| CDFI Fund Releases Application Demand for FY 2018 Round of Capital Magnet Fund | | https://www.cdfifund.gov/Lists/CDFI News/AllItems.aspx | https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=331 | CDFI Fund Releases Application Demand for FY 2018 Round of Capital Magnet Fund | <p>The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the application data for the fiscal year (FY) 2018 round of its Capital Magnet Fund program. A total of 116 organizations submitted eligible applications requesting more than $570 million in funding. The applicants propose to serve 49 states, the District of Columbia, and Puerto Rico. 57 percent of the applicants are certified Community Development Financial Institutions (CDFIs), and the remaining 43 percent of the applicants are non-profit affordable housing organizations. </p><p>Through the Capital Magnet Fund, the CDFI Fund competitively awards funds to CDFIs and qualified non-profit housing organizations. These awards can be used to finance affordable housing activities, as well as related economic development activities and community service facilities. The Capital Magnet Fund aims to attract private capital to economically distressed communities, including underserved rural areas. Funding for the Capital Magnet Fund comes from allocations made by the Government-Sponsored Enterprises Fannie Mae and Freddie Mac and varies from year to year. Approximately $143 million is available for awards for the FY 2018 round.</p><p>The FY 2018 application period closed on September 17, 2018. The CDFI Fund currently expects to announce the awards in early 2019. For more information about the Capital Magnet Fund, visit the CDFI Fund’s website at <a href="http://www.cdfifund.gov/cmf" target="_blank">www.cdfifund.gov/cmf</a>. </p>
| 2018-11-27T05:00:00Z | Updates | 331 | | |
| Update for FY 2019 CDFI Bond Guarantee Program Applicants: Applications Now Available in AMIS | | https://www.cdfifund.gov/Lists/CDFI News/AllItems.aspx | https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=330 | Update for FY 2019 CDFI Bond Guarantee Program Applicants: Applications Now Available in AMIS | <p>The electronic applications for the fiscal year (FY) 2019 round of the CDFI Bond Guarantee Program are now available in the Community Development Financial Institutions Fund’s (CDFI Fund’s) Awards Management Information System (AMIS). </p><p>In addition, the CDFI Fund has posted a PDF version of the Qualified Issuer and Guarantee applications along with an AMIS Bond Guarantee Program User Guide to its website. Links to the PDF applications and guide can be found on the CDFI Bond Guarantee Program webpage (www.cdfifund.gov/bond) under the ‘How To Apply’ section by clicking on <a href="/programs-training/Programs/cdfi-bond/Pages/apply-step.aspx#step2">Step 2: Apply</a>. Please note that the PDF applications are for reference only. Organizations must use the AMIS Bond Guarantee interface to submit Qualified Issuer and Guarantee Applications, using guidance provided in the above mentioned documents.</p><p>
<b>Reminder about Deadlines</b></p><p>Please refer to the NOGA and application instructions for detailed information regarding the following application deadlines.</p><ul><li><p>CDFI Certification Applications must be submitted through AMIS by 11:59 p.m. EST on December 3, 2018. </p></li><li><p>Qualified Issuer Applications must be submitted through AMIS by 11:59 p.m. EST on February 19, 2019.</p></li><li><p>Guarantee Applications must be submitted through AMIS by 11:59 p.m. EST on February 26, 2019.</p></li><li><p>The last day the CDFI Fund will accept questions regarding the FY 2019 application period for the CDFI Bond Guarantee Program is February 12, 2019, at 11:59 p.m. EST. All questions must be submitted electronically to the program office at bgp@cdfi.treas.gov.</p></li></ul><p>
<b>Reminder about Conference Calls</b></p><p>To provide a forum for applicants of the CDFI Bond Guarantee Program to ask questions, the CDFI Fund will conduct two one-hour conference calls in December. The calls are not application workshops or trainings, and no presentations will be given during the calls; only questions from potential applicants will be addressed. Advance registration is not required to attend.</p><p>
<i>Dates and Times:</i><br> Tuesday, December 11, 2018 from 3:00 to 4:00 p.m. EST<br> Thursday, December 13, 2018 from 10:00 to 11:00 a.m. EST</p><p>
<i>Call-In Number:</i><br> 1-866-556-1099</p><p><i>Participant Passcode:</i><br> 2598147</p><p>The call-in phone number and passcode are the same for both conference calls.</p><p>
<b>Questions</b></p><p>For more information about the CDFI Bond Guarantee Program, please visit www.cdfifund.gov/bond, or email the CDFI Fund’s Help Desk at <a href="mailto:bgp@cdfi.treas.gov">bgp@cdfi.treas.gov</a>. </p> | 2018-11-19T05:00:00Z | Updates | 330 | | |
| Annual CIIS Public Data Release on CDFI Program Recipient Reporting | | https://www.cdfifund.gov/Lists/CDFI News/AllItems.aspx | https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=329 | Annual CIIS Public Data Release on CDFI Program Recipient Reporting | <p>The Community Development Financial Institutions Fund (CDFI Fund) released today an additional year of data provided by Community Development Financial Institutions (CDFIs) through its data collection system, known as the Community Investment Impact System (CIIS) , representing 14 years of data. The data collected covers fiscal years (FYs) 2003 through 2016. </p><p>The release contains Institution Level Report (ILR) data on 855 CDFIs that have reported to CIIS. In general, these CDFIs have provided information on their operation, financial status, and impact in their communities. A previous data release in 2017 consisted of ILR data on 823 CDFIs that had reported to CIIS from FYs 2003 through 2015.</p><p>Additionally, the CDFI Fund released Transaction Level Report (TLR) data to the public detailing how CDFIs provide loans and investments in low-income communities. The data file includes the features and location of over 500,000 individual loans and investments totaling more than $39 billion made by 461 CDFIs. A previous data release in 2017 consisted of TLR data on 433 CDFIs that had reported to CIIS from FY 2003 through 2015.</p><p><b>Data Background</b></p><p>As part of compliance requirements, award recipients under the Community Development Financial Institutions Program (CDFI Program) are required to submit information through CIIS within six months after the close of their fiscal year. This includes the Institution Level Report (ILR) and the Transaction Level Report (TLR). The ILR release includes a total of 203 variables and 4,115 observations describing CDFIs’ profiles such as the ethnic and geographic areas that a CDFI had served, staffing levels, financial status, and services and training provided. </p><p>The TLR release includes a total of 50 variables and 513,705 observations detailing CDFIs’ financing activities in an area, including loan or investment structure and location. Documentation of the data is provided in several reports detailing the CIIS CDFI Program data. All ILR and TLR data released to the public are masked to protect the identity of individual CDFIs.</p><p><b>2018 CDFI Program CIIS Data Release (Data Reported Through FY 2016):</b></p><ul><li><p><a href="/Documents/CDFI%20Performance%20Data-10-15-18%20FINAL%20508%20compliant.pdf" target="_blank">2018 CDFI Program and NACA Program Data Release Snapshot Presentation</a></p></li><li><p><a href="/Documents/FY%202016%20Data,%20Documentation,%20Instructions.zip" target="_blank">2018 CDFI Program and NACA Program Data Release Data, Documentation and Instructions (.zip)</a></p></li><p> </p></ul> | 2018-11-08T05:00:00Z | Updates | 329 | | |
