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CDFI Fund Opens FY 2017 Funding Round for CDFI Program and NACA Programhttps://www.cdfifund.gov/Lists/CDFI News/AllItems.aspxhttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=249CDFI Fund Opens FY 2017 Funding Round for CDFI Program and NACA Program<p>Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2017 funding round for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program). </p><p>The CDFI Fund plans to award $190.5 million in FY 2017 in Financial Assistance (FA) and Technical Assistance (TA) awards (subject to Congressional authority) to be divided as follows: $153 million for CDFI Program awards; $22 million for Healthy Food Financing Initiative Financial Assistance (HFFI-FA) awards; and $15.5 million for NACA Program awards. The awards will support Community Development Financial Institutions (CDFIs) providing affordable financing and related services to low-income communities and populations that lack access to credit, capital, and financial services. </p><p> <b>CDFI Program Overview </b></p><p>Through the CDFI Program, the CDFI Fund invests in and builds the capacity of CDFIs to serve low-income people and communities lacking adequate access to affordable financial products and services. The CDFI Fund invests in certified CDFIs by providing FA awards to applicants that have demonstrated the financial and managerial capacity to deliver financial products and services to a low-income target market and to leverage additional resources effectively. Through TA awards, the CDFI Fund enables certified CDFIs and emerging entities working toward CDFI certification to build their capacity as lending institutions. For additional details about eligibility, application requirements, and available funding under the CDFI Program, please view the CDFI Program Notice of Funding Availability (NOFA).</p><p> <b>NACA Program Overview </b></p><p>Through the NACA Program, the CDFI Fund encourages the creation and strengthening of CDFIs that primarily serve Native American, Alaska Native, and Native Hawaiian communities (Native Communities). Organizations funded serve a wide range of Native Communities, and reflect a diversity of institutions in various stages of development – from organizations in the early planning stages of creating a CDFI, to tribal entities working to certify an existing lending program, to established CDFIs in need of further assistance. The CDFI Fund makes both FA and TA awards under the NACA Program. For additional details about eligibility, application requirements, and available funding under the NACA Program, please view the NACA Program NOFA.</p><p> <b>Healthy Food Financing Initiative-Financial Assistance Overview </b></p><p>In FY 2017, HFFI-FA will serve as a supplemental funding opportunity under the CDFI Program and NACA Program for eligible CDFIs and Native CDFIs that express an interest in expanding their healthy food-focused financing activities and are selected to receive FA awards under the FY 2017 rounds of the CDFI Program or NACA Program. For additional details about eligibility, application requirements, and available funding under the HFFI-FA program, please view the CDFI Program and/or NACA Program NOFAs.</p><p> <b>Deadlines </b></p><ul><li><p>The deadline for submission of the SF-424 is <b>Friday, March 24, 2017</b> at 11:59 pm Eastern Time (ET). All Applicants must submit their SF-424s electronically through Grants.gov.</p></li><li><p>The deadline for submission of the CDFI Program and NACA Program applications in AMIS is <b>Friday, April 28, 2017</b> at 11:59 pm ET. </p><p>The CDFI Fund strongly encourages all materials to be submitted at least three days before each corresponding deadline (Grants.gov and AMIS).</p></li><li><p>The last day the CDFI Fund will be answering questions about the FY 2017 application round is <b>Wednesday, April 26, 2017</b> at 5:00 pm ET. </p></li></ul><p>Please see the applicable NOFAs for more information on submitting the CDFI Program and NACA Program applications. </p><p> <b>Application Materials </b></p><p>Reference copies of the NOFAs and all application materials can be found on the CDFI Fund’s website at: </p><ul><li><p>CDFI Program: <a href="http://www.cdfifund.gov/cdfi" target="_blank">www.cdfifund.gov/cdfi</a>, under Step 2: Apply </p></li><li><p>NACA Program: <a href="http://www.cdfifund.gov/native" target="_blank">www.cdfifund.gov/native</a>, under Step 2: Apply </p></li></ul><p>The CDFI Fund will be adding guidance materials on a rolling basis to the website. Applicants are strongly encouraged to read and view all application materials, including the NOFA, application guidance, webinars, and presentations. </p><p> <b>Required Application Systems</b></p><ul><li><p> <strong>AMIS</strong>: The CDFI Fund’s Awards Management Information System (AMIS) is a system developed to serve as a modern platform to eventually support all CDFI Fund programs through each phase of the programs’ life cycle.