CDFI News

 

 

Reminder for CDFI Fund Award and Allocation Recipient(s): Don’t Forget Your Annual Compliance Report(s)!https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=306Reminder for CDFI Fund Award and Allocation Recipient(s): Don’t Forget Your Annual Compliance Report(s)!<p>Are you the Authorized Representative of an organization that has received a CDFI Fund Award and/or Allocation? If so, don’t forget that in order to maintain compliance with your Assistance and/or Allocation Agreement(s) you must complete and submit the annual compliance report(s) as specified in your agreement(s).</p><p>The due dates to submit the annual compliance report(s) vary by fiscal year end date and type of award. This reminder is specifically for organizations with Assistance and/or Allocation Agreements that have an upcoming report due date of <b>June 29, and June 30, 2018.</b> </p><p><b>How to Check Your Report Date</b></p><p>Your organization’s required report date can be found in the Assistance and/or Allocation Agreement(s) for your award(s). Please review your Assistance and/or Allocation Agreement(s) to check if you are required to report at this time and for additional information about the annual compliance report requirements. </p><p>Failure to file the annual compliance report(s) may result in noncompliance with your organization’s Assistance and/or Allocation Agreement(s). </p><p><b>For More Information</b></p><p>Information and instructions on submitting your annual compliance report(s) can be found on the CDFI Fund’s website at the following links:</p><ul><li><p><a href="https://amis.cdfifund.gov/s/AMIS-ComplianceTrainingManual_FinalVersion.pdf?v=1" target="_blank">CDFI/NACA Program Reporting</a></p></li><li><p><a href="/Pages/ciis.aspx" target="_blank">NMTC Program Reporting</a> </p></li></ul><p>If you have questions about the annual compliance report(s), please contact your organization’s Certification, Compliance Monitoring and Evaluation Portfolio Manager directly or send a Service Request via your organization’s AMIS account. You may also contact the CDFI Fund’s Help Desk at <a href="mailto:ccme@cdfi.treas.gov">ccme@cdfi.treas.gov</a> or (202) 653-0421.</p><p>For more information about the CDFI Fund and its programs, please visit <a href="http://www.cdfifund.gov/" target="_blank">www.cdfifund.gov</a>.  </p> 2018-06-20T04:00:00ZUpdates306
Reminder for Certified CDFIs: Don’t Forget Your 2018 Annual Certification Report!https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=305Reminder for Certified CDFIs: Don’t Forget Your 2018 Annual Certification Report!<p>Are you the Authorized Representative of a currently certified CDFI? If so, don’t forget that in order to maintain your organization’s certification status you must complete and submit the Annual Certification and Data Collection Report (ACR) for Report Year 2018. </p><p>All Authorized Representatives for certified CDFIs should have received an e-mail notification from the CDFI Fund’s Office of Certification, Compliance Monitoring and Evaluation on May 31, 2018, regarding the ACR requirement for Report Year 2018 and providing details about how to comply. The due date to submit the ACR for Report Year 2018 is July 31, 2018.</p><p>Please review your e-mail notification for additional information about the 2018 ACR requirements. Failure to file an ACR will result in termination of your organization’s certified CDFI status, and may also impact any active CDFI Fund program awards your organization may have. Information and instructions on submitting your ACR can be found on the <a href="/programs-training/certification/cdfi/Pages/reporting-step.aspx" target="_blank">CDFI Fund’s website here</a>.</p><p>If you did not receive an e-mail notification, or have questions about the 2018 ACR, please submit a Service Request from your organization’s AMIS account; contact the CDFI Fund’s Help Desk at <a href="mailto:ccme@cdfi.treas.gov">ccme@cdfi.treas.gov</a>; or call (202) 653-0421. </p><p>For more information about the CDFI Fund and its programs, please visit <a href="http://www.cdfifund.gov/" target="_blank">www.cdfifund.gov</a>.  </p><p><b>Related Materials</b></p><a href="/Documents/2018%20ACR%20Fequently%20Asked%20Questions%20Final%206_2018.pdf" target="_blank"><ul><li><p>Annual Certification and Data Collection Report Frequently Asked Questions</p></li></ul></a>2018-06-19T04:00:00ZUpdates305
CDFI Fund to Pause Acceptance of New CDFI Certification Applications for 90 Days https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=304CDFI Fund to Pause Acceptance of New CDFI Certification Applications for 90 Days <p><i>New CDFI Certification Applications cannot be submitted August 1, 2018 through October 31, 2018</i><br></p> <p>​​Beginning August 1, 2018, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) will pause acceptance of new applications for certification as a Community Development Financial Institution (CDFI). This “blackout” period will be implemented for a period of 90 days to allow the CDFI Fund to administer critical system updates that affect the CDFI Certification process. The CDFI Fund will resume accepting new CDFI Certification application submissions on November 1, 2018.