CDFI News

 

 

CDFI Fund Releases Application Demand for FY 2017 Round of Capital Magnet Fundhttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=284CDFI Fund Releases Application Demand for FY 2017 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) 2017 round of its Capital Magnet Fund program. A total of 120 organizations headquartered in 38 states and the District of Columbia submitted eligible applications requesting nearly $540 million in funding. 54 percent of the applicants are certified Community Development Financial Institutions (CDFIs), and the remaining 46 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. $119.5 million is available for awards for the FY 2017 round.</p><p>The FY 2017 application period closed on August 31, 2017. The CDFI Fund currently expects to announce the awards in early 2018. For more information about the Capital Magnet Fund, visit the CDFI Fund’s website at <a href="/cmf">www.cdfifund.gov/cmf</a>.</p>2017-12-14T05:00:00ZUpdates284
FY 2018 CDFI Bond Guarantee Program Q&A Conference Calls: December 18 & 19, 2017https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=281FY 2018 CDFI Bond Guarantee Program Q&A Conference Calls: December 18 & 19, 2017<p>On November 1, 2017, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2018 application period for the CDFI Bond Guarantee Program. A total of up to $500 million in bond guarantee authority is available to eligible Community Development Financial Institutions (CDFIs) in FY 2018, pending Congressional authorization.</p><p>To provide a forum to applicants of the CDFI Bond Guarantee Program, the CDFI Fund will conduct two one-hour conference calls to answer questions about the application. The calls are not an application workshop or training and no presentation will be given during the calls; only questions from potential applicants will be addressed. </p><p> <b>Conference Call Details</b></p><p>Advance registration is not required to attend. </p><p>Dates and Times: <br> Monday, December 18, 2017 from 3:00 to 4:00 p.m. EST <br> Tuesday, December 19, 2017 from 10:00 to 11:00 a.m. EST</p><p>Call-In Number: 1-877-917-4912 </p><p>Participant Passcode: 4540093 </p><p>The call-in phone number and passcode are the same for both conference calls.</p><p> <b>Learn More</b></p><p>For more information about the CDFI Bond Guarantee Program, please visit www.cdfifund.gov/bond.</p><p>Also available on the CDFI Fund’s website are prerecorded presentations on the CDFI Bond Guarantee Program. These presentations can be found on the CDFI Bond Guarantee webpage at www.cdfifund.gov/bond under the How To Apply section by clicking Step 2: Apply.</p><p> <b>Questions</b></p><p>The last day the CDFI Fund will accept questions regarding the FY 2018 application period for the CDFI Bond Guarantee Program is January 16, 2018, at 11:59 p.m. EST. All questions must be submitted electronically to the program office at <a href="mailto:bgp@cdfi.treas.gov" target="_blank">bgp@cdfi.treas.gov</a>.  </p><p>Inquiries regarding legal documents related to the CDFI Bond Guarantee Program should be directed to the CDFI Fund’s Office of Legal Counsel via email at <a href="mailto:legal@cdfi.treas.gov" target="_blank">legal@cdfi.treas.gov</a>. </p>2017-12-12T05:00:00ZUpdates281
FY 2017 Round BEA Program Applicants: Application Submission Deadline Extended to December 14, 2017 https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=279FY 2017 Round BEA Program Applicants: Application Submission Deadline Extended to December 14, 2017 <p>On September 29, 2017, the Community Development Financial Institutions Fund (CDFI Fund) announced in a Notice of Funds Availability (NOFA) for the Bank Enterprise Award Program (BEA Program) that the deadline for submitting the FY 2017 BEA Program Application (Application) via the CDFI Fund’s Award Management Information System (AMIS) was 5:00 p.m. Eastern Time on November 30, 2017. </p><p>Due to technical issues many users have recently experienced with the CDFI Fund’s AMIS and CDFI Information Mapping System, the CDFI Fund is extending the Application deadline for all applicants who submitted a validated SF-424 Mandatory in Grants.gov by the November 16, 2017 deadline. The extended deadline for the Application submission via AMIS is now December 14, 2017, 5:00pm ET. Please note, this extension applies only to those applicants that have submitted a validated SF-424 Mandatory by the above referenced deadline. This notice does not extend or revise the SF-424 Mandatory submission deadline.</p><p>The last day to contact the BEA Program Office and Information Technology (IT) department is extended as follows: </p><ul><li><p><b>December 12, 2017 at 5:00 pm ET:</b> last day to contact BEA Program staff regarding BEA Program application materials. For more information, contact the CDFI Fund BEA Helpdesk at (202) 653-0421 or submit a BEA Award AMIS service request.