| A Virtual Public Meeting of the CDFI Fund’s Advisory Board will be Held on August 27, 2020 | | https://www.cdfifund.gov/Lists/CDFI News/AllItems.aspx | https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=390 | A Virtual Public Meeting of the CDFI Fund’s Advisory Board will be Held on August 27, 2020 | <p>The Community Development Financial Institutions Fund (CDFI Fund) is convening a meeting of the
<a href="/about/Pages/advisory-board.aspx" target="_blank">Community Development Advisory Board</a> (the Advisory Board) from 2:00 to 5:00 p.m. Eastern Daylight Time on Thursday, August 27, 2020. This meeting will be conducted virtually.</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>Please use the following link to view the
<a href="https://www.federalregister.gov/d/2020-17493" target="_blank">official meeting notice</a>.</p><p>
<b>Accessing the Virtual Meeting & Registration Deadline</b></p><p>This virtual meeting of the Advisory Board is open to the public and free of charge. Members of the public who wish to view this virtual meeting must register in advance.</p><p>The registration deadline is 11:59 p.m. Eastern Standard Time on Tuesday, August 25, 2020.</p><p>Please use the following <a href="https://urldefense.proofpoint.com/v2/url?u=https-3A__frbmeetings.webex.com_frbmeetings_onstage_g.php-3FMTID-3Deba1d7692487bf02446f748d49182b265&d=DwMFAw&c=Tuerg-yNTgVjZ4qfQI_XUAo-m_1Vz9aewAZbk-XJGzU&r=1vhXnK6ThYdfGp0GX9Va42ZemwFQJ5CS2YjM-y9ZtOk&m=__mw0VJC3kw0AUNMU8j7cU9tD6o4066I67y1uWhCCUE&s=iHeapRWFZ830LaDstHzq9Wsy8OFu3LamO4vQ_cxEV0o&e=" target="_blank">link to register</a>.</p><p>
<b>Agenda</b></p><p>The Advisory Board meeting will include: a report from the CDFI Fund Director on the activities of the CDFI Fund since the last Advisory Board meeting; presentations from two Advisory Board subcommittees on recommendations related to CDFI Certification and Persistent Poverty Counties; and two panel discussions. The first panel discussion will focus on the impact of the COVID-19 pandemic and resulting economic distress faced by CDFIs and how they have responded. The second panel will discuss the future needs of CDFIs and the clients and communities they serve.</p><p>
<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 visual or audio assistance. Please contact Jay Santiago by calling (202) 653-0300.</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" target="_blank">AdvisoryBoard@cdfi.treas.gov</a>.</p> | 2020-08-11T04:00:00Z | Updates | 390 | | |
| CDFI Fund Request for Information: Small Dollar Loan Program | | https://www.cdfifund.gov/Lists/CDFI News/AllItems.aspx | https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=388 | CDFI Fund Request for Information: Small Dollar Loan Program | <p>The Community Development Financial Institutions Fund (CDFI Fund) is
<a href="https://www.govinfo.gov/content/pkg/FR-2020-07-27/pdf/2020-16213.pdf" target="_blank">currently seeking information</a> from Certified Community Development Financial Institutions (CDFIs), Federally Insured Depository Institutions, trade organizations, and the general public about the Small Dollar Loan Program (SDLP). </p><p>Authorized by the
<a href="https://www.congress.gov/111/plaws/publ203/PLAW-111publ203.pdf" target="_blank">Dodd-Frank Wall Street Reform and Consumer Protection Act</a> (P.L. 111-203), SDLP was established to provide grants for Loan Loss Reserves (LLRs) and Technical Assistance (TA) to enable Certified CDFIs to establish and maintain small dollar loan programs. Small dollar loans are defined as loans that do not exceed $2,500. Program funding is intended to help Certified CDFIs provide an alternative to high-cost small dollar loans. It is also intended to help unbanked and underbanked populations build credit, access affordable capital, and allow greater access into the mainstream financial system. </p><p>The CDFI Fund received $5 million for the SDLP under the Consolidated Appropriations Act, 2020 (P.L. 116-93). The first Notice for Funding Availability (NOFA) and Application are anticipated to be released in fiscal year 2021. Eligible applicants, per the SDLP statute (12 U.S.C. § 4719), will be limited to Certified CDFIs and partnerships between such Certified CDFIs and any other Federally Insured Depository Institution with a primary mission to serve targeted Investment Areas. An applicant can request SDLP grants for LLRs, TA, or both. SDLP grants cannot be used to provide direct loans to consumers. </p><p>The CDFI Fund is currently seeking information regarding, but not limited to, the following:</p><ul><li><p>the characteristics of small dollar loan program policies and practices; </p></li><li><p>the proposed definitions of key terms for the CDFI Fund's SDLP;</p></li><li><p>the SDLP program Application, including what questions should be asked regarding the consumer need and environment, track record, business plan, and technical assistance strategy of the applicants;</p></li><li><p>the minimum and maximum award sizes for the SDLP; </p></li><li><p>the impact of regulatory requirements and restrictions on SDLP applicants; </p></li><li><p>the specific types of entities eligible to apply to the SDLP, including Community Partnerships; </p></li><li><p>the CDFI Fund's evaluation criteria for measuring a successful Application to the SDLP; and </p></li><li><p>the CDFI Fund's performance goals, compliance, and reporting requirements for the SDLP. </p></li>
