CDFI News

 

 

CDFI Fund Improves CDE Certification Application Processhttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=323CDFI 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> 2018-09-21T04:00:00ZUpdates323
CDFI Fund Request for Public Comment: CDFI Certification Application https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=320CDFI Fund Request for Public Comment: CDFI Certification Application <p>The U.S. Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104–13 (44 U.S.C. 3506(c)(2)(A)).</p><p>Currently, the Community Development Financial Institutions Fund (CDFI Fund), U.S. Department of the Treasury, is soliciting comments concerning the CDFI Certification Application, which will be submitted through AMIS. </p><p>Please note that the Application currently available for comment does not include any changes regarding CDFI Certification application criteria that may result from the Request for Information the CDFI Fund published in 2017. The CDFI Fund’s work reviewing the comments received from that Request for Information is ongoing.</p><p>The version of the CDFI Certification Application currently available for public comment is similar to the Application already in use. The Application includes four administrative changes designed to provide clarification and consistency to better understand the work of the CDFI Certification Applicant. </p><p>Comments are invited on all aspects of the information collections, but commentators may wish to focus particular attention on: (a) the cost for CDFIs to operate and maintain the services/systems required to provide the required information; (b) ways to enhance the quality, utility, and clarity of the information to be collected; (c) whether the collection of information is necessary for the proper evaluation of the effectiveness and impact of the CDFI Fund’s programs, including whether the information has practical utility; (d) the accuracy of the CDFI Fund’s estimate of the burden of the collection of information, and; (e) ways to minimize the burden of the collection of information including through the use of technology. Further information can be found in the Federal Register notice below. </p><p>Written comments must be received on or before November 5, 2018 to be assured of consideration. Submit your comments via email to Tanya McInnis, Acting Program Manager for the Office of Certification, Compliance Monitoring and Evaluation, CDFI Fund, at ccme@cdfi.treas.gov. </p><p><b>Related Materials</b></p><ul><li><p><a href="/Documents/2018-19194%20FR%20CDFI%20PRA%20Notice.pdf">Federal Register Notice for CDFI Certification Application</a></p></li><li><p><a href="/Documents/CDFI%20Certification%20Application%20-%20August%202018%20Final%20508C.pdf" target="_blank">CDFI Certification Application (for Public Comment)</a></p></li><li><p><a href="/Documents/CDFI%20Certification%20Attachment%20A%20Workbook%20_2018%20Final%20508C.pdf" target="_blank">CDFI Certification Application Attachment A (for Public Comment)</a></p></li></ul> 2018-09-05T04:00:00ZUpdates320
Upcoming Deadlines and Updates for FY 2018 Capital Magnet Fund Round Applicantshttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=319Upcoming Deadlines and Updates for FY 2018 Capital Magnet Fund Round Applicants<p>As a reminder for prospective fiscal year (FY) 2018 Capital Magnet Fund Applicants, the deadline for online CMF Application submission through the Awards Management Information System (AMIS) is <strong>September 17, 2018 at 5:00 p.m. Eastern Time (ET)</strong>.  To ensure a successful Application submission, the Community Development Financial Institutions Fund (CDFI Fund) encourages all FY 2018 Applicants to submit Applications as early as possible. </p><p>The last day to contact Capital Magnet Fund staff with Application questions is <strong>September 13, 2018 at 5:00 p.m. ET</strong>. Please note that Application questions received via Help Desk calls, Help Desk e-mails, and Service Requests will not be answered after that time. </p><p>The CDFI Fund encourages Applicants to carefully review all guidance provided on the CDFI Fund's website at <a href="http://www.cdfifund.gov/cmf"><span style="text-decoration:underline;">www.cdfifund.gov/cmf</span></a> under "How to Apply Step 2: Apply." The guidance includes helpful instructions and tips about completing and submitting your Application. </p><p><strong>Updated Guidance</strong></p><p>The CDFI Fund has recently updated its Frequently Asked Questions for the FY 2018 Application. The updated FAQ document includes additional guidance on how to calculate Leveraged Costs and Eligible Project Costs, as well as how to document the Commitment of the CMF Award.