</p></li><li><p><b>December 14, 2017 at 5:00 pm ET:</b> last day to contact the IT Helpdesk regarding AMIS support and submission of the FY 2017 BEA Program application in AMIS. For assistance, contact the CDFI Fund IT Helpdesk at (202) 653-0422 or submit an IT AMIS service request.</p></li></ul><p>All other information and requirements set forth in the September 29, 2017, NOFA shall remain effective as published. </p><p>For more information about the FY 2017 BEA Program Application and the Bank Enterprise Award Program, please visit <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 the Service Request feature in AMIS.</p>2017-11-27T05:00:00ZUpdates279
CDFI Fund Opens Application Period for FY 2018 CDFI Bond Guarantee Programhttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=277CDFI Fund Opens Application Period for FY 2018 CDFI Bond Guarantee Program<p>The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2018 application period for the CDFI Bond Guarantee Program. A total of up to $500 million in bond guarantee authority is available to eligible Community Development Financial Institutions (CDFIs) in FY 2018, pending Congressional authorization.</p><p>Through the CDFI Bond Guarantee Program, selected certified CDFIs or their designees will issue bonds that are guaranteed by the Federal government and use the proceeds to extend capital for community development financing and long-term community investments. Authorized uses of the loans financed through bond proceeds may include a variety of financial activities, such as supporting commercial facilities that promote revitalization, community stability, and job creation/retention; housing that is principally affordable to low-income people; businesses that provide jobs for low-income people or are owned by low-income people; and community or economic development in low-income and underserved rural areas. </p><p>Bond issues have a minimum size of $100 million each, up to an aggregate total of $500 million. Multiple CDFIs may pool together in a single $100 million bond issuance provided that each eligible CDFI participates at a minimum of $10 million. </p><p>In response to concerns raised by the CDFI industry, the FY 2018 round of the CDFI Bond Guarantee Program is opening earlier this year in order to better space the application periods of the CDFI Fund’s various programs throughout the year. This will also allow more time for the closing process.</p><p><b>Application Materials </b></p><p>In anticipation of the publication of the Notice of Guarantee Availability (NOGA) in the Federal Register tomorrow, application materials are available on the CDFI Fund’s website at <a href="http://www.cdfifund.gov/bond" target="_blank">www.cdfifund.gov/bond</a> under the How To Apply section by clicking Step 2: Apply. Application materials are also available through the CDFI Fund’s Award Management Information System (AMIS). </p><p>Please note that there have been no significant changes to the application materials, aside from changing deadlines, since the FY 2017 round.</p><p><b>Deadlines </b></p><p>Please reference the NOGA and application instructions for detailed information regarding the following application deadlines for consideration for FY 2018 bond guarantee authority.</p><ul><li><p>CDFI Certification Applications must be submitted through AMIS by 11:59 p.m. EST on November 30, 2017.</p></li><li><p>Qualified Issuer Applications must be submitted through AMIS by 11:59 p.m. EST on January 9, 2018.</p></li><li><p>Guarantee Applications must be submitted through AMIS by 11:59 p.m. EST on January 23, 2018.</p></li><li><p>The last day the CDFI Fund will accept questions regarding the FY 2018 application period for the CDFI Bond Guarantee Program is January 16, 2018, at 11:59 p.m. EST. All questions must be submitted electronically to the program office at <a href="mailto:bgp@cdfi.treas.gov" target="_blank">bgp@cdfi.treas.gov</a>.  </p></li></ul><p>Qualified Issuer Applications and Guarantee Applications received in FY 2017 that were neither withdrawn nor declined in FY 2017 will be considered under the FY 2018 authority. </p><p><b>Learn About Applying to the CDFI Bond Guarantee Program </b></p><p>Also available on the CDFI Fund’s website are prerecorded presentations on the CDFI Bond Guarantee Program. These presentations can be found on the CDFI Bond Guarantee webpage at <a href="http://www.cdfifund.gov/bond" target="_blank">www.cdfifund.gov/bond</a> under the How To Apply section by clicking Step 2: Apply. </p><p>In December 2017, the CDFI Fund will conduct two one-hour conference calls to answer application questions. No presentations will be given during the calls; only questions from potential applicants will be addressed. The CDFI Fund will announce the dates and times of these conference calls in the coming weeks.</p><p><b>Questions </b></p><p>Inquiries regarding legal documents related to the CDFI Bond Guarantee Program should be directed to the CDFI Fund’s Office of Legal Counsel via email at <a href="mailto:legal@cdfi.treas.gov" target="_blank">legal@cdfi.treas.gov</a>.   </p><p>For more information about the CDFI Bond Guarantee Program, please visit <a href="http://www.cdfifund.gov/bond" target="_blank">www.cdfifund.gov/bond</a>, or email the CDFI Fund’s Help Desk at <a href="mailto:bgp@cdfi.treas.gov" target="_blank">bgp@cdfi.treas.gov</a>. </p> 2017-11-01T04:00:00ZUpdates277