</p><p>All Applicants must use AMIS to create, complete, and submit applications materials for the CDFI Program and NACA Program. Please see the NOFAs for more information on submitting the CDFI Program and NACA Program applications.</p><p>Please note that as of February 23, 2017, the Application in AMIS is not yet available. Once the Application is available in AMIS, Applicants will be updated and additional guidance will be provided on the CDFI Fund’s website. </p></li><li><p> <strong>Grants.gov</strong>: In addition to the application materials submitted through AMIS, all Applicants are required to submit a SF-424 electronically through Grants.gov. The SF-424 can be found in Grants.gov under the funding opportunity number for each program. </p><p>Applicants that do not submit an SF-424 electronically through Grants.gov by the stated deadline will not be eligible to submit application materials in AMIS.</p></li><li><p> <strong>SAM.gov</strong>: In order to submit the necessary SF-424 form via Grants.gov, Applicants must have an active System for Awards Management (SAM) account. Each Applicant is advised to first make sure its SAM.gov account is active and valid before beginning its preparation of the other Application materials in Grants.gov or AMIS. Applicants should allow ample time to complete the entire registration and submission process well in advance of the application deadline. The SAM.gov website is www.SAM.gov. </p></li></ul><p>All applicants must be registered in SAM.gov, Grants.gov, and AMIS to apply for funding. Organizations should confirm that their accounts are up-to-date as soon as possible in order to avoid potential application submission problems. New potential applicants are encouraged to begin the registration process for each of the systems now and will find registration guidance on each website. </p><p> <b>Learn About Applying to the CDFI and NACA Programs </b></p><p>The CDFI Fund is providing the following opportunities to learn more about the FY 2017 CDFI Program and NACA Program funding round:</p><ol><li><p> <b>In-Person Application Workshops:</b> CDFI Fund staff will conduct six in-person FY 2017 CDFI Program and NACA Program Application Workshops in Washington, DC. Due to security requirements at the federal facility where the workshops will be held, anyone wishing to attend the in-person application workshops must register through the online registration system link provided below. Individuals who do not register before the applicable registration deadlines may not be admitted. In addition, the CDFI Fund will hold a NACA Program-specific workshop in Las Vegas, Nevada on March 13, 2017. More information about this additional training opportunity is forthcoming. View all information about the workshops, including registration information, on the Application Materials section of the CDFI Program and NACA Program webpages.</p></li><li><p> <b>Q&A Webinars:</b> The CDFI Fund is conducting three targeted live webinars to provide a forum to answer applicant questions about the FY 2017 CDFI Program and NACA Program applications. Please view the Application Materials section of the CDFI Program and NACA Program webpages for the dates, times, and access information for each webinar. </p></li></ol><p> <b>Additional Guidance Materials</b></p><p>In the coming weeks, the CDFI Fund will continue to update the Application Materials section of the CDFI Program and NACA Program webpages with additional guidance materials and presentations. More information, including pre-recorded webcasts, will also be released when AMIS is available for application submission. Keep an eye on the CDFI Fund’s website for updates. </p><p> <b>Questions </b></p><p>For more information on the CDFI Program, the NACA Program, the Q&A webinars, or the application workshops, please contact the CDFI Fund’s Help Desk by e-mailing <a href="mailto:cdfihelp@cdfi.treas.gov" target="_blank">cdfihelp@cdfi.treas.gov</a> or by calling (202) 653-0421 (option 1). </p>2017-02-23T05:00:00ZUpdates249
CDFI Fund Opens FY 2016 Funding Round of BEA Program https://www.cdfifund.gov/Lists/CDFI News/AllItems.aspxhttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=248CDFI Fund Opens FY 2016 Funding Round of BEA Program <p>Today the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2016 application round for the Bank Enterprise Award Program (BEA Program). Application materials are now available on the BEA Program page of the CDFI Fund’s website in anticipation of the February 24, 2017 publication of the FY 2016 Notice of Funds Availability (NOFA) in the Federal Register. The FY 2016 NOFA makes up to $19 million available in awards to eligible Federal Deposit Insurance Corporation (FDIC)-insured banks. </p><p>Through the BEA Program, the CDFI Fund provides monetary awards to FDIC-insured depository institutions that successfully demonstrate an increase in their investments in Community Development Financial Institutions (CDFIs) or in their own lending, investing, or service activities in distressed communities. Distressed communities are defined as those where at least 30 percent of residents have incomes that are less than the national poverty level and where the unemployment rate is at least 1.5 times the national unemployment rate. </p><p> <b>BEA Program Overview </b></p><p>The BEA Program provides formula-based grants to applicants for increasing Qualified Activities from a Baseline Period to a later Assessment Period. There are three categories of Qualified Activities: </p><ul><li><p> <i>CDFI Related Activities:</i> Equity Investments, Grants, Equity-Like Loans, Loans, Deposits, and/or Technical Assistance provided to certified CDFIs. </p></li><li><p> <i>Distressed Community Financing Activities:</i> Direct lending or investment in the form of Affordable Home Loans, Affordable Housing Development Loans or Investments, Home Improvement Loans, Education Loans, Small Business Loans or Investments, Small Dollar Consumer Loans, or Commercial Real Estate Development Loans or Investments provided to residents or businesses located in distressed communities.</p></li><li><p> <i>Service Activities:</i> Financial products and services, such as Checking Accounts, Savings Accounts, Check Cashing, Financial Counseling, Individual Development Accounts, or Youth Savings Accounts provided to residents of distressed communities. </p></li></ul><p>Full definitions of the Qualified Activities may be found in the BEA Program Regulations (Interim Rule) including information on two new sub-categories within the Distressed Community Financing Activities category. In addition, the CDFI Fund has increased the per unit value of certain Targeted Financial Services in the Service Activities category. The CDFI Fund has also made one significant update to the process for Reporting Qualified Activities in the FY 2016 BEA Application. FY 2016 Applicants are now required to complete Table 5 – Reporting BEA Qualified Activities – and report total Baseline Period and Assessment Period Amounts for every activity type within the category or subcategory for which a BEA Program Award is being sought. This includes individual activity types that an Applicant is not able to demonstrate an increase in and not seeking a BEA Program Award for. Finally, Applicants should note that Table 7: Estimated BEA Program Award Calculation is based on the actual transactions submitted for any individual activity an Applicant is able to demonstrate an increase in from the Baseline Period to the Assessment Period.</p><p> <b>Deadlines </b></p><p>Please reference the NOFA and application instructions for detailed information regarding the following application deadlines: </p><ul><li><p>Part I of the application must be submitted through Grants.gov by 11:59 p.m. EST on <b>April 5, 2017. </b></p></li><li><p>Part II of the application must be submitted through the CDFI Fund’s Award Management Information System, or AMIS, by 5:00 p.m. EST on <b>April 19, 2017. </b></p></li></ul><p> <b>Application Materials </b></p><p>In addition to being available through Grants.gov, the FY 2016 NOFA and a paper version of the application and instructions are available on the CDFI Fund's website, <a href="http://www.cdfifund.gov/bea" target="_blank">www.cdfifund.gov/bea</a>.   