CDFI Fund Impact Blog



CDFI Helps Childcare Entrepreneur Realize Her Dream Helps Childcare Entrepreneur Realize Her Dream<div class="ExternalClass8C4572D9EB0743D0AA8698543608557B"><p>A major logistical and economic decision facing American families is finding quality affordable childcare. This is especially difficult for low-income families. According to the US Census Bureau, low-income families (less than 200% of the poverty level; or less than $50,000 for a family of four) spend 35% of their family’s monthly income on child care costs (US Census Bureau, Survey of Income and Program Participation, 2014 Panel Wave 3).</p><p><a href="/Documents/ABC%20Academy%20Impact%20Story%20V2%2008102020.pdf" target="_blank">To read the full story, click here</a>.</p></div>2020-08-12T16:00:00ZLocal Impact80GP0|#b5b6d8ce-05eb-4f77-a164-48221593deec;L0|#0b5b6d8ce-05eb-4f77-a164-48221593deec|Vermont;GTSet|#52f34ab0-6f81-4fe6-b393-2715c7089532;GP0|#c8a5d5bc-32cc-47a9-88a8-702f1f974786;L0|#0c8a5d5bc-32cc-47a9-88a8-702f1f974786|CDFI Certification
Get Ready for the FY 2020 Capital Magnet Fund Round: Webinar and Important Tips! Ready for the FY 2020 Capital Magnet Fund Round: Webinar and Important Tips!<div class="ExternalClass304D611ED74A42239BA48CF8A5B2C0FD"><p>Interested in applying to the upcoming fiscal year (FY) 2020 funding round for the Capital Magnet Fund? You may find the following information helpful in getting started. The CDFI Fund is tentatively planning to open the FY 2020 application round in late spring 2020.</p><p>The Capital Magnet Fund team will hold a pre-application webinar for potential applicants on May 13, 2020. The webinar will provide an overview of the Capital Magnet Fund program and how applicants can prep for the round in advance by setting up the essential System for Award Management (SAM),, and Awards Management Information System (AMIS) accounts. View how to access the webinar and additional useful information below.</p><p> <b>FY 2020 CMF Pre-Application Webinar</b></p><p> <b>Date</b>: May 13, 2020</p><p> <b>Time</b>: 2:00 PM -3:00 PM ET</p><p> <b>Access</b>:<br>Webinar Link: <a href=""></a><br>Webinar Phone: 1-888-324-2878<br>Conference Number: PWXW1269403<br>Participant Passcode: 5982398<br></p><p></p><p> <b>Initial “Getting Ready to Apply” Steps</b></p><p> <i>The below information has been previously released. As always, the CDFI Fund encourages you to thoroughly review the information provided on and in advance, as the CDFI Fund is not responsible for maintaining those systems and processes may change.</i></p><p>To successfully submit a Capital Magnet Fund funding application, your organization will need to have key information on hand and account access for several different federal government websites. You can act now to speed things up for your organization when the application period opens for the FY 2020 round. </p><p>Completing the following will ensure that you will be able to access required forms and information in,, and AMIS. Please note that while we have done our best to compile useful links to help you, the CDFI Fund is not responsible for maintaining links or the accuracy of the information on other organizations' websites.</p> <b>Step 1: Obtain your DUNS and EIN Numbers</b> <p></p><p>Each applicant must provide, as part of its application submission, a Dun and Bradstreet Universal Numbering System (DUNS) number. Applicants without a DUNS number will not be able to register in and, nor submit a Standard Form (SF)-424 Mandatory in the system. Further, the DUNS number in your,, and AMIS accounts must all match and must be the correct DUNS number of the Applicant.</p><ul><li><p> Please allow sufficient time for Dun and Bradstreet to respond to inquiries and/or requests for DUNS numbers.</p></li><li><p> <a href="" target="_blank">Learn more about how to obtain a DUNS number here.</a></p></li></ul><p>Applicants must also have an Employer Identification Number (EIN) to register in, which is a prerequisite to submit a SF-424 Mandatory via Applicants that do not have an EIN number must apply to the Internal Revenue Service (IRS) to obtain the number. Further, the EIN number in your,, and AMIS accounts must all match and must be the correct EIN number of the applicant.