Program Eligibility Information Update: 2011-2015 American Community Survey Data Available for CMF and NMTC Programhttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=278Program Eligibility Information Update: 2011-2015 American Community Survey Data Available for CMF and NMTC Program<p>The Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has established a plan for releasing updated program eligibility information based upon Census Bureau data from the 2011-2015 American Community Survey (ACS). Eligibility requirements for the Bank Enterprise Award Program (BEA Program), Community Development Financial Institutions Program (CDFI Program), Native American CDFI Assistance Program (NACA Program), and New Markets Tax Credit Program (NMTC Program) will be released according to the timetable below. </p><p>Currently, eligibility information for the above listed CDFI Fund programs is determined by data collected through the 2006-2010 ACS. The CDFI Fund revises program eligibility criteria to coincide with each subsequent full five-year ACS data release, which is now the 2011-2015 release. However, the CDFI Fund plans to implement a one-year transition period to allow program applicants and recipients the option to determine eligibility using either 2006-2010 ACS data or 2011-2015 ACS data.</p><p>Detailed information regarding usage of ACS data during the transition period will be posted on the program-specific pages on the CDFI Fund website. The CDFI Fund will provide public notification as transition guidance for CDFI Fund programs becomes available.</p><p>The revised ACS data will also be included as an update to the <a href="/Pages/cims3.aspx" target="_blank">CDFI Information Mapping System (CIMS). </a>Program participants and interested members of the public can view the mapping tool on the CDFI Fund's website.</p><ul><li><p> <strong>New Markets Tax Credit Program Low-Income Community (LIC) Data</strong> is now available. <br> The updated LIC data may be used as of October 31, 2017, with a one-year transition period to use prior 2006-2010 ACS data. For more information, view the <a href="/Documents/NMTC%20CIMS%20November-Census%20Transition%202011-2015%20ACS%20Oct30-2017-4.30pm.pdf" target="_blank">NMTC Census Transition FAQs</a>. In addition, the updated LIC information is expected to be available to view as a data layer in CIMS in November 2017. </p></li><li> <p> <strong>Bank Enterprise Award Distressed Community Data</strong>: <em>to be released Spring 2018 (tentative)</em><br>Updated BEA data may be used starting on the release date, with a one-year transition period to use prior 2006-2010 ACS data.</p></li><li><p> <strong>CDFI and NACA Programs Certification Investment Areas</strong>: <em>to be released Summer 2018 (tentative)</em><br>CDFI Program and NACA Program data may be used starting on the release date, with a one-year transition period to use prior 2006-2010 ACS data.</p></li></ul><p>In addition, previously released <strong>Economic Distress Data </strong>for the FY 2017 Capital Magnet Fund (CMF) Round and <strong>High Housing Need Data </strong>for the FY 2016 CMF Round is now available in <a href="/Pages/cims3.aspx" target="_blank">CIMS</a>. </p><p>Program specific policies related to the transition to 2011-2015 ACS data and revised eligibility tables will be posted to the <a href="/research-data/Pages/default.aspx" target="_blank">research page</a>, as well as to relevant program pages on the CDFI Fund website. </p><p>For questions related to the ACS transition, contact the CDFI Fund via email at <a href="mailto:cdfihelp@cdfi.treas.gov" target="_blank">cdfihelp@cdfi.treas.gov</a>, with the subject line “ACS Question.”</p>2017-10-31T04:00:00ZUpdates278