</p><p>Organizations either in the process of applying for CDFI Certification or that intend to do so in the near future have until July 31, 2018, to submit their applications using an interim submission process, outlined below. The CDFI Fund will review all certification applications submitted by the July 31, 2018 deadline. Any applications received on or after August 1, 2018 will not be considered and must be resubmitted once the blackout period ends on November 1, 2018.</p><p> <b>Why a “blackout” period?</b></p><p>The CDFI Fund is currently in the process of implementing systems changes that will transition the CDFI Certification application to the new Awards Management Information System (AMIS). AMIS is a unified technology platform that will support all CDFI Fund programs through each phase of the program life cycle, including CDFI Certification and compliance monitoring. The blackout period is necessary to provide the CDFI Fund an opportunity to convert to the updated system for processing CDFI Certification applications.</p><p> <b>If I need to submit a CDFI Certification Application before August 1, how do I do so? </b></p><p>Effective immediately and through July 31, 2018, the CDFI Fund will be deploying an interim process for the submission of CDFI Certification applications. Organizations must first submit a CDFI Certification Signature Page through the myCDFIFund portal, and then separately submit all required application documents and attachments to the “Org Related Attachments” section in AMIS. Information and guidance on how to submit the CDFI Certification application and attachments may be found on the CDFI Certification webpage at <a href="http://www.cdfifund.gov/cdficert" target="_blank">www.cdfifund.gov/cdficert</a> under How to Apply Step 1: Apply. </p><p> <b>I’m a currently certified CDFI. Is there any impact on me?</b></p><p>Currently certified CDFIs are not affected by this change, and are still required to meet any reporting requirements previously communicated to them, including the Annual Certification Report requirement for 2018. Please reach out to the Certification, Compliance Monitoring and Evaluation Help Desk if you have any questions.</p><p> <b>Questions and Information</b></p><p>Any questions regarding CDFI Certification should be directed to the Certification, Compliance Monitoring and Evaluation Help Desk via an AMIS Service Request, via e-mail at <a href="mailto:ccme@cdfi.treas.gov">ccme@cdfi.treas.gov</a>, or phone at (202) 653-0421. More information and guidance can be found on the CDFI Fund’s website at <a href="http://www.cdfifund.gov/cdficert" target="_blank">www.cdfifund.gov/cdficert</a>.   </p>2018-06-15T04:00:00ZUpdates304
CDFI Fund Re-Opens Application Period for FY 2018 CDFI Bond Guarantee Programhttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=303CDFI Fund Re-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 re-opened the fiscal year (FY) 2018 application period for the CDFI Bond Guarantee Program. Recognizing the Consolidated Appropriations Act, 2018, has extended the CDFI Bond Guarantee Program statutory authority until December 31, 2018, the CDFI Fund has decided to amend the existing Notice of Guarantee Authority (NOGA) and re-open the round to provide an opportunity for additional applicants to apply. A total of up to $500 million in bond guarantee authority is available to eligible Community Development Financial Institutions (CDFIs) in FY 2018.</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 minimum bond issuance provided that each eligible CDFI participates at a minimum of $10 million.</p><p><b>Application Materials</b></p><p>Application materials are available on the CDFI Fund’s website at www.cdfifund.gov/bond 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 are no material changes to this amended FY 2018 NOGA from the FY 2018 NOGA published in the Federal Register on November 2, 2017, and the amended NOGA published on January 18, 2018.</p><p><b>Deadlines</b></p><p>Please reference the amended NOGA and application instructions for detailed information regarding the following application deadlines for consideration for FY 2018 bond guarantee authority.</p><ul><li><p>Qualified Issuer Applications must be submitted through AMIS by 11:59 p.m. ET on July 12, 2018.</p></li><li><p>Guarantee Applications must be submitted through AMIS by 11:59 p.m. ET on July 12, 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 July 5, 2018, at 11:59 p.m. ET. All questions must be submitted electronically to the program office at <a href="mailto:bgp@cdfi.treas.gov">bgp@cdfi.treas.gov</a>.   </p></li></ul><p><b>Learn About Applying to the CDFI Bond Guarantee Program</b></p><p>Pre-recorded presentations on the CDFI Bond Guarantee Program are available on the CDFI Fund’s website. These presentations can be found on the CDFI Bond Guarantee Program webpage at <a href="http://www.cdfifund.gov/bond">www.cdfifund.gov/bond</a> under the How To Apply section by clicking <a href="/programs-training/Programs/cdfi-bond/Pages/apply-step.aspx#step2" target="_blank">Step 2: Apply</a>.</p><p>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 conference calls will be held on: </p><ul><li><p>Thursday, June 14, 2018 from 10:00 to 11:00 a.m. ET</p></li><li><p>Thