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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 >

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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

 

 

$3.5 Billion in New Markets Tax Credits Awarded to Spur Economic Growth Nationwidehttps://www.cdfifund.gov/Lists/CDFI News/AllItems.aspxhttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=290$3.5 Billion in New Markets Tax Credits Awarded to Spur Economic Growth Nationwide<p> <b>Washington</b> – The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 73 Community Development Entities (CDEs) $3.5 billion in New Markets Tax Credits today. The tax credit allocation awards, made through the calendar year (CY) 2017 round of the New Markets Tax Credit Program (NMTC Program), will help stimulate investment and economic growth in low-income urban neighborhoods and rural communities nationwide. </p><p>“Today’s awards will finance projects ranging from manufacturing plants that create jobs to critically needed infrastructure,” said Treasury Secretary Steven T. Mnuchin. “I want to congratulate today’s award recipients for their outstanding work in improving distressed communities.” </p><p>The 73 CDEs receiving awards today were selected from a pool of 230 applicants that requested an aggregate total of $16.2 billion in tax credit allocation authority. The award recipients are headquartered in 29 different states, Guam, and the District of Columbia. It is estimated that these award recipients will make more than $685 million in New Markets Tax Credit investments in nonmetropolitan counties. </p><p>Today’s announcement brings the total amount awarded through the NMTC Program to $54 billion. Historically, NMTC Program awards have generated $8 of private investment for every $1 invested by the federal government. Through the end of fiscal year 2016, the most recent data available, NMTC Program award recipients deployed more than $44.4 billion in investments in low-income communities and businesses; with impacts such as the creation or retention of nearly 750,000 jobs, and the construction or rehabilitation of more than 190 million square feet of commercial real estate. </p><p> <b>2017 NMTC Program Award Resources</b></p><ul><li><p><a href="https://home.treasury.gov/news/press-release/sm0288" target="_blank">Treasury Department Press Release</a></p></li><li><p> <a href="/Documents/Final%202017%20NMTC%20Award%20Book%20v4%20021218.pdf" target="_blank">Award Book</a>: View award list and learn key facts and statistics about the Allocatees</p> </li><li><p> <a href="/Documents/2017%20NMTC%20Round%20Characteristics%20of%20a%20Highly%20Ranked%20Application%20-%20FINAL.pdf" target="_blank">Evaluation Process</a>: Overview of the NMTC Program Allocation Application Evaluation Process</p></li><li><p>Searchable Award Database: View the profiles of individual Allocatees (available online 2/21/18) </p></li><li><p>States Served Map: Explore the service areas of recent Allocatees (available online 2/21/18)</p></li></ul><hr /><p> <b>About the New Markets Tax Credit Program</b></p><p>The New Markets Tax Credit Program, established by Congress in December 2000, permits individual and corporate taxpayers to receive a non-refundable tax credit against federal income taxes for making equity investments in vehicles known as Community Development Entities (CDEs). CDEs that receive the tax credit allocation authority under the program are domestic corporations or partnerships that provide loans, investments, or financial counseling in low-income urban and rural communities. The tax credit provided to the investor totals 39 percent of the cost of the investment and is claimed over a seven-year period. The CDEs in turn use the capital raised to make investments in low-income communities. CDEs must apply annually to the CDFI Fund to compete for New Markets Tax Credit Program allocation authority. </p><p>To learn more about the New Markets Tax Credit Program, please view the program <a href="/Documents/NMTC%20Fact%20Sheet_Mar2017.pdf" target="_blank">Fact Sheet </a>or visit <a href="http://www.cdfifund.gov/nmtc" target="_blank">www.cdfifund.gov/nmtc</a>.  </p><p> <b>About the CDFI Fund</b></p><p>Since its creation in 1994, the CDFI Fund has awarded more than $2.2 billion to CDFIs, community development organizations, and financial institutions through the CDFI Program, the NACA Program, the Bank Enterprise Award Program, the Capital Magnet Fund, and the Financial Education and Counseling Pilot 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 guaranteed $1.1 billion in bonds 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" target="_blank">Fact Sheet </a>or visit the CDFI Fund’s website at <a href="http://www.cdfifund.gov/">www.cdfifund.gov</a>.  </p>2018-02-13T05:00:00ZPress Releases290
CDFI Fund Opens FY 2018 Funding Round for CDFI Program and NACA Programhttps://www.cdfifund.gov/Lists/CDFI News/AllItems.aspxhttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=289CDFI Fund Opens FY 2018 Funding Round for CDFI Program and NACA Program<p>Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2018 funding round for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program). The awards from these programs will support Community Development Financial Institutions (CDFIs) providing affordable financing and related services to low-income communities and populations that lack access to credit, capital, and financial services.</p><p>The CDFI Fund plans to award approximately $196.5 million in FY 2018 in Financial Assistance (FA) and Technical Assistance (TA) awards (subject to Congressional appropriation) to be divided as follows: $181 million for CDFI Program awards and $15.5 million in NACA Program awards, including awards for investments in Persistent Poverty Counties and $22 million for Healthy Food Financing Initiative Financial Assistance (HFFI-FA) awards. In addition, the CDFI Fund also plans to award $2.5 million in Disability Financial Assistance (DF-FA) awards.