Wednesday, May 6, 2020
Request for Public Comment on CDFI Certification Application and Reporting Tools
At the Community Development Financial Institutions Fund (CDFI Fund), we value the important work that Certified Community Development Financial Institutions (CDFIs) do. We know that CDFIs are being asked to do more than ever before in delivering capital and credit to families, businesses and communities across the nation. And we want to continue to support CDFIs the best way that we can, evolving our policies where possible to meet the modern needs of CDFIs.
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2022 funding round for the Small Dollar Loan Program (SDL Program) today. SDL Program funding is intended to expand consumer access to financial institutions by providing alternatives to high cost small dollar lending. The SDL Program funding is also intended to help unbanked and underbanked populations build credit, access affordable capital, and allow greater access into the mainstream financial system.
The Community Development Financial Institutions Fund (CDFI Fund) will be conducting two live Q&A webinar sessions on how to complete and submit Transaction Level Reports (TLRs) in the Awards Management Information System (AMIS). During these sessions, entities will have the opportunity to ask any TLR related questions ahead of the June 30, 2022 submission deadline. The CDFI Fund anticipates an unprecedented number of TLR submissions for the June 30th deadline, so we encourage entities to begin working on their submissions as early as possible.
The Community Development Financial Institutions Fund (CDFI Fund) has selected a contractor for the NMTC Program Native Initiative. The NMTC Program Native Initiative is an effort to increase New Markets Tax Credit (NMTC) investment in Federal Indian Reservations, Off-Reservation Trust Lands, Hawaiian Home Lands, and Alaska Native Village Statistical Areas, collectively referred to as NMTC Native Areas.