| A Public Meeting of the CDFI Fund's Advisory Board Will be Held on November 16, 2017 in Washington, DC | | https://www.cdfifund.gov/Lists/CDFI News/AllItems.aspx | https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=275 | A 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>
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<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> | 2017-10-16T04:00:00Z | Updates | 275 | | |
| CDFI Fund to Release Updated Program Eligibility Information: 2011-2015 American Community Survey Census Bureau Data | | https://www.cdfifund.gov/Lists/CDFI News/AllItems.aspx | https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=274 | CDFI 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>
| 2017-10-10T04:00:00Z | Updates | 274 | | |
| CDFI Fund Opens FY 2017 Funding Round of BEA Program | | https://www.cdfifund.gov/Lists/CDFI News/AllItems.aspx | https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=273 | CDFI 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>
| 2017-09-29T04:00:00Z | Updates | 273 | | |