</p><p>As of today’s release, the CDFI Fund is operating under a continuing funding resolution as enacted by the Extension of Continuing Appropriations Act, 2018 (P.L. 115-120). The total amount of funds available for the FY 2018 CDFI Program and NACA Program round is contingent upon passage of final FY 2018 appropriations legislation. Assistance levels outlined in the Notices of Funding Availability (NOFAs) for the CDFI Program, including the Healthy Food Financing Initiative, and the NACA Program reflect FY 2017 funding levels, but are subject to revision or cancellation based upon enactment of a final FY 2018 appropriations bill. The CDFI Fund will update applicants when final budget authority is available for the FY 2018 round.</p><p> <b>CDFI Program Overview </b></p><p>Through the CDFI Program, the CDFI Fund invests in and builds the capacity of CDFIs to serve low-income people and communities lacking adequate access to affordable financial products and services. The CDFI Fund invests in certified CDFIs by providing FA awards to applicants that have demonstrated the financial and managerial capacity to deliver financial products and services to a low-income target market and to leverage additional resources effectively. Through TA awards, the CDFI Fund enables certified CDFIs and emerging entities working toward CDFI certification to build their capacity as lending institutions. For additional details about eligibility, application requirements, and available funding under the CDFI Program, please view the CDFI Program NOFA.</p><p> <b>NACA Program Overview </b></p><p>Through the NACA Program, the CDFI Fund encourages the creation and strengthening of CDFIs that primarily serve Native American, Alaska Native, and Native Hawaiian communities (Native Communities). Organizations funded serve a wide range of Native Communities, and reflect a diversity of institutions in various stages of development – from organizations in the early planning stages of creating a CDFI, to tribal entities working to certify an existing lending program, to established CDFIs in need of further assistance. The CDFI Fund makes both FA and TA awards under the NACA Program. For additional details about eligibility, application requirements, and available funding under the NACA Program, please view the NACA Program NOFA.</p><p> <b>Healthy Food Financing Initiative-Financial Assistance Overview </b></p><p>In FY 2018, HFFI-FA will serve as a supplemental funding opportunity under the CDFI Program and NACA Program for eligible CDFIs and Native CDFIs that express an interest in expanding their healthy food-focused financing activities and are selected to receive FA awards under the FY 2018 rounds of the CDFI Program or NACA Program. For additional details about eligibility, application requirements, and available funding under the HFFI-FA program, please view the CDFI Program and/or NACA Program NOFAs.</p><p> <b>Disability Funds-Financial Assistance Overview</b></p><p>In FY 2018, DF-FA will serve as a supplemental funding opportunity under the CDFI Program and NACA Program for eligible CDFIs and Native CDFIs that express an interest in expanding financing activities and services for persons with disabilities and are selected to receive FA awards under the FY 2018 rounds of the CDFI Program or NACA Program. </p><p>Applicants must indicate their interest in applying for DF-FA funding in their CDFI Program and/or NACA Program Financial Assistance application. Those applicants that successfully submit an FA application and indicate their interest in DF-FA will receive supplemental instructions regarding how to apply for DF-FA funding after the close of the FY 2018 application submission period. For additional details about eligibility, application requirements, and available funding under the DF-FA program, please view the CDFI Program and/or NACA Program NOFAs. </p><p> <b>Application Materials </b></p><p>Reference copies of the NOFAs and all application materials can be found on the CDFI Fund’s website at: </p><ul><li><p> <b>CDFI Program:</b> <a href="http://www.cdfifund.gov/cdfi" target="_blank">www.cdfifund.gov/cdfi</a>, under <a href="/programs-training/Programs/cdfi-program/Pages/apply-step.aspx" target="_blank">Step 2: Apply </a> </p></li><li><p> <b>NACA Program:</b> <a href="http://www.cdfifund.gov/native" target="_blank">www.cdfifund.gov/native</a>, under <a href="/programs-training/Programs/native-initiatives/Pages/apply-step.aspx" target="_blank">Step 2: Apply</a> </p></li></ul><p>The CDFI Fund will be adding guidance materials on a rolling basis to the website. Applicants are strongly encouraged to read and view all application materials, including the NOFA, application guidance, webinars, and presentations.</p><p> <b>Required Application Systems</b></p><p>All applicants must be registered in SAM.gov, Grants.gov, and AMIS to apply for funding by <b>March 2, 2018</b>, or their application will be considered ineligible. Organizations should either create these accounts if they don’t exist or confirm that their existing accounts are up-to-date as soon as possible in order to avoid potential application submission problems.</p><ul><li><p> <b>SAM.gov:</b> Applicants must have an active System for Awards Management (SAM) account. Each applicant is advised to first make sure its SAM.gov account is active and valid before beginning its preparation of the other application materials in Grants.gov or AMIS. The SAM.gov website is <a href="http://www.sam.gov/" target="_blank">www.SAM.gov</a>. </p></li><li><p> <b>Grants.gov:</b> All applicants are required to submit a Standard Form (SF)-424 electronically through <a href="http://www.grants.gov/" target="_blank">Grants.gov </a>before beginning their FY 2018 funding application for the CDFI Program or NACA Program. The SF-424 can be found in Grants.gov under the funding opportunity number for each program. </p><ul><li><p> <b>CDFI Program:</b> CDFI-2018-FATA</p></li><li><p> <b>NACA Program:</b> CDFI-2018-NACA</p></li></ul><p>Applicants that do not submit an SF-424 electronically through Grants.gov by the stated deadline will not be eligible to submit application materials in AMIS.</p><p> <i>Please note:</i> Grants.gov has recently changed the user interface of its website. Both new and repeat applicants should allow extra time to navigate the changes to Grants.gov.