Update for FY 2017 Round BEA Program Applicants: Electronic Application Now Available https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=276Update for FY 2017 Round BEA Program Applicants: Electronic Application Now Available <p>The electronic application for the fiscal year (FY) 2017 round of the Bank Enterprise Award Program (BEA Program) is now available in the Community Development Financial Institutions Fund’s (CDFI Fund) <a href="https://amis.cdfifund.gov/s/AMISHome" target="_blank">Awards Management Information System (AMIS).</a></p><p>All applicants must be registered in SAM.gov, Grants.gov, and AMIS to apply for funding. Previous applicants should confirm that their existing accounts for each system are active and up-to-date as soon as possible in order to avoid potential Standard Form-424 Mandatory (SF-424 Mandatory) and/or electronic application submission problems. New applicants are encouraged to begin this registration process immediately. Registration guidance for SAM.gov and Grants.gov can be found on the websites for those systems. Registration guidance for AMIS can be found in the “<a href="https://amis.cdfifund.gov/s/CDFIFundAMIS-TrainingManual-AE101.pdf" target="_blank">Getting Started – Navigating AMIS Training Manual</a>.” </p><p>The CDFI Fund strongly recommends that instructions and application timelines be reviewed closely by both first-time and repeat applicants, and that applicants allow adequate time to submit their applications using AMIS. To assist potential applicants with the FY 2017 BEA Program, the CDFI Fund has provided on its website the following three documents: the <a href="/Documents/2017%20BEA%20NOFA%20Federal%20Register%202017-20922.pdf" target="_blank">Notice of Funds Availability</a>, <a href="/Documents/2017%20BEA%20Application-508%20Compliant_100617.pdf" target="_blank">Application Instructions</a>, and <a href="/Documents/2017%20BEA%20Program-Supplemental%20Guidance-92817.pdf" target="_blank">Supplemental Guidance and FAQs</a>. All three of these documents can 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 Step 1: Apply. </p><p>In addition, 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://youtu.be/fikibELVBSY" target="_blank">pre-recorded AMIS webinar </a>and the “AMIS Training Manual for FY 2017 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 Step 1: Apply.</p><p><b>Reminder about Deadlines</b></p><ul><li><p>Part I of the application, the Grant Application Package/SF-424 Mandatory, must be submitted electronically through Grants.gov by 11:59 p.m. Eastern Time (ET) on November 16, 2017.</p></li><li><p>Part II of the application, the FY 2017 BEA Program Electronic Application, must be submitted electronically through AMIS by 5:00 p.m. ET on November 30, 2017. </p></li><li><p>The CDFI Fund will not answer questions about the FY 2017 round after 5:00 p.m. ET on November 28, 2017.</p></li></ul><p>Please view the CDFI Fund’s website at <a href="http://www.cdfifund.gov/bea" target="_blank">www.cdfifund.gov/bea</a> for full details about the BEA Program and <a href="/programs-training/Programs/bank_enterprise_award/Pages/apply-step.aspx" target="_blank">how to apply for the FY 2017 application round</a>. For questions regarding the BEA Program, please contact the CDFI Fund Help Desk at (202) 653-0421 or via the Service Request feature in AMIS.</p>2017-10-27T04:00:00ZUpdates276
A Public Meeting of the CDFI Fund's Advisory Board Will be Held on November 16, 2017 in Washington, DChttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=275A Public Meeting of the CDFI Fund's Advisory Board Will be Held on November 16, 2017 in Washington, DC<p>The Community Development Financial Institutions Fund (CDFI Fund) is convening a meeting of the Community Development Advisory Board (the Advisory Board) from 9:00 a.m. to 3:30 p.m. Eastern Standard Time on Thursday, November 16, 2017. The Advisory Board meeting will be held in the Cash Room at the U.S. Department of the Treasury located at 1500 Pennsylvania Avenue, NW, Washington, DC 20220.</p><p>The function of the Advisory Board is to advise the Director of the CDFI Fund on the policies regarding the activities of the CDFI Fund. The Advisory Board does not advise the CDFI Fund on approving or declining any particular application for monetary or non-monetary awards. </p><p> <a href="/Documents/CDAB%20November%20Meeting%20Notice%202017-22278.pdf" target="_blank">Please use this link to view the official meeting notice.</a></p><p> <b>Meeting Registration & Deadline</b></p><p>The Cash Room will accommodate up to 50 members of the public on a first-come, first-served basis. Because the meeting will be held in a secured federal building, members of the public who wish to attend the meeting must register in advance.</p><p>The registration deadline is 11:59 p.m. Eastern Standard Time on Thursday, November 9, 2017, or once the room capacity is reached. For entry into the building on the date of the meeting, each attendee must present his/her government issued ID, such as a driver’s license or passport, which includes a photo.