| Updated CDFI Program Investment Areas and Target Markets Based on 2011-2015 American Community Survey Census Data | | https://www.cdfifund.gov/Lists/CDFI News/AllItems.aspx | https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=325 | Updated CDFI Program Investment Areas and Target Markets Based on 2011-2015 American Community Survey Census Data | <p>The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has released updated Investment Areas for the Community Development Financial Institutions Program (CDFI Program). Investment Areas have been revised using the U.S. Census Bureau’s 2011-2015 American Community Survey (ACS) to provide more current socioeconomic and demographic data that reflect changes since the 2006-2010 ACS CDFI Investment Area data was posted.</p><p>The CDFI Fund is renewing the Investment Area data as part of a larger effort to ensure that the data used to determine the eligibility for CDFI Fund programs is current. The CDFI Fund revises program eligibility criteria to coincide with each subsequent full five-year ACS data release. </p><p>There will be a one-year transition period for the updated Investment Area data. New applicants for CDFI certification and those CDFIs reaffirming their Target Markets for the Annual Certification and Data Collection Report (ACR) may use either the 2006-2010 ACS data or 2011-2015 ACS data to identify their Investment Areas and Target Markets until October 1, 2019. After that date, CDFIs must use the 2011-2015 ACS data to identify their Investment Areas and Target Markets. Both sets of Investment Area data for identifying Target Markets are available in the CDFI Fund’s <a href="/Pages/mapping-system.aspx">Community Investment Mapping System (CIMS)</a>. </p><p>To assist CDFIs in this transition, the CDFI Fund has provided an FAQ document that contains information on the updated 2011-2015 ACS data for Investment Areas and Target Markets, as well as an Excel file containing a list of eligible CDFI Investment Area census tracts based on both the 2006-2010 and 2011-2015 ACS. The documents may be found on the CDFI Fund’s website at <a href="http://www.cdfifund.gov/research">www.cdfifund.gov/research</a>, under Program Eligibility Guidance. </p><p><b>Related Documents</b></p><ul><li><p><a href="/Documents/CDFI%20Investment%20Areas%20potential%20FAQs%20FINAL%20100118.pdf" target="_blank">CDFI Investment Area Transition FAQs</a></p></li><li><p><a href="/Documents/CDFI%20Investment%20Areas%20ACS%202011-2015.xlsb" target="_blank">Investment Area Eligibility ACS Data</a></p></li></ul>
| 2018-10-01T04:00:00Z | Updates | 325 | | |
| CDFI Fund Improves CDE Certification Application Process | | https://www.cdfifund.gov/Lists/CDFI News/AllItems.aspx | https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=323 | CDFI Fund Improves CDE Certification Application Process | <p>Continuing the modernization of its processes and systems, the Community Development Financial Institutions Fund (CDFI Fund) has improved the Community Development Entity (CDE) Certification Application in its Awards Management Information System (AMIS). The updated application is available now.</p><p>The new user-friendly format of the application in AMIS will provide for ease of completion and submission. Applicants should note that CDE certification criteria and questions are unmodified from the previous application form. </p><p>The CDFI Fund has prepared guidance to help applicants become familiar with the application and guide them through the technical aspects of completion and submission in AMIS. Updated application guidance and a pre-recorded webinar are available on the <a href="/cde" target="_blank">CDE Certification webpage</a> under the ‘How to Apply’ section by clicking on <a href="/programs-training/certification/cde/Pages/apply-step.aspx#step1" target="_blank">Step 1: Apply</a>.</p><p>Any questions regarding CDE Certification should be directed to the Certification and Compliance Help Desk at <a href="mailto:ccme@cdfi.treas.gov" target="_blank">ccme@cdfi.treas.gov</a> or at (202) 653-0423.</p><p>Questions related to the AMIS system can be directed to the Information Technology Support Help Desk through: an AMIS service request; email at <a href="mailto:AMIS@cdfi.treas.gov" target="_blank">AMIS@cdfi.treas.gov</a>; or phone at (202) 653-0422.</p>
| 2018-09-21T04:00:00Z | Updates | 323 | | |
| U.S. Treasury Awards $202.2 Million to Support Economic Growth in Low-Income Communities | | https://www.cdfifund.gov/Lists/CDFI News/AllItems.aspx | https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=321 | U.S. Treasury Awards $202.2 Million to Support Economic Growth in Low-Income Communities | <p>
