desktop Application, please see the instructions on the
<a href="https://www.mymeetings.com/netconferencing/WBS33.6.4_Plug-Ins_11-27-2018.php" target="_blank">WebEx Downloads webpage</a>.<br></p><p>
<b>Date:</b> Wednesday, December 18, 2019</p><p>
<b>Time:</b> 2:00 p.m. – 4:00 p.m. Eastern Time</p><p>
<b>Access Details:</b><br> </p><ul><li>Call-In: 1-888-390-2955</li><li>Webinar Access:
<a href="https://www.mymeetings.com/nc/join/" target="_blank">https://www.mymeetings.com/nc/join/</a> </li><li>Conference Number: PWXW9724499</li><li>Audience Passcode: 3578890<br></li></ul><p></p><p>To learn more about the CDFI Program, visit
<a href="/cdfi" target="_blank">www.cdfifund.gov/cdfi</a>. More information about the NACA Program can be found at
<a href="/native" target="_blank">www.cdfifund.gov/native</a>.
<br></p> | 2019-11-21T05:00:00Z | Updates | 363 | | |
| U.S. Treasury Awards More Than $188 Million to Support CDFI Investment in Low-Income and Distressed Communities | | https://www.cdfifund.gov/Lists/CDFI News/AllItems.aspx | https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=362 | U.S. Treasury Awards More Than $188 Million to Support CDFI Investment in Low-Income and Distressed Communities | <p><strong>Washington </strong>- The U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded 284 Community Development Financial Institutions (CDFIs) $188.7 million in Financial Assistance (FA) awards today. The awards, through the fiscal year (FY) 2019 round of the Community Development Financial Institutions Program (CDFI Program) and the Native American CDFI Assistance Program (NACA Program), will enable CDFIs to increase lending and investment activity in low-income and economically distressed communities across the nation.</p><p>"I am proud to announce the FY 2019 CDFI Program and NACA Program awards," said CDFI Fund Director Jodie Harris. "I am especially pleased that almost half of the awarded organizations have chosen to provide services in areas of persistent poverty, which will lead to significant impact for residents in some of the most distressed communities nationwide." </p><p>FA awards include the Base Financial Assistance (Base-FA) award and the following awards that are provided as a supplement to the Base-FA award: Healthy Food Financing Initiative-Financial Assistance (HFFI-FA), Persistent Poverty Counties-Financial Assistance (PPC-FA), and Disability Funds-Financial Assistance (DF-FA).</p><p>
<strong>CDFI Program Financial Assistance Awards</strong></p><p>The CDFI Program invests in and builds the capacity of CDFIs to serve low-income people and underserved communities lacking adequate access to affordable financial products and services. For the FY 2019 CDFI Program round, the CDFI Fund awarded $132 million in Base-FA awards to 261 organizations in 45 states, the District of Columbia, and Puerto Rico. The CDFI Fund also awarded $18.2 million in PPC-FA awards to 125 CDFIs specifically to serve Persistent Poverty Counties nationwide.</p><p>In addition, the CDFI Fund awarded $22 million in HFFI-FA awards to 14 CDFIs. The Healthy Food Financing Initiative is a supplemental program designed to encourage investments in businesses that provide healthy food options for communities. The CDFI Fund also awarded $3 million in DF-FA awards to 16 CDFIs; DF-FA is a supplemental program designed to help CDFIs finance projects and services to assist individuals with disabilities.<br></p><p>
<strong>NACA Program Financial Assistance Awards</strong></p><p>The NACA Program facilitates the creation and advancement of Native CDFIs. Organizations funded through the NACA Program serve a wide range of Native American, Alaska Native, and Native Hawaiian communities, and reflect a diversity of institutions in various stages of development, including: organizations in the early planning stages of CDFI formation; tribal entities working to certify an existing lending program; and established Native CDFIs in need of further capacity building assistance.</p><p>The CDFI Fund awarded $12 million in FY 2019 NACA Program Base-FA awards to 23 organizations in 11 states. Eleven Native CDFIs also received $1.5 million in PPC-FA awards. </p><p>The CDFI Fund also provides Technical Assistance awards to CDFIs and emerging CDFIs through the CDFI Program and NACA Program. The FY 2019 Technical Assistance Awards
<a href="/news-events/news/Pages/news-detail.aspx?NewsID=356&Category=Press%20Releases">were announced on September 19, 2019</a>. View more information about all of the FY 2019 CDFI Program and NACA Program awards below. </p><p>