</p><p>The guidance and Application materials referenced in this message for the FY 2018 Application round are posted on the CDFI Fund's website at <a href="http://www.cdfifund.gov/cmf"><span style="text-decoration:underline;">www.cdfifund.gov/cmf</span></a> under "How to Apply Step 2: Apply." </p><p><strong>Questions</strong></p><p>Please direct Application questions to the CDFI Fund's Help Desk by submitting a Service Request through AMIS; by e-mailing <a href="mailto:cmf@cdfi.treas.gov"><span style="text-decoration:underline;">cmf@cdfi.treas.gov</span></a>; or by calling (202) 653-0421. The CDFI Fund will not respond to Application questions received after September 13, 2018 at 5:00 p.m. ET. </p><p>To learn more about the CDFI Fund and its programs, please visit <a href="http://www.cdfifund.gov/"><span style="text-decoration:underline;">www.cdfifund.gov</span></a>. </p>2018-08-28T04:00:00ZUpdates319
Compliance Reporting Resources Availablehttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=318Compliance Reporting Resources Available<p>As part of the process to integrate award recipient reporting into the Award Management Information System (AMIS), the Community Development Financial Institutions Fund (CDFI Fund) <a href="/news-events/Pages/news-detail.aspx?NewsID=311&Category=Updates" target="_blank">previously announced </a>that awardee reporting would be unavailable through the Community Investment Impact System (CIIS) beginning August 1, 2018 and replaced by reporting in AMIS beginning September 1, 2018.</p><p>Beginning September 1, 2018, award recipients will submit reports—including Institutional Level Reports (ILRs), Transactional Level Reports (TLRs), QEI Closeout Reports, and Sub-CDE Dissolution Reports—through AMIS, which will provide users an improved experience for completing and submitting compliance reporting and monitoring activities.</p><p> <b>Guidance Materials</b></p><p>To assist award recipients in becoming familiar with the new compliance reporting interface in AMIS, the CDFI Fund is making available the compliance and performance reporting instruction manuals and upload <a href="#templates">templates</a>. To access AMIS compliance reporting guidance, visit the CDFI Fund <a href="/Pages/amisreporting.aspx" target="_blank">AMIS Compliance and Performance reporting page</a>. </p><p> <b>Webinars</b></p><p>To familiarize award recipients with compliance reporting in AMIS, the CDFI Fund will conduct two webinars to provide detailed information on completing and submitting reports in AMIS. Please note that content for each webinar will be individually focused on either Community Development Financial Institution (CDFI) reporting or Community Development Entity (CDE) reporting—ensure that you are participating in the webinar applicable to your organization’s reporting requirements.</p><p>Please click the webinar links below 5-10 minutes before the start time to access the webinar you would like to join. No prior registration is necessary. Requests for reasonable accommodations under section 504 of the Rehabilitation Act should be directed to Jay Santiago at (202) 653-0300 no later than 48 hours before the conference calls begin.</p><p>Viewing these webinars requires the use of WebEx. To download the WebEx Event Manager, see the instructions on the Verizon's <a href="https://www.mymeetings.com/emeet/join/src/plugins_mm.php?lang=/en" target="_blank">WebEx Downloads page</a>.</p><ul><li><p> <strong>AMIS Reporting Webinar #1</strong>: <i>Note: this webinar will focus on CDFI compliance reporting</i><br> August 28, 2018/1:00-3:00 PM ET<br> Dial: (888) 790-3587<br> Conference Number: PWXW7921546<br> Passcode: 9501649<br><a href="https://www.mymeetings.com/nc/join.php?i=PWXW7921546&p=9501649&t=c" target="_blank">Access the Webinar</a></p></li><li><p> <strong>AMIS Reporting Webinar #2</strong>: <i>Note: this webinar will focus on CDE compliance reporting</i><br> August 29, 2018/1:00-3:00 PM ET<br> Dial: (888) 790-3587<br> Conference Number: PWXW7921553<br> Passcode: 9501649<br><a href="https://www.mymeetings.com/nc/join.php?i=PWXW7921553&p=9501649&t=c" target="_blank">Access the Webinar</a></p></li></ul><p>For those unable to participate in the webinars, the presentation materials and webinar recording will be made available subsequent to the webinar dates. </p><p> <b>Questions</b></p><p>Any questions regarding compliance and reporting should be directed to the CDFI Fund's Help Desk via: an AMIS Service Request; e-mail at <a href="mailto:cdfihelp@cdfi.treas.gov" target="_blank">cdfihelp@cdfi.treas.gov</a>  or phone at (202) 653-0421. </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><hr /> <footer> <ol> <li id="templates"> <i>Please note, AMIS compliance guidance and instruction material may be further revised. The CDFI Fund will provide notification to the public as updated information becomes available. </i></li><p> </p></ol> </footer>2018-08-21T04:00:00ZUpdates318
