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.
Today, the Community Development Financial Institutions Fund (CDFI Fund) released a Request for Proposal related to a procurement that is part of a broader effort to increase New Markets Tax Credit (NMTC) investment in Federal Indian Reservations, Off-Reservation Trust Lands, Hawaiian Home Lands, and Alaskan Native Village Statistical Areas (NMTC Native Areas). Industry and subject-matter experts are encouraged to review the Request for Proposal, which outlines the scope of this procurement.
$5 Billion in Allocation Authority Available
The U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) released today the Notice of Allocation Availability (NOAA) for the calendar year (CY) 2021 round of the New Markets Tax Credit Program (NMTC Program). The CDFI Fund is providing the NOAA on its website in anticipation of its publication in the Federal Register on November 8, 2021.
Later this year, the CDFI Fund’s Awards Management Information System (AMIS) will get a new look. While there will be no change in its functionality, AMIS will look quite different to users. The change is occurring because the provider of the platform on which AMIS operates, Salesforce, is upgrading the user interface.