CDFI Fund Impact Blog

 

 

Native American CDFI Promotes Business and Tourism in Shawnee, Oklahomahttps://www.cdfifund.gov/impact/Lists/Posts/ViewPost.aspx?ID=74Native American CDFI Promotes Business and Tourism in Shawnee, Oklahoma<div class="ExternalClassFF58698ACBDB402590FC6FE8D214009C"><p>Citizen Potawatomi Community Development Corporation (CPCDC), a certified Native Community Development Financial Institution (CDFI), has successfully fostered entrepreneurship and economic development opportunities within the Citizen Potawatomi Nation’s tribal community in Shawnee, Oklahoma. To that end, CPCDC, a participant in the Community Development Financial Institutions Fund (CDFI Fund) CDFI Bond Guarantee Program (BG Program), was able to provide funding that helped develop Firelake Arena—a major entertainment venue.<br></p><p><a href="/Documents/Firelake%20Arena%2010-28-19.pdf" target="_blank">To read the full story, click here.</a><br></p> </div>2019-10-31T16:00:00ZLocal Impact74GP0|#e5ca169a-3210-4374-8024-08bc93cb9c65;L0|#0e5ca169a-3210-4374-8024-08bc93cb9c65|CDFI Bond Guarantee Program;GTSet|#52f34ab0-6f81-4fe6-b393-2715c7089532;GP0|#166f18a8-7812-400a-bef0-da63deb924cc;L0|#0166f18a8-7812-400a-bef0-da63deb924cc|Oklahoma
New Markets Tax Credits Assist Victims of Domestic Violencehttps://www.cdfifund.gov/impact/Lists/Posts/ViewPost.aspx?ID=73New Markets Tax Credits Assist Victims of Domestic Violence<div class="ExternalClass3FFA2762FC764552B1FD5E971827A8F8"><p>Tarrant County, located in north central Texas, is an urban county with a population of approximately 1.8 million people. Fort Worth serves as the county seat. According to the 2017 Annual Report of the Tarrant County Criminal District Attorney, one in three women in the county will experience intimate partner violence (IPV) at some point in her lifetime--almost 10 percent higher than the national average in 2016.<br></p><p><a href="/Documents/NMTC%20Assists%20Victims%20of%20Domestic%20Violence%209-19-19.pdf" target="_blank">To read the full story, click here.</a><br></p><br></div>2019-09-24T16:00:00ZLocal Impact73GP0|#368ed6d6-d6bb-4a27-ad10-a1a0a87661d8;L0|#0368ed6d6-d6bb-4a27-ad10-a1a0a87661d8|New Markets Tax Credit;GTSet|#52f34ab0-6f81-4fe6-b393-2715c7089532;GP0|#e8a79c04-18c5-4610-9e9f-7671200e553c;L0|#0e8a79c04-18c5-4610-9e9f-7671200e553c|Texas
Want to apply for a CDFI Fund Award? Not yet a Certified CDFI? Don’t Wait to Submit a CDFI Certification Application!https://www.cdfifund.gov/impact/Lists/Posts/ViewPost.aspx?ID=72Want to apply for a CDFI Fund Award? Not yet a Certified CDFI? Don’t Wait to Submit a CDFI Certification Application!<div class="ExternalClassE4FB68F1ED994BD58130DA5D04335F60"><p> <i>90-day Review Timeline for CDFI Certification Applications Can Affect Program Eligibility</i></p><p>Certification as a Community Development Financial Institution (CDFI) is the gateway to accessing community development finance assistance offered by the Community Development Financial Institutions Fund (CDFI Fund). It determines an organization’s eligibility to apply for assistance through the CDFI Program and Native American CDFI Assistance Program (NACA Program), the CDFI Bond Guarantee Program (BG Program), and the Capital Magnet Fund <a href="/impact/Lists/Posts/(CMF)">(CMF)</a>. Certification as a CDFI also conveys eligibility to be a certified Community Development Entity (CDE) under the New Markets Tax Credit Program <a href="/impact/Lists/Posts/(NMTC%20Program)">(NMTC Program)</a>. And, finally, an organization’s status as a certified CDFI can impact the amount of assistance it can be awarded through the Bank Enterprise Award Program (BEA Program).</p><p>Last fall, the CDFI Fund <a href="/news-events/news/Pages/news-detail.aspx?NewsID=326&Category=Updates" target="_blank">migrated</a> the CDFI Certification Application into its Awards Management Information System (AMIS). This transition has allowed the CDFI Fund to streamline and expedite the review of CDFI Certification Applications. However, this is not an instantaneous process. Applicants for CDFI Certification should be aware that reviewing, evaluating, and then providing a determination on applications for certification can take up to 90 days from when a <b>completed</b> application is received by the CDFI Fund.</p><p>Certification applications are currently accepted on a rolling basis. However, for organizations contemplating becoming a certified CDFI in order to apply for a CDFI Fund program award, it’s very important to keep the 90-day timeline in mind. Several of the CDFI Fund programs identified above require organizations to be certified as a CDFI at the time an application round <a href="#opens">opens</a>.</p><p>Missing the certification deadlines specified in a CDFI Fund program Notice of Funds Availability (NOFA), Notice of Guarantee Availability (NOGA), or Notice of Allocation Authority (NOAA) will nullify an organization’s ability to apply for assistance. In order to prevent this from happening, the CDFI Fund urges those organizations thinking about applying for certification to do so with the applicable program’s funding application timeline in mind.</p><p>Many organizations miss the opportunity to apply for funding assistance because they either don’t apply for CDFI Certification far enough in advance or they submit an incomplete certification application that is subsequently rejected. Organizations interested in applying for certification should take advantage of the following resources developed by the CDFI Fund’s Office of Certification Compliance Monitoring and Evaluation (CCME):</p><ul><li><p>Information and guidance material on the CDFI Certification Application process, available on the <a href="/programs-training/certification/cdfi/Pages/default.aspx" target="_blank">CDFI Certification webpage </a>under the ‘How to Apply’ section by clicking on <a href="/programs-training/certification/cdfi/Pages/apply-step.aspx#step1" target="_blank">Step 1: Apply</a>.</p></li><li><p>Monthly CDFI Certification Conference Calls that provide a forum for potential CDFI Certification Applicants, certified CDFIs, and other CDFI certification stakeholders to ask questions and discuss the certification process. Information on accessing these monthly conference calls can be found on the <a href="/programs-training/certification/cdfi/Pages/default.aspx" target="_blank">CDFI Certification webpage</a>.</p></li><li><p>The CCME Help Desk, which answers questions related to CDFI or CDE Certification, as well as CDFI Fund assistance award compliance requirements. Contact the Help Desk via phone at (202) 653-0421 or email at <a href="mailto:ccme@cdfi.treas.gov" target="_blank">ccme@cdfi.treas.gov</a>. AMIS users can also submit service requests through their AMIS account.</p></li></ul><p> <i>Tanya McInnis is the Certification, Compliance Monitoring and Evaluation Manager</i></p><hr /> <footer> <ol><li id="(CMF)"><i>Non-profit organizations with a principal purpose of developing or managing affordable housing are also eligible to apply for a CMF award.</i></li><li id="(NMTC Program)"><i>See <a href="/programs-training/certification/cde/Pages/apply-step.aspx#step1" target="_blank">CDE Certification Step 1: Application Process</a></i></li><li id="opens"> <i>The BG Program, Capital Magnet Fund, CDFI Program, and NACA Program require an organization to be certified as a CDFI at the time of publication of the Notice of Guarantee Availability (NOGA) or Notice of Funds Availability (NOFA). However, certification as a CDFI is not required to apply for a Technical Assistance (TA) award through the CDFI Program or NACA Program.</i></li><p> </p></ol> </footer> </div>Tanya McInnis2019-09-10T13:00:00ZPrograms and Initiatives72GP0|#c8a5d5bc-32cc-47a9-88a8-702f1f974786;L0|#0c8a5d5bc-32cc-47a9-88a8-702f1f974786|CDFI Certification;GTSet|#52f34ab0-6f81-4fe6-b393-2715c7089532

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