Important Reminders for FY 2018 Capital Magnet Fund Applicantshttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=317Important 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> 2018-08-14T04:00:00ZUpdates317
CDFI Fund Releases Application Demand for 2018 Round of NMTC Programhttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=315CDFI 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> 2018-08-08T04:00:00ZUpdates315
Update for FY 2018 Round BEA Program Applicants: Electronic Application Now Availablehttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=313Update 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>2018-08-07T04:00:00ZUpdates313
A Public Meeting of the CDFI Fund's Advisory Board will be Held on August 23, 2018 in Washington, DC https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=314A Public Meeting of the CDFI Fund's Advisory Board will be Held on August 23, 2018 in Washington, DC <p>The Community Development Financial Institutions Fund (CDFI Fund) is convening a meeting of the <a href="/about/Pages/advisory-board.aspx">Community Development Advisory Board </a>(the Advisory Board) from 9:00 a.m. to 2:00 p.m. Eastern Time on Thursday, August 23, 2018. The Advisory Board meeting will be held in Media Rooms A & B 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>Please use the following <a href="/Documents/Notice%20for%20August%2023%202018%20CDFI%20Fund%20Advisory%20Board%20Meeting%20-%20FR%20version.pdf">link to view the official meeting notice</a>.</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 <a href="http://treas.yorkcast.com/webcast/Play/7b6cdda3ecd142dea1051ddc12fc3dad1d?autostart=true" target="_blank">live webcast</a>.</p><p><b>Meeting Registration & Deadline</b></p><p>If you would like to attend the meeting in-person, Media Rooms A & B 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 Time on Thursday, August 16, 2018, 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 <a href="http://www.cvent.com/d/kgqg0h" target="_blank">to register</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 Jay Santiago by calling (202) 653-0300.</p><p>Please be aware that the U.S. Department of the Treasury building has stairs outside of the main entrance.</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" target="_blank">AdvisoryBoard@cdfi.treas.gov</a>. </p> 2018-08-07T04:00:00ZUpdates314
Update on CIIS Transition to AMIS: Awardee Reporting Webinars Scheduled for August 28 & 29, 2018https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=312Update on CIIS Transition to AMIS: Awardee Reporting Webinars Scheduled for August 28 & 29, 2018<p> <i>CIIS to be replaced by AMIS starting September 1, 2018</i></p> <p>As part of the process to transition compliance reporting from the Community Investment Impact System (CIIS) into the Award Management Information System (AMIS), the Community Development Financial Institutions Fund (CDFI Fund) <a href="/news-events/Pages/news-detail.aspx?NewsID=311&Category=Updates">previously announced </a>that awardee reporting would be unavailable between August 1, 2018 and September 1, 2018.</p><p>Beginning September 1, 2018, award recipients will submit reports—including Institutional Level Reports (ILRs), Transactional Level Reports (TLRs), QEI Closeout Reports, and Sub-CDE Dissolution Reports—through AMIS, which will provide users an improved experience for completing and submitting compliance reporting and monitoring activities.</p><p>To familiarize award recipients with compliance reporting in AMIS, the CDFI Fund will conduct two webinars that provided detailed information on completing and submitting reports in AMIS. </p><p>Please click the webinar links below 5-10 minutes before the start time to access the webinar you would like to join. No prior registration is necessary. Requests for reasonable accommodations under section 504 of the Rehabilitation Act should be directed to Jay Santiago at (202) 653-0300 no later than 48 hours before the conference calls begin.