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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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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 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

 

 

Update for Capital Magnet Fund Applicants: AMIS Application Now Availablehttps://www.cdfifund.gov/Lists/CDFI News/AllItems.aspxhttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=266Update for Capital Magnet Fund Applicants: AMIS Application Now Available<p>The Application for the fiscal year (FY) 2017 round of the Capital Magnet Fund is now available in the Community Development Financial Institutions Fund’s (CDFI Fund) Awards Management Information System (AMIS). In order to be able to complete their FY 2017 Application in AMIS, applicants must have submitted a valid SF-424 through Grants.gov by July 28, 2017. </p><p>The CDFI Fund encourages all applicants to complete their Applications as early as possible to avoid last-minute problems. All FY 2017 Capital Magnet Fund Applications must be submitted through AMIS by <b>5:00 p.m. Eastern Time (ET) on Thursday, August 31, 2017.</b></p><p> <b>How to Start a Capital Magnet Fund Application in AMIS</b></p><p>To create a CMF Application in AMIS, follow these steps:</p><ol><li><p>Log-in to AMIS.</p></li><li><p>Open your Organizational Profile.</p></li><li><p>Navigate to the Program Profile section and open the CMF Program Profile.</p></li><li><p>Complete the required information in the CMF Program Profile (if necessary).</p></li><li><p>Click “New CMF Application” in the Funding Application section.</p></li><li><p>Enter the requested information and click “Save.” You will then be able to see the whole Application. You will be able to go back and edit any Application information before you Submit. </p></li></ol><p> <b>Need Help? Updated Guidance and Webinars Available</b></p><p>The CDFI Fund has posted additional Application guidance materials to its website, including an updated Frequently Asked Questions document. The training manual for the AMIS Application will be available on the website later this week. All of the 2017 Application guidance, pre-recorded modules, and presentations are available at <a href="http://www.cdfifund.gov/cmf">www.cdfifund.gov/cmf</a> under “How to Apply Step 2: Apply.” </p><p>The CDFI Fund has also scheduled two additional webinars for FY 2017 Capital Magnet Fund applicants on <b>August 14 and August 15, 2017</b> to provide a live demo of how to navigate and enter data into the AMIS Application. See the <a href="/programs-training/Programs/cmf/Pages/apply-step.aspx" target="_blank">CDFI Fund’s website </a>for information regarding how to access the webinars. </p><p>No prior registration is necessary to join the webinars. 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 webinars begin. The recordings of the AMIS webinars will be posted to the CDFI Fund’s website a few days after they are conducted.</p><p> <b>Questions</b></p><p>Please direct any questions to the Capital Magnet Fund Help Desk via an AMIS Service Request, by e-mail to <a href="mailto:cmf@cdfi.treas.gov" target="_blank">cmf@cdfi.treas.gov</a>, or by calling 202-653-0421 (please note: this is not a toll-free number). The CDFI Fund will stop taking questions about the Application at <b>5:00 p.m. ET on Tuesday, August 29, 2017. </b></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>2017-08-08T04:00:00ZUpdates266
CDFI Fund Releases Application Demand for 2017 Round of NMTC Programhttps://www.cdfifund.gov/Lists/CDFI News/AllItems.aspxhttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=267CDFI Fund Releases Application Demand for 2017 Round of NMTC Program<p>The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that it received a total of 230 applications under the 2017 round of the New Markets Tax Credit Program (NMTC Program). The NMTC Program encourages economic development in low-income and distressed communities by making tax credit allocations available to Community Development Entities (CDEs) for targeted investments in eligible areas. </p><p>The CDEs that applied under the 2017 round are headquartered in 42 states, the District of Columbia, Puerto Rico, and Guam. The applicants requested an aggregate total of $16.2 billion in NMTC allocation authority, over four-and-a-half times the $3.5 billion in authority available for the 2017 round.</p><p>The NMTC Program was established by Congress in December of 2000 and permits individual and corporate taxpayers to receive a credit against federal income taxes for making qualified equity investments in CDEs. The credit provided to the investor totals 39 percent of the cost of the investment and is claimed over a seven-year period. Substantially all of the taxpayer's investment must in turn be used by the CDE to make qualified investments in low-income communities. Successful applicants are selected only after a competitive application and rigorous review process that is administered by the CDFI Fund. </p><p>Through the first thirteen rounds of the NMTC Program, the CDFI Fund has made 1,032 awards totaling $50.5 billion in tax credit allocation authority. This $50.5 billion includes $3 billion in Recovery Act Awards and $1 billion of special allocation authority to be used for the recovery and redevelopment of the Gulf Opportunity Zone. </p><p>For more information about the NMTC Program, visit the CDFI Fund’s website at <a href="http://www.cdfifund.gov/nmtc" target="_blank">www.cdfifund.gov/nmtc</a>.  </p> 2017-08-08T04:00:00ZUpdates267