</p><p>Please use the following link to register: ​​<a href="http://www.cvent.com/events/cdfi-advisory-board-meeting-11-16-17/event-summary-7df128479aa64516910cb6c9dc61ab39.aspx" target="_blank">http://www.cvent.com/events/cdfi-advisory-board-meeting-11-16-17/event-summary-7df128479aa64516910cb6c9dc61ab39.aspx</a></p> <p> <b>Public Accommodations</b></p><p>To be compliant with section 504 of the Rehabilitation Act, the U.S. Department of the Treasury will make reasonable accommodations if you require assistance with any of the following; visual, audio or mobility. Please contact Marcia Wilson by calling (202) 622-8177 or via email at Marcia.Wilson@treasury.gov.</p><p>Please be aware that the U.S. Department of the Treasury building has stairs outside of the main entrance.</p><p> <b>Live Webcast</b></p><p>You may view the public meeting as a live webcast. You do not need to register to view the webcast. The webcast will also be archived and available for viewing a few days after the meeting. </p><p>Please use the following link to view the live webcast: <a href="http://www.yorkcast.com/treasury/events/2017/11/16/cdfi" target="_blank">http://www.yorkcast.com/treasury/events/2017/11/16/cdfi</a> </p><p> <b>Questions</b></p><p>Any questions can be directed to Bill Luecht in the Office of Legislative and External Affairs by calling (202) 653-0322 or via e-mail at <a href="mailto:AdvisoryBoard@cdfi.treas.gov">AdvisoryBoard@cdfi.treas.gov</a>.  </p>2017-10-16T04:00:00ZUpdates275
CDFI Fund to Release Updated Program Eligibility Information: 2011-2015 American Community Survey Census Bureau Datahttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=274CDFI Fund to Release Updated Program Eligibility Information: 2011-2015 American Community Survey Census Bureau Data<p>The Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has established a plan for releasing updated program eligibility information based upon Census Bureau data from the 2011-2015 American Community Survey (ACS). Eligibility requirements for the Bank Enterprise Award Program (BEA Program), Community Development Financial Institutions Program (CDFI Program), Native American CDFI Assistance Program (NACA Program), and New Markets Tax Credit Program (NMTC Program) will be released according to the timetable below. </p><p>Currently, eligibility information for the above listed CDFI Fund programs is determined by data collected through the 2006-2010 ACS. The CDFI Fund revises program eligibility criteria to coincide with each subsequent full five-year ACS data release, which is now the 2011-2015 release. However, the CDFI Fund plans to implement a one-year transition period to allow program applicants and recipients the option to determine eligibility using either 2006-2010 ACS data or 2011-2015 ACS data.</p><p>Detailed information regarding usage of ACS data during the transition period will be posted on the program-specific pages on the CDFI Fund website. The CDFI Fund will provide public notification as transition guidance for CDFI Fund programs becomes available.</p><ul><li><p><strong>New Markets Tax Credit Program Low-Income Community (LIC) Data</strong>: <em>to be released October 31, 2017</em> Updated LIC data may be used starting on the release date, with a one-year transition period to use prior 2006-2010 ACS data. For more information, view the NMTC Census Data Transition FAQs here. </p></li><li><p><strong>Bank Enterprise Award Distressed Community Data</strong>: <em>to be released Spring 2018 (tentative)</em> Updated BEA data may be used starting on the release date, with a one-year transition period to use prior 2006-2010 ACS data.</p></li><li><p><strong>CDFI and NACA Programs Certification Investment Areas</strong>: <em>to be released Summer 2018 (tentative)</em> CDFI Program and NACA Program data may be used starting on the release date, with a one-year transition period to use prior 2006-2010 ACS data.</p></li></ul><p>Program specific policies related to the transition to 2011-2015 ACS data and revised eligibility tables will be posted to the <a href="/research-data/Pages/default.aspx" target="_blank">research page</a>, as well as to relevant program pages on the CDFI Fund website. Updated Community Investment Mapping System (CIMS) data reflecting new program eligibility will tentatively be deployed with revised eligibility tables.</p><p>For questions related to the ACS transition, contact the CDFI Fund via email at <a href="mailto:cdfihelp@cdfi.treas.gov" target="_blank">cdfihelp@cdfi.treas.gov</a>, with the subject line “ACS Question.”</p> 2017-10-10T04:00:00ZUpdates274