</p></li><li><p> <b>AMIS:</b> After submitting the SF-424 through Grants.gov, all applicants must use the CDFI Fund’s <a href="https://amis.cdfifund.gov/s/AMISHome" target="_blank">Awards Management Information System (AMIS)</a> to create, complete, and submit the final application materials for the FY 2018 CDFI Program and NACA Program application rounds. The FY 2018 application is currently live and available in AMIS. Please see the NOFAs for more information on submitting the CDFI Program and NACA Program applications. </p></li></ul><p>New applicants are encouraged to begin the registration process for each of the systems now and will find registration guidance on each website. Applicants should allow ample time to complete the entire registration and submission process well in advance of the application deadline. The CDFI Fund provided an initial overview of the steps to register in SAM.gov, Grants.gov, and AMIS on its <a href="/impact/Pages/BlogDetail.aspx?BlogID=43" target="_blank">Impact Blog </a>earlier in January. </p><p>Please see the applicable NOFAs for more information on submitting the CDFI Program and NACA Program applications.</p><p> <b>Deadlines </b></p><ul><li><p>Applicants must both submit their SF-424 electronically via Grants.gov and create an AMIS account before 11:59 p.m. Eastern Time (ET) on <b>March 2, 2018</b>.</p></li><li><p>Complete CDFI Program and NACA Program applications must be submitted electronically through AMIS before 11:59 p.m. ET on <b>April 4, 2018</b>. The FY 2018 application is already available in AMIS as of January 31, 2018.</p></li><li><p>The CDFI Fund strongly encourages all materials to be submitted at least three days before each corresponding deadline for Grants.gov and AMIS.</p></li><li><p>The CDFI Fund will not respond to any applicant questions about the FY 2018 application round after 5:00 p.m. ET on <b>April 2, 2018</b>.</p></li></ul><p>Please see the applicable NOFAs for more information on submitting the CDFI Program and NACA Program applications.</p><p> <b>Learn About Applying to the CDFI and NACA Programs </b></p><p>The CDFI Fund is providing the following opportunities to learn more about the FY 2018 CDFI Program and NACA Program funding round:</p><ol><li><p> <b>In-Person Application Workshops:</b> CDFI Fund staff will conduct five in-person FY 2018 CDFI Program and NACA Program Application Workshops in Washington, DC. Registration for these workshops is now <b>open</b>. Due to security requirements at the federal facility where the workshops will be held, anyone wishing to attend the in-person application workshops <b>must</b> register through the online registration system links provided on the CDFI Fund’s website. Individuals who do not register before the applicable registration deadlines may not be admitted. View all information about the workshops, including registration information, on the Application Materials section of the <a href="/programs-training/Programs/cdfi-program/Pages/apply-step.aspx" target="_blank">CDFI Program </a>and <a href="/programs-training/Programs/native-initiatives/Pages/apply-step.aspx" target="_blank">NACA Program </a>webpages.</p></li><li><p> <b>Q&A Webinars:</b> The CDFI Fund is conducting six targeted live webinars to provide a forum to answer applicant questions about the FY 2018 CDFI Program and NACA Program applications. Please view the Application Materials section of the<a href="/programs-training/Programs/cdfi-program/Pages/apply-step.aspx" target="_blank"> CDFI Program</a> and <a href="/programs-training/Programs/native-initiatives/Pages/apply-step.aspx" target="_blank">NACA Program </a>webpages for the dates, times, and access information for each webinar. Advance registration is not required to participate in the webinars.</p></li></ol><p> <b>Additional Guidance Materials</b></p><p>In the coming weeks, the CDFI Fund will continue to update the Application Materials section of the <a href="/programs-training/Programs/cdfi-program/Pages/apply-step.aspx" target="_blank">CDFI Program </a>and <a href="/programs-training/Programs/native-initiatives/Pages/apply-step.aspx" target="_blank">NACA Program</a> webpages with additional guidance materials and presentations. Keep an eye on the CDFI Fund’s website for updates.</p><p> <b>Questions </b></p><p>For more information on the CDFI Program, the NACA Program, the Q&A webinars, or the application workshops, please contact the CDFI Fund’s Help Desk by e-mailing <a href="mailto:cdfihelp@cdfi.treas.gov">cdfihelp@cdfi.treas.gov</a> or by calling (202) 653-0421 (option 1).</p>2018-01-31T05:00:00ZUpdates289
FY 2018 Round CDFI Bond Guarantee Program Applicants: Guarantee Application Deadline Extended to February 16, 2018https://www.cdfifund.gov/Lists/CDFI News/AllItems.aspxhttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=287FY 2018 Round CDFI Bond Guarantee Program Applicants: Guarantee Application Deadline Extended to February 16, 2018<p>​​On November 2, 2017, the Community Development Financial Institutions Fund (CDFI Fund) announced in a Notice of Guarantee Availability (NOGA) for the CDFI Bond Guarantee Program that the deadline for submitting a fiscal year (FY) 2018 Guarantee Application was 11:59 p.m. Eastern Standard Time (EST) on January 23, 2018.</p><p>In anticipation of the publication of an amended NOGA in the Federal Register tomorrow, the CDFI Fund is announcing that it is extending the Guarantee Application deadline to 11:59 p.m. EST on February 16, 2018. </p><p>Relatedly, the last day to contact the CDFI Fund with questions regarding the Guarantee Application has been extended to 5:00 p.m. EST on February 9, 2018. Please refer to the November 2, 2017, NOGA for details on communicating with the CDFI Fund.</p><p>The deadline for Qualified Issuer Applications must have been received by the CDFI Fund by 11:59 p.m. EST on January 9, 2018; and the CDFI Certification Applications must have been received by the CDFI Fund by 11:59 p.m. EST on November 30, 2017, in accordance with the NOGA published on November 2, 2017.</p><p>All other information and requirements set forth in the November 2, 2017, NOGA shall remain effective as published.</p><p>For more information about the CDFI Bond Guarantee Program, please visit www.cdfifund.gov/bond.</p><p>Links:</p><ul><li><p><a href="/Documents/FY%202018%20CDFI%20Bond%20Guarantee%20Program%20%20Application%20Deadline%20Extension.pdf" target="_blank">Amended NOGA (January 16, 2018)</a></p></li><li><p><a href="/Documents/FY%202018%20BGP%20NOGA%2010022017.pdf" target="_blank">NOGA (November 2, 2017)</a></p></li><p> </p></ul>2018-01-16T05:00:00ZUpdates287