New Markets Tax Credit Program Compliance Report Releasedhttps://www.cdfifund.gov/Lists/CDFI News/AllItems.aspxhttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=265New Markets Tax Credit Program Compliance Report Released<p> <b>Washington –</b> A new, independent report on the federal New Markets Tax Credit Program (NMTC Program) was released today by Summit Consulting LLC (Summit). The Compliance Review of New Markets Tax Credit Program report (the NMTC Report) was commissioned by the U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund). It examines whether the recipients of New Markets Tax Credits (NMTCs) have complied with NMTC Program requirements, and whether the recipients’ NMTC investment activities have aligned with the objectives of the NMTC Program, among other questions.</p><p>“The report released today demonstrates that New Markets Tax Credits are being used as Congress intended: to attract private investment into projects in economically distressed communities,” said Annie Donovan, Director of the CDFI Fund. “It also documents the ways that Community Development Entities (CDEs) that utilize the program are meeting and generally exceeding NMTC Program requirements.”</p><p>In addition, the NMTC Report addresses questions and recommendations posed by the Government Accountability Office (GAO) regarding the distribution of benefits among the NMTC Program’s stakeholders, investors’ rates of return, and the role that other public investments play in NMTC investments. The NMTC Report has four main sections, each examining a different topic and presenting the results of Summit’s quantitative analysis and its key findings and recommendations. Among the report’s key findings for each of the four sections are:</p><ol><li><p>CDE Compliance with NMTC Allocation Agreements</p><ul><li><p>All projects reviewed by Summit comply with the corresponding Allocation Agreement.</p></li><li><p>CDEs often go beyond compliance requirements, providing more flexible capital and investing in more highly distressed areas than the NMTC Program requires.</p></li></ul></li><li><p>Distribution of Overall NMTC Program Benefits</p><ul><li><p>The flexible financing provided by CDEs reduces the net cost of capital for borrowers.</p></li><li><p>Fees and other charges do not appear to significantly affect the cost of capital for low-income community businesses.</p></li><li><p>Investor returns appear to be driven more by a market for tax credits than by specific project risks, with median investor returns for the sample of 9.1 percent.</p></li></ul></li><li><p>Degree of Public Investment in NMTC Transactions</p><ul><li><p>In its evaluation of the depth of public investment in NMTC projects utilizing two methodologies it developed, Summit found that approximately two-thirds of the projects reviewed received public funding commensurate with financing gaps or industry benchmarks for capitalization rates.</p></li><li><p>Summit’s analysis of the remaining one-third of the projects revealed that projects located in highly distressed areas may need more public funding to attract private investment, to enhance community benefits, or to support initial project operating costs.</p></li></ul></li><li><p>CDE Best Practices </p><ul><li><p>Many CDEs use a rigorous project selection process that includes a “but-for” analysis, community benefit considerations, and advisory board involvement.</p></li></ul></li></ol><p> <b>Related Links:</b></p><ul><li><p> <a href="/Documents/Summit%20-%20Compliance%20Review%20of%20New%20Markets%20Tax%20Credit%20Program%20-%20August%20Date%20-%20508%20Compliant.pdf" target="_blank">Compliance Review of New Markets Tax Credit Program – Full Report</a></p></li></ul><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> or view the CDFI Fund’s <a href="/Documents/CDFI_Brochure%20Updated%20Mar2017.pdf" target="_blank">Fact Sheet</a>.</p>2017-08-01T04:00:00ZPress Releases265

 Upcoming Events

 

 

FY 2017 Capital Magnet Fund AMIS Application Webinarshttps://www.cdfifund.gov/Lists/CDFI Events/DispForm.aspx?ID=94FY 2017 Capital Magnet Fund AMIS Application Webinars2017-08-14T17:00:00Z2017-08-15T20:00:00ZWebinar0x01020041E1D5678A3CED4385147CFE255D181700355905A9067BF24DA9A2A59A2925ED6694
CDFI Certification Conference Callhttps://www.cdfifund.gov/Lists/CDFI Events/DispForm.aspx?ID=78CDFI Certification Conference Call2017-08-17T19:00:00Z2017-08-17T20:00:00ZConference Call0x01020041E1D5678A3CED4385147CFE255D181700355905A9067BF24DA9A2A59A2925ED6678
CDFI Certification Conference Callhttps://www.cdfifund.gov/Lists/CDFI Events/DispForm.aspx?ID=79CDFI Certification Conference Call2017-09-21T19:00:00Z2017-09-21T20:00:00ZConference Call0x01020041E1D5678A3CED4385147CFE255D181700355905A9067BF24DA9A2A59A2925ED6679

 

 

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