</p><p>Viewing these webinars requires the use of WebEx. To download the WebEx Event Manager, see the instructions on the Verizon's <a href="https://www.mymeetings.com/emeet/join/src/plugins_mm.php?lang=/en">WebEx Downloads page</a>.</p><ul><li><p> <b>AMIS Reporting Webinar #1: </b> <br>August 28, 2018/1:00-3:00 PM ET<br> Dial: (888) 790-3587<br> Conference Number: PWXW7921546<br> Passcode: 9501649<br><a href="https://www.mymeetings.com/nc/join.php?i=PWXW7921546&p=9501649&t=c">Access the Webinar</a></p></li><li><p> <b>AMIS Reporting Webinar #2: </b> <br>August 29, 2018/1:00-3:00 PM ET<br> Dial: (888) 790-3587<br> Conference Number: PWXW7921553<br> Passcode: 9501649<br><a href="https://www.mymeetings.com/nc/join.php?i=PWXW7921553&p=9501649&t=c">Access the Webinar</a></p></li></ul><p>For those unable to participate in the webinars, the presentation material and webinar recording will be made available subsequent to the webinar dates. Additional guidance information will be available in the coming weeks.</p>2018-08-06T04:00:00ZUpdates312
CDFI Fund Update: Community Investment Impact System Availabilityhttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=311CDFI Fund Update: Community Investment Impact System Availability<p><i>CIIS will be unavailable August 1 – September 1, 2018, to allow for integration into the Awards Management Information System (AMIS).</i></p><p>The Community Development Financial Institutions Fund (CDFI Fund), as part of its efforts to improve customer service and reduce the reporting burden on award recipients, is integrating its Community Investment Impact System (CIIS) platform into AMIS. As a result, beginning August 1, 2018, users will no longer be able to submit Institutional Level Reports (ILRs), Transactional Level Reports (TLRs), QEI Closeout Reports, and Sub-CDE Dissolution Reports through CIIS. </p><p><b>Awardee reporting will be available again in AMIS beginning September 1, 2018, and in time for the next report due date of September 30, 2018.</b></p><p><b>Why is the CDFI Fund transitioning CIIS reporting into AMIS?</b></p><p>CIIS is currently the system for award recipient reporting for the Community Development Financial Institutions Program (CDFI Program), New Markets Tax Credits Program (NMTC Program) and Capital Magnet Fund (CMF) that captures key information needed to monitor the financial condition of award recipients and to report performance goals and measures. It is an application that requires modernization to improve award recipient reporting and system performance. Transitioning CIIS into AMIS will improve the award recipient experience for completing compliance reporting and monitoring activities.</p><p><b>What if my organization currently has reports pending in CIIS? </b></p><p>The CDFI Fund will work to ensure that organizations with reports pending are able to complete the submission process. Organizations that have been working with the CDFI Fund to finalize submission of reports are asked to continue working with staff to address issues that may be impacting completion of the submission process.</p><p><b>Will information and guidance on compliance reporting be provided once AMIS becomes available for reporting?</b></p><p>Yes. The CDFI Fund will provide detailed guidance information on submitting compliance reports in AMIS that will be made available once the upgrade process is complete.</p><p><b>My organization recently applied to a CDFI Fund program for an award, does this affect us?</b></p><p>No. Only organizations that have a signed assistance agreement or allocation agreement that is in effect are impacted.</p><p><b>Questions and Information</b></p><p>Any questions regarding reporting during the transition period should be directed to the Certification, Compliance Monitoring and Evaluation Help Desk via: an AMIS Service Request; e-mail at <a href="mailto:ccme@cdfi.treas.gov">ccme@cdfi.treas.gov</a>; or phone at (202) 653-0421. </p><p>Questions related to the AMIS system and CIIS-AMIS transition process can be directed to the Information Technology Support Help Desk through: an AMIS service request; email at <a href="mailto:AMIS@cdfi.treas.gov">AMIS@cdfi.treas.gov</a>; or phone at (202) 653-0422.</p><p>***</p><p><i>As a reminder, also beginning August 1, 2018, the CDFI Fund will pause acceptance of new applications for certification as a Community Development Financial Institution for a period of 90 days. Information on the certification blackout period is available <a href="/news-events/news/Pages/news-detail.aspx?NewsID=304&Category=Updates" target="_blank">here</a>. </i></p> 2018-07-20T04:00:00ZUpdates311

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