The electronic version of the application in AMIS will be released in approximately two weeks.</p><p> <b>Webinars </b></p><p>The CDFI Fund will be conducting two webinars to discuss the FY 2016 BEA Program funding round. These webinars will also include question and answer sessions. Full information can be found in the <a href="/Documents/2016%20BEA%20Webinar%20Table%20V1%20-%20FINAL.pdf">FY 2016 BEA Program Application Webinar Table</a>. </p><p>For those unable to participate in the webinars, the presentation materials will be posted on the CDFI Fund’s website subsequent to the webinar dates. </p><p> <b>Questions </b></p><p>For more information on the BEA Program, please visit the BEA webpage of the CDFI Fund’s website: <a href="http://www.cdfifund.gov/bea" target="_blank">www.cdfifund.gov/bea</a>. For questions regarding the BEA Program, please contact the CDFI Fund Help Desk at (202) 653-0421 or via email <a href="mailto:cdfihelp@cdfi.treas.gov" target="_blank">cdfihelp@cdfi.treas.gov</a>.  The CDFI Fund will not answer questions about the FY 2016 round after 5:00 p.m. EST on <b>April 17, 2017.</b></p>2017-02-22T05:00:00ZUpdates248
Registration Open for FY 2017 CDFI Program and NACA Program In-Person Application Workshopshttps://www.cdfifund.gov/Lists/CDFI News/AllItems.aspxhttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=247Registration Open for FY 2017 CDFI Program and NACA Program In-Person Application Workshops<p>​​Registration is now open to attend in-person application workshops for the fiscal year (FY) 2017 application round of the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program). </p><p>The Community Development Financial Institutions Fund (CDFI Fund) is still tentatively planning to open the FY 2017 application round for the CDFI Program and NACA Program in mid-to-late February, 2017. The below registration information is for in-person application workshops to be held in Washington, DC on February 27 and March 1, 2017. </p><p>Please note that the CDFI Fund is also scheduling a series of webinars to provide guidance to applicants unable to attend the in-person workshops. In addition, the CDFI Fund is tentatively planning a NACA Program-specific workshop to be held in Nevada in March 2017. More information about these additional training opportunities will be provided after the Notice of Funding Availability (NOFA) is released.</p><p><b>Registration for FY 2017 CDFI Program and NACA Program Washington, DC Workshops </b></p><p>The CDFI Fund will provide FY 2017 CDFI Program and NACA Program Application Workshops at its offices in Washington, DC on February 27, 2017, and March 1, 2017. The schedule for the Washington, DC trainings is below:</p><ul><li><p>February 27, 2017, 9:00 a.m. – 12:00 p.m. ET: Financial Assistance Workshop </p></li><li><p>February 27, 2017, 9:00 a.m. – 12:00 p.m. ET: Technical Assistance Workshop</p></li><li><p>February 27, 2017, 2:00 p.m. – 5:00 p.m. ET: Financial Assistance Workshop</p></li><li><p>February 27, 2017, 2:00 p.m. – 5:00 p.m. ET: Technical Assistance Workshop</p></li><li><p>March 1, 2017, 2:00 p.m. – 5:00 p.m. ET: Financial Assistance Workshop</p></li><li><p>March 1, 2017, 2:00 p.m. – 5:00 p.m. ET: Technical Assistance Workshop</p></li></ul><p><i>*The CDFI Fund may combine the Financial Assistance and Technical Assistance workshops if attendance does not support separate sessions.</i></p><p>Advance registration is required to attend one of the workshops. Due to security requirements at the federal facility where the workshops will be held, anyone wishing to attend the in-person application workshops must register through the online registration system link provided below. Individuals who do not register before the applicable registration deadlines, and thus do not appear on the registration list for the facility, will not be admitted.</p><p><a href="http://www.cvent.com/d/5vqhnq" target="_blank">View the registration page for the application workshops and registration deadlines here.</a></p><p>To learn more about the CDFI Program and NACA Program, visit <a href="http://www.cdfifund.gov/cdfi" target="_blank">www.cdfifund.gov/cdfi</a> and <a href="http://www.cdfifund.gov/native" target="_blank">www.cdfifund.gov/native</a>. Any questions can be directed to the Help Desk at <a href="mailto:cdfihelp@cdfi.treas.gov" target="_blank">cdfihelp@cdfi.treas.gov</a> or by calling (202) 653-0421.</p> 2017-02-10T05:00:00ZUpdates247

