| Important Reminders for FY 2018 Capital Magnet Fund Applicants | | https://www.cdfifund.gov/Lists/CDFI News/AllItems.aspx | https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=317 | Important Reminders for FY 2018 Capital Magnet Fund Applicants | <p>As a reminder for prospective fiscal year (FY) 2018 Capital Magnet Fund applicants, the deadline for online submission of the SF-424 through Grants.gov for the FY 2018 Capital Magnet Fund round is <strong>August 20, 2018</strong>, at 11:59 p.m. Eastern Time (ET). The deadline for creating an organizational account in the CDFI Fund’s Awards Management Information System (AMIS) is <strong>August 27, 2018</strong>, at 11:59 p.m. ET. The deadline for online submission of the application and required materials through AMIS is <strong>September 17, 2018</strong>, by 5:00 p.m. ET. </p><p>Applicants should keep in mind that the CDFI Fund does not administer Grants.gov, and that they are responsible for confirming with Grants.gov that their SF-424 was successfully submitted and validated by Grants.gov. An organization that does not meet the SF-424 deadline will be unable to submit an application through AMIS and will be deemed ineligible. For more details, please see Section IV of the <a href="/Documents/CMF%202018%20Federal%20Register.pdf" target="_blank">FY 2018 Capital Magnet Fund Notice of Funds Availability</a>. </p><p><b>New Application Resources</b></p><p>The CDFI Fund has posted recordings of the webinars it provided for prospective FY 2018 applicants on its <a href="/programs-training/Programs/cmf/Pages/apply-step.aspx" target="_blank">website</a>. These recordings include:</p><ul><li><p>Application Webinar for Financing Entities from July 31, 2018</p></li><li><p>Application Webinar for Affordable Housing Developers/Managers from August 2, 2018</p></li><li><p>AMIS Application Demonstration for All Applicants from August 8, 2018</p></li></ul><p><b>Contact the CDFI Fund</b></p><p>The CDFI Fund will be answering questions about the FY 2018 application via its Help Desk until 5:00 p.m. ET on<strong> September 13, 2018</strong>. Contact the Help Desk via a Service Request in AMIS; by e-mail to <a href="mailto:cmf@cdfi.treas.gov" target="_blank">cmf@cdfi.treas.gov</a> or by phone to (202) 653-0421 (please note this is not a toll free number). </p><p>To learn more about the CDFI Fund and its programs, please visit <a href="http://www.cdfifund.gov/" target="_blank">www.cdfifund.gov</a>. </p>
| 2018-08-14T04:00:00Z | Updates | 317 | | |
| CDFI Fund Releases Application Demand for 2018 Round of NMTC Program | | https://www.cdfifund.gov/Lists/CDFI News/AllItems.aspx | https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=315 | CDFI Fund Releases Application Demand for 2018 Round of NMTC Program | <p>The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that it received a total of 214 applications under the 2018 round of the New Markets Tax Credit Program (NMTC Program). The NMTC Program advances economic development in economically distressed communities by making tax credit allocations available to Community Development Entities (CDEs) for targeted investments in eligible areas. </p><p>The CDEs that applied under the 2018 round are headquartered in 43 states, the District of Columbia, and Puerto Rico. These applicants requested an aggregate total of $14.8 billion in NMTC allocation authority, over four times the $3.5 billion in authority available for the 2018 round. </p><p>The NMTC Program was established by Congress in December of 2000 and permits individual and corporate taxpayers to receive a credit against federal income taxes for making qualified equity investments in CDEs. The credit provided to the investor totals 39 percent of the cost of the investment and is claimed over a seven-year period. Substantially all of the taxpayer's investment must be used by the CDE to make qualified investments in low-income communities. Successful applicants are selected only after a competitive application and rigorous review process that is administered by the CDFI Fund. </p><p>Through the first fourteen rounds of the NMTC Program, the CDFI Fund has made 1,105 awards totaling $54 billion in tax credit allocation authority. This $54 billion includes $3 billion in Recovery Act Awards and $1 billion of special allocation authority to be used for the recovery and redevelopment of the Gulf Opportunity Zone. </p><p>For more information about the NMTC Program, visit the CDFI Fund’s website at <a href="http://www.cdfifund.gov/nmtc" target="_blank">www.cdfifund.gov/nmtc</a>. </p>