<strong>FY 2019 CDFI Program and NACA Program Award Resources </strong></p><ul><li><a href="/Documents/Final%202019%20CDFI%20FA%20TA%20Award%20Book%20111319.pdf" target="_blank">FY 2019 CDFI Program Award Book</a><br></li><li><a href="/Documents/Final%202019%20NACA%20Award%20Book%20111319.pdf" target="_blank">FY 2019 NACA Program Award Book </a><br></li><li><a href="/Documents/Base%20Financial%20Assistance%20(Base-FA)%20Application%20Evaluation%20Process_111919.pdf" target="_blank">CDFI Program and NACA Program Financial Assistance Application Evaluation Process</a><br></li><li><a href="/Documents/FY%202019%20Technical%20Assistance%20Application%20Evaluation%20Process.pdf" target="_blank">CDFI Program and NACA Program Technical Assistance Application Evaluation Process</a><br></li></ul><p>
<strong>About the CDFI Fund </strong></p><p>Since its creation in 1994, the CDFI Fund has awarded more than $2.4 billion to CDFIs, community development organizations, and financial institutions through the Community Development Financial Institutions Program, the Native American CDFI Assistance Program, and the Bank Enterprise Award Program. In addition, the CDFI Fund has allocated $57.5 billion in tax credit allocation authority to Community Development Entities through the New Markets Tax Credit Program, guaranteed $1.61 billion in bonds through the CDFI Bond Guarantee Program, and awarded more than $434 million through the Capital Magnet Fund. To learn more about the CDFI Fund and its programs, please visit the CDFI Fund's website at
<a href="http://www.cdfifund.gov/">www.cdfifund.gov</a>.<br></p> | 2019-11-19T05:00:00Z | Press Releases | 362 | | |
| Request for Public Comment: Uses of Award Report Form for BEA Program, CDFI Program and NACA Program Award Recipients | | https://www.cdfifund.gov/Lists/CDFI News/AllItems.aspx | https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=361 | Request for Public Comment: Uses of Award Report Form for BEA Program, CDFI Program and NACA Program Award Recipients | <p>The U.S. Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed information collections, as required by the Paperwork Reduction Act of 1995, Pub. L. No. 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently, the Community Development Financial Institutions Fund (the CDFI Fund), the Department of the Treasury, is soliciting comments concerning the Uses of Awards Report Form, which is completed by the Bank Enterprise Award Program (<a href="/bea" target="_blank">BEA Program</a>) Recipients and the Community Development Financial Institutions Program (<a href="/cdfi" target="_blank">CDFI Program</a>) and Native American CDFI Assistance Program (<a href="/native" target="_blank">NACA Program</a>) Recipients.</p><p>The CDFI Fund is seeking to revise its Uses of Award Report Form to validate investments made in Persistent Poverty Counties (PPCs) by BEA Program award Recipients in compliance with the PPC Congressional Mandate. The CDFI Fund’s appropriation in the Consolidated Appropriations Act, 2019 (Public Law Number 116-6), enacted February 15, 2019, requires that at least 10 percent of BEA Program funds be used for Awards that support investments that serve populations living in PPCs. In order to meet this requirement, Applicants are required to indicate the minimum and maximum percentage of the Estimated BEA Program Award the Applicant will commit to deploying in PPCs.</p><p>A Persistent Poverty County is any county that has had 20 percent or more of its population living in poverty over the past 30 years, as measured by the 1990 and 2000 decennial census, and the 2011-2015 5-year data series available from the American Community Survey from the Census Bureau. A Recipient that made commitments to serve Persistent Poverty Counties is required to identify the portion of the total award amount used for BEA Qualified Activities in Persistent Poverty Counties.</p><p>A full list of specific questions can be found in the <a href="/Documents/Use%20of%20Award%20Report%20FR%202019-22574%20101719.pdf" target="_blank">Federal Register notice</a>. </p><p>Comments must be submitted in writing by 60 days after the date of publication of the Federal Register notice via e-mail to Mia Sowell, Associate Program Manager, CDFI Fund, at <a href="mailto:cdfihelp@cdfi.treas.gov" target="_blank">cdfihelp@cdfi.treas.gov</a>; or via (202) 508-0083.</p><p><strong>Related Materials</strong>:</p><ul><li><p><a href="/Documents/Use%20of%20Award%20Report%20FR%202019-22574%20101719.pdf" target="_blank">Federal Register Notice</a><br></p></li><li><p><a href="/Documents/Uses%20of%20Award%20Report%20Form%20for%20Comment.pdf" target="_blank">Uses of Award Report Form (Existing Format)</a></p></li><li><p><a href="/Documents/Use%20of%20Award%20Report%20(BEA_CDFI_NACA)%20-%20Revise.pdf" target="_blank">For Comment: Uses of Award Report Form</a></p></li></ul> | 2019-10-17T04:00:00Z | Updates | 361 | | |