 Upcoming Events

 

 

CDFI Certification Conference Callhttps://www.cdfifund.gov/Lists/CDFI Events/AllItems.aspxhttps://www.cdfifund.gov/Lists/CDFI Events/DispForm.aspx?ID=2CDFI Certification Conference Call2018-02-15T20:00:00Z2018-02-15T21:00:00ZConference Call 0x01020041E1D5678A3CED4385147CFE255D18170057406B2C3550AF449B8352847FBB5E542
CDFI Certification Conference Callhttps://www.cdfifund.gov/Lists/CDFI Events/AllItems.aspxhttps://www.cdfifund.gov/Lists/CDFI Events/DispForm.aspx?ID=3CDFI Certification Conference Call2018-03-15T19:00:00Z2018-03-15T20:00:00ZConference Call0x01020041E1D5678A3CED4385147CFE255D18170057406B2C3550AF449B8352847FBB5E543
CDFI Certification Conference Callhttps://www.cdfifund.gov/Lists/CDFI Events/AllItems.aspxhttps://www.cdfifund.gov/Lists/CDFI Events/DispForm.aspx?ID=4CDFI Certification Conference Call2018-04-19T19:00:00Z2018-04-19T20:00:00ZConference Call0x01020041E1D5678A3CED4385147CFE255D18170057406B2C3550AF449B8352847FBB5E544

 

 

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