</p><ul><li><p> Please allow sufficient time to obtain your organization’s EIN. </p></li><li><p> <a href="" target="_blank">To obtain an EIN, please visit the page here.</a></p></li></ul><p> <b>Step 2: Create or Update Your Account</b></p><p>SAM is an official website of the U.S. government that collects, validates, stores, and disseminates business information about the federal government's trading partners in support of the contract awards, grants, and electronic payment processes. You must have an active registration in to do business with the federal government.</p><p>Registration in SAM is <b>required</b> as part of the registration process and for all applications submitted for the Capital Magnet Fund. </p><p>Applicants that have previously registered with SAM must verify their accounts are current and active, as they need to be renewed annually. <b>Even if your organization has registered with SAM previously, you should not assume that your account is still active.</b> Also, the process to reactivate your SAM account may take longer than you anticipate. If your account is not active, you will be unable to submit the portion of your application. Additionally, if your organization is selected to receive a FY 2020 Capital Magnet Fund award, the funds from your award will be paid to the bank account you have on file with Therefore, it is important to have accurate bank information in the system.</p><p> requires the submission of an Entity Administrator notarized letter as part of the registration process. Please review the <a href="" target="_blank">instructions</a> carefully.</p><ul><li><p> requires the public to have a account to use <a href="" target="_blank">Here's more information about how to use to access</a></p></li><li><p> <a href="">Here’s a useful link on how to register a new entity with</a>.</p></li><li><p>This process may take <b>four weeks or longer</b> for both new applicants and applicants that need to re-activate an existing account.*<br></p></li></ul><p> <b>Step 3: Create or Update Your Account</b></p><p>Applicants must have a account and submit the appropriate SF-424 Mandatory by the deadline listed in the applicable program Notice of Funding Availability (NOFA) published in the Federal Register.</p><p>The appropriate SF-424 Mandatory must be completed and submitted electronically via before the application materials are due in your AMIS account. You will not be able to submit the SF-424 to the CDFI Fund directly. If you upload the SF-424 Mandatory to your AMIS account, it will not be reviewed. An SF-424 Mandatory must be submitted separately for each program applied to on an annual basis, in accordance with each program’s NOFA.</p><ul><li><p> Please allow sufficient time to register for a account.</p></li><li><p> <a href="" target="_blank">Here’s a useful link on how to register for a account</a>.</p></li></ul><p> <br> </p></div>2020-04-29T13:00:00ZPrograms and Initiatives79GP0|#a52ce078-0bf5-4ef8-aa4b-0b66902683da;L0|#0a52ce078-0bf5-4ef8-aa4b-0b66902683da|Capital Magnet Fund;GTSet|#52f34ab0-6f81-4fe6-b393-2715c7089532
PeopleFund CDFI Helps Kickboxing Center Kick Hurricane Harvey's Devastation CDFI Helps Kickboxing Center Kick Hurricane Harvey's Devastation<div class="ExternalClass754356F4D6394249B3A559AF090A2607"><p>Recovering from a disaster is a long, traumatic, and expensive process for survivors and the communities in which they live. In distressed and underserved areas, where insurance or private financial resources are often unaffordable or unavailable, recovery is an even more daunting effort. While local, state, and federal government agencies provide critical support necessary for survival and rebuilding after disasters, many low-income families are unable to access these resources because of delays in securing necessary government approvals; an inability to qualify for assistance or loans; or a general lack of available assistance.</p><p><a href="/Documents/PeopleFund%20CDFI%20Helps%20Kickboxing%20Center%203-19-20.pdf" target="_blank">To read the full story, please click here.</a><br></p><br></div>2020-04-02T22:00:00ZLocal Impact78GP0|#c8a5d5bc-32cc-47a9-88a8-702f1f974786;L0|#0c8a5d5bc-32cc-47a9-88a8-702f1f974786|CDFI Certification;GTSet|#52f34ab0-6f81-4fe6-b393-2715c7089532;GP0|#e8a79c04-18c5-4610-9e9f-7671200e553c;L0|#0e8a79c04-18c5-4610-9e9f-7671200e553c|Texas