<i>Funds to Support Community Development Investments in Distressed Rural, Urban, and Native Communities</i></p><p>
<b>Washington -</b> The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 302 Community Development Financial Institutions (CDFIs) $202.2 million in awards today. The awards, through the fiscal year (FY) 2018 round of the Community Development Financial Institutions Program (CDFI Program) and the Native American CDFI Assistance Program (NACA Program), will enable CDFIs to increase lending and investment activity in low-income and economically distressed communities across the nation. One-third of the awardees have committed to specifically serving Persistent Poverty Counties.</p><p>“The FY 2018 CDFI Program and NACA Program awardees will provide vital financial services and lending to low-income communities nationwide,” said CDFI Fund Director Annie Donovan. “The awards will also benefit Native Communities, areas of persistent poverty, and individuals with disabilities.” </p><p>For the FY 2018 CDFI Program round, the CDFI Fund awarded $165 million in Financial Assistance and Technical Assistance to 264 organizations in 45 states, the District of Columbia, and Puerto Rico. The CDFI Program invests in and builds the capacity of CDFIs to serve low-income people and communities lacking adequate access to affordable financial products and services. In addition, the CDFI Fund awarded $22 million to 14 CDFIs through the Healthy Food Financing Initiative Financial Assistance awards (HFFI-FA), a supplemental program designed to encourage investments in businesses that provide healthy food options for communities. The CDFI Fund also awarded $5 million to 15 CDFIs through the Disability Funds Financial Assistance awards (DF-FA), a supplemental program designed to help CDFIs finance projects and services that will assist individuals with disabilities. </p><p>For the FY 2018 round, the CDFI Fund received applications from 432 organizations requesting $334.9 million through the CDFI Program Financial Assistance and Technical Assistance awards, $75.3 million through the Healthy Food Financing Initiative, $45.4 million to serve Persistent Poverty Counties, and $15.2 million in Disability Funds Financial Assistance. </p><p>The CDFI Fund also awarded $15.1 million in FY 2018 NACA Program Financial Assistance and Technical Assistance to 38 organizations in 16 states. The program facilitates the creation and advancement of Native CDFIs. Organizations funded through the NACA Program serve a wide range of Native American, Alaska Native, and Native Hawaiian communities, and reflect a diversity of institutions in various stages of development, including: organizations in the early planning stages of CDFI formation; tribal entities working to certify an existing lending program; and established Native CDFIs in need of further capacity building assistance. The CDFI Fund received 53 applications requesting $33.7 million for the FY 2018 round. </p><p>View more information about the FY 2018 CDFI Program and NACA Program awardees below. </p><p>
<b>2018 CDFI Program and NACA Program Award Resources </b></p><ul><li><p>
<a href="/Documents/Final%202018%20CDFI%20Award%20Book%20091418.pdf" target="_blank">FY 2018 CDFI Program Award Book</a> </p></li><li><p>
<a href="/Documents/Final%202018%20NACA%20Award%20Book%20091418.pdf" target="_blank">FY 2018 NACA Program Award Book </a></p></li><li><p>
<a href="/Documents/FA%20Application%20Evaluation%20Process_announcement.pdf" target="_blank">CDFI Program and NACA Program Financial Assistance Application Evaluation Process </a></p></li><li><p>
<a href="/Documents/TA%20Application%20Evaluation%20Process_announcement.pdf" target="_blank">CDFI Program and NACA Program Technical Assistance Application Evaluation Process</a></p></li></ul><p>
<b>About the CDFI Fund </b></p><p>Since its creation in 1994, the CDFI Fund has awarded more than $3 billion to CDFIs, community development organizations, and financial institutions through: the BEA Program; the Capital Magnet Fund, the Community Development Financial Institutions Program, including the Healthy Food Financing Initiative; the Financial Education and Counseling Pilot Program; and the Native American CDFI Assistance Program. In addition, the CDFI Fund has allocated $54 billion in tax credit allocation authority to Community Development Entities through the New Markets Tax Credit Program, and closed guaranteed bonds in the amount of $1.36 billion through the CDFI Bond Guarantee Program. </p><p>To learn more about the CDFI Fund and its programs, please visit the CDFI Fund’s website at
<a href="http://www.cdfifund.gov/" target="_blank">www.cdfifund.gov</a>. </p> | 2018-09-19T04:00:00Z | Press Releases | 321 | | |