| 2018-08-08T04:00:00Z | Updates | 315 | | |
| Update for FY 2018 Round BEA Program Applicants: Electronic Application Now Available | | https://www.cdfifund.gov/Lists/CDFI News/AllItems.aspx | https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=313 | Update for FY 2018 Round BEA Program Applicants: Electronic Application Now Available | <p>The electronic application for the fiscal year (FY) 2018 round of the Bank Enterprise Award Program (BEA Program) is now available in the Community Development Financial Institutions Fund’s (CDFI Fund’s) Awards Management Information System (AMIS). </p><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 applicants are encouraged to begin the registration process now. Recent procedural changes to SAM.gov mean that the registration process may take much longer than in previous years for both new applicants and repeat applicants that need to renew their SAM.gov accounts.</p><p>Registration guidance for Grants.gov and SAM.gov can be found on the websites for those systems. Guidance on using AMIS (including registration) can be found at <a href="https://amis.cdfifund.gov/">https://amis.cdfifund.gov/</a>. The CDFI Fund has also outlined basic steps about the registration process on its website.</p><p>The CDFI Fund strongly recommends that instructions and application timelines be reviewed closely by both first-time and repeat applicants. The BEA Program Application Package consists of two parts and is submitted in two separate systems. Applicants should allow adequate time to submit both parts of the BEA Program Application Package in Grants.gov and AMIS. To assist potential applicants with the FY 2018 BEA Program, the CDFI Fund has provided on its website all application-related materials, including the following documents: </p><ul><li><p><a href="/Documents/FY%202018%20BEA%20NOFA%20(508%20not%20needed).pdf" target="_blank">FY 2018 Notice of Funds Availability (NOFA)</a></p></li><li><p><a href="/Documents/FY%202018%20BEA%20Application%20Instructions.pdf" target="_blank">Application Instructions</a></p></li><li><p><a href="/Documents/FY%202018%20BEA%20Program-Supplemental%20Guidance.pdf" target="_blank">Supplemental Guidance and FAQs</a></p></li></ul><p>These documents can also be found on the BEA Program webpage (<a href="http://www.cdfifund.gov/bea" target="_blank">www.cdfifund.gov/bea</a>) under the ‘How To Apply’ section by clicking on <a href="/programs-training/Programs/bank_enterprise_award/Pages/apply-step.aspx#step1" target="_blank">Step 1: Apply</a>.</p><p>
<b>Reminder about Deadlines</b></p><p>Please reference the <a href="/Documents/FY%202018%20BEA%20NOFA%20(508%20not%20needed).pdf" target="_blank">FY 2018 NOFA</a> 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. Eastern Time (ET) on August 23, 2018.</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. ET on September 20, 2018.
</p></li></ul><p>
<b>Webinars</b></p><p>The CDFI Fund has recorded a webinar to demonstrate the electronic application submission process in AMIS and has a comprehensive instruction manual to guide applicants through the technical aspects of using AMIS to complete their electronic applications. Links to the <a href="https://www.youtube.com/watch?v=fikibELVBSY&t=5s">pre-recorded AMIS webinar</a> and the “AMIS Training Manual for FY 2018 BEA Program Applicants” are also available on the BEA Program webpage (<a href="http://www.cdfifund.gov/bea" target="_blank">www.cdfifund.gov/bea</a>) under the ‘How To Apply’ section by clicking on <a href="/programs-training/Programs/bank_enterprise_award/Pages/apply-step.aspx#step1">Step 1: Apply</a>.</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 AMIS Service Request. For the Service Request, select “BEA Application” for the record type. The CDFI Fund will not answer questions about the FY 2018 round after 5:00 p.m. ET on September 18, 2018.</p> | 2018-08-07T04:00:00Z | Updates | 313 | | |