</ul><p>Please review the Request for Information in the Federal Register for the complete list of topics that the CDFI Fund is seeking input on regarding the Small Dollar Loan Program. Comments should be submitted via email to Mia Sowell, Acting Program Manager, Small Dollar Loan Program, CDFI Fund, at
<a href="mailto:cdfihelp@cdfi.treas.gov">cdfihelp@cdfi.treas.gov</a>, or via Service Request in the Awards Management Information System, by September 10, 2020 to be considered by the CDFI Fund. </p><p>
<strong>Related Materials</strong></p><ul><li>
<a href="https://www.govinfo.gov/content/pkg/FR-2020-07-27/pdf/2020-16213.pdf" target="_blank">Federal Register Notice</a></li></ul> | 2020-07-24T04:00:00Z | Updates | 388 | | |
| Public Comment Period Extended for CDFI Certification Application, ACR, and CTLR | | https://www.cdfifund.gov/Lists/CDFI News/AllItems.aspx | https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=387 | Public Comment Period Extended for CDFI Certification Application, ACR, and CTLR | <p><em>Deadline to Submit Responses to CDFI Fund Now November 5, 2020</em></p><p>The Community Development Financial Institutions Fund (CDFI Fund)
<strong>will extend</strong> the deadline to submit comments in response to its
<a href="/news-events/Pages/news-detail.aspx?NewsID=378&Category=Updates">solicitation</a> for public feedback on a revised Community Development </p><p>Financial Institution (CDFI) Certification Application, Annual Certification and Data Collection Report (ACR), and new Certification Transaction Level Report (CTLR). The CDFI Fund is releasing the updated deadlines in anticipation of the publication of an Extension of Comment Period in the Federal Register. The new deadline to submit comments for the<strong> </strong>CDFI Certification Application, ACR, and CTLR is
<strong>November 5, 2020</strong>.</p><p>The CDFI Fund is providing this extension to allow organizations additional time to prepare their comments. The original deadline to submit responses to the request for public comment was August 5, 2020.</p><p>
<strong>Additional Information</strong></p><p>The CDFI Fund has developed a
<a href="/programs-training/certification/cdfi/Pages/CertificationPRA.aspx">dedicated page</a> on its website with more information about the revised CDFI Certification Application and reporting forms. The page contains Federal Register notices; explanatory and reference material; and recorded webinars outlining the proposed changes to the CDFI Certification Application, ACR, and the new CTLR.
<strong>Members of the public are encouraged to review the information on the webpage in its entirety prior to the submission of comments.</strong> </p><p>In addition, the CDFI Fund is collecting requests for
<strong>clarification only</strong> of terms and procedures contained in the proposed CDFI Certification Application, ACR, and CTLR. Requests for clarification will be reviewed for inclusion in a Frequently Asked Questions (FAQs) document that will be released to the public at a later date.
<br></p><ul><li><p>
<em>Requests for clarification regarding the </em>
<em>
<strong>CDFI Certification Application</strong></em><em> should be submitted to</em>:<strong> </strong>Tanya McInnis, Program Manager for the Office of Certification, Compliance Monitoring and Evaluation, CDFI Fund, at
<a href="mailto:ccme@cdfi.treas.gov">ccme@cdfi.treas.gov</a>.
</p></li><li><p>
<em>Requests for clarification regarding the </em>
<em>
<strong>ACR and CTLR</strong></em><em> should be submitted to</em>: Greg Bischak, Financial Strategies and Research Program Manager, CDFI Fund, at
<a href="mailto:CDFI-FinancialStrategiesandResearch@cdfi.treas.gov">CDFI-FinancialStrategiesandResearch@cdfi.treas.gov</a>.</p></li></ul><p>
<strong>Related Materials</strong></p><ul><li><p>
<a href="/programs-training/certification/cdfi/Pages/CertificationPRA.aspx">CDFI Certification, ACR, & CTLR Comment Resources Page</a></p></li><li><p><a href="https://www.govinfo.gov/content/pkg/FR-2020-07-27/pdf/2020-16196.pdf" target="_blank">Federal Register Notice: CDFI Certification Application Comment Extension</a></p></li><li><p><a href="https://www.govinfo.gov/content/pkg/FR-2020-07-27/pdf/2020-16195.pdf" target="_blank">Federal Register Notice: ACR and CTLR Comment Extension</a></p></li></ul><p>
<br>
</p> | 2020-07-21T04:00:00Z | Updates | 387 | | |