 Upcoming Events

 

 

CDFI Certification Conference Callhttps://www.cdfifund.gov/Lists/CDFI Events/DispForm.aspx?ID=41CDFI Certification Conference Call2017-02-16T20:00:00Z2017-02-16T21:00:00ZConference Call0x01020041E1D5678A3CED4385147CFE255D181700355905A9067BF24DA9A2A59A2925ED6641
CDFI Bond Guarantee Program In-Person Application Workshophttps://www.cdfifund.gov/Lists/CDFI Events/DispForm.aspx?ID=84CDFI Bond Guarantee Program In-Person Application Workshop2017-02-22T14:00:00Z2017-02-23T21:00:00ZWashington, DC0x01020041E1D5678A3CED4385147CFE255D181700355905A9067BF24DA9A2A59A2925ED6684
CDFI Program and NACA Program In-Person Application Workshopshttps://www.cdfifund.gov/Lists/CDFI Events/DispForm.aspx?ID=85CDFI Program and NACA Program In-Person Application Workshops2017-02-27T14:00:00Z2017-03-01T22:00:00ZWashington, DC0x01020041E1D5678A3CED4385147CFE255D181700355905A9067BF24DA9A2A59A2925ED6685

 Message from the Director

 

 

CDFI Fund Releases FY 2016 Year in Reviewhttps://www.cdfifund.gov/Lists/CDFI Director Message/AllItems.aspxhttps://www.cdfifund.gov/Lists/CDFI Director Message/DispForm.aspx?ID=24CDFI Fund Releases FY 2016 Year in ReviewI am pleased to present to you the Community Development Financial Institutions Fund’s (CDFI Fund) fiscal year (FY) 2016 Year in Review. As you will see in the following pages, the CDFI Fund made measurable progress toward expanding economic opportunity and growth in distressed communities.2017-02-07T05:00:00Z0x0100178F0095A2AE7A4FBED67E33256F670E09005004FBF960B69843845A526DE49ACC0224

Media ResourcesMembers of the media seeking information about the CDFI Fund including images, quotes, or interviews, should contact Bill Luecht at (202) 653-0300.

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 Publications

 

 

FY 2016 Agency Financial Reporthttps://www.cdfifund.gov/Documents/Forms/AllItems.aspx2016 Agency Financial Report (for web).pdfFY 2016 Agency Financial Report<img alt="FY 2016 AFR Cover Image" src="/SiteCollectionImages/PublicationImages/AFR%20cover%20image%202016.JPG" style="BORDER:0px solid;" />0x010100ED4B65E0AC657946A816EE9BBFD5AE1202007DB144602AC1DA428E702BE31425F1391422
Investing in Opportunity: FY 2016 CDFI Fund Year in Reviewhttps://www.cdfifund.gov/Documents/Forms/AllItems.aspxCDFI_7554_YearInReview_2016_FINAL_web 020617.pdfInvesting in Opportunity: FY 2016 CDFI Fund Year in Review<img alt="Cover of FY 2016 Year in Review" src="/SiteCollectionImages/PublicationImages/Final%202016%20YIR%20Cover%20highlight%20020617.JPG" style="BORDER:0px solid;" />0x010100ED4B65E0AC657946A816EE9BBFD5AE1202007DB144602AC1DA428E702BE31425F1391427

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 Speeches & Testimony

 

 

Keynote Address by Director Annie Donovan at the 2016 Opportunity Finance Networkhttps://www.cdfifund.gov/Lists/CDFI Speeches Testimony/AllItems.aspxhttps://www.cdfifund.gov/Lists/CDFI Speeches Testimony/DispForm.aspx?ID=48Keynote Address by Director Annie Donovan at the 2016 Opportunity Finance Network2016-10-26T04:00:00Z0x0100178F0095A2AE7A4FBED67E33256F670E0600A0AE5DBD132CE64193041DB75588FD6248
Keynote Address by Director Annie Donovan at the 2016 CDFI Coalition Institutehttps://www.cdfifund.gov/Lists/CDFI Speeches Testimony/AllItems.aspxhttps://www.cdfifund.gov/Lists/CDFI Speeches Testimony/DispForm.aspx?ID=47Keynote Address by Director Annie Donovan at the 2016 CDFI Coalition Institute2016-03-09T05:00:00Z0x0100178F0095A2AE7A4FBED67E33256F670E0600A0AE5DBD132CE64193041DB75588FD6247