CDFI Fund Opens FY 2017 Funding Round of BEA Program https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=273CDFI Fund Opens FY 2017 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) 2017 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 the publication of the FY 2017 Notice of Funds Availability (NOFA) in today's Federal Register. The FY 2017 NOFA makes up to $23 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 earn an income that is 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>CDFI Related Activities: Equity Investments, Grants, Equity-Like Loans, Loans, Deposits, and/or Technical Assistance provided to certified CDFIs.</p></li><li><p>Distressed Community Financing Activities: 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>Service Activities: 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). </p><p>There are limited changes to the FY 2017 BEA Program from the prior funding year. The changes include: a Congressional mandate that at least 10 percent of the CDFI Fund’s FY 2017 appropriations be directed to counties that meet the criteria for “Persistent Poverty” designation; increasing the percentage for the CDFI Equity Investments sub-category to be 18 percent for CDFIs and non-CDFIs, aligning it with the maximum percentage given for CDFI Support Activities sub-category; the review and selection process impacted by Persistent Poverty Counties mandate; and reporting requirements for award recipients who made commitments to serve Persistent Poverty Counties. </p><p><b>Deadlines</b></p><p>Please reference the FY 2017 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 November 16, 2017.</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 November 30, 2017. </p></li></ul><p><b>Application Materials </b></p><p>In addition to being available through Grants.gov, the FY 2017 NOFA and a paper version of the application and instructions are available on the CDFI Fund's website, www.cdfifund.gov/bea. The electronic version of the application in AMIS will be released in approximately two to three weeks.</p><p><b>Webinars </b></p><p>The CDFI Fund will be conducting two webinars to discuss the FY 2017 BEA Program funding round. These webinars will also include question and answer sessions. Full information can be found on the CDFI Fund's website at <a href="http://www.cdfifund.gov/bea">www.cdfifund.gov/bea</a> under Step 1: Apply. </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">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 at <a href="mailto:cdfihelp@cdfi.treas.gov">cdfihelp@cdfi.treas.gov</a>.  The CDFI Fund will not answer questions about the FY 2017 round after 5:00 p.m. EST on November 28, 2017.</p> 2017-09-29T04:00:00ZUpdates273
Annual CIIS Public Data Release on CDFI Program Recipient Reporting https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=271Annual CIIS Public Data Release on CDFI Program Recipient Reporting <p>The Community Development Financial Institutions Fund (CDFI Fund) released today 13 years of data provided by Community Development Financial Institutions (CDFIs) through its data collection system, the Community Investment Impact System (CIIS). The data collected covers fiscal years (FY) 2003 through 2015.</p><p>The release contains Institution Level Report (ILR) data on 823 CDFIs that have reported to CIIS. These CDFIs have provided information on their operations, financial status, and impact in their communities. A previous data release in 2016 consisted of ILR data on 777 CDFIs that had reported to CIIS from FY 2003 through 2014.</p><p>The CDFI Fund also released Transaction Level Report (TLR) data detailing how CDFIs provide loans and investments in low-income communities. The data file includes the features and location of over 450,000 individual loans and investments totaling more than $34 billion made by 433 CDFIs. A previous data release in 2016 consisted of TLR data on 401 CDFIs that had reported to CIIS from FY 2003 through 2014.</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 to CIIS within six months after the close of their fiscal year. This includes both the ILR and TLR. The ILR release includes a total of 203 variables and 3,759 observations describing CDFIs’ profiles such as the demographic and geographic areas that a CDFI served, staffing levels, financial status, and services and training provided. </p><p>The TLR release includes a total of 50 variables and 464,931 observations detailing CDFIs’ financing activities in an area, including loan or investment structure and location. All ILR and TLR data released to the public are masked to protect the identity of individual CDFIs. </p><p> <b>2017 CDFI Program CIIS Data Release (Data Reported Through FY 2015):</b></p><ul><li><p> <a href="/Documents/CDFI%20Performance%20Data%20Snapshot_Approval.pdf" target="_blank">2017 CDFI Program and NACA Program Data Release Snapshot Presentation</a></p></li><li><p><a href="/Documents/FY%202015%20Data,%20Documentation,%20Instructions.zip" target="_blank">2017 CDFI Program and NACA Program Data Release Data, Documentation, and Instructions (.zip)</a></p></li> </ul> 2017-09-26T04:00:00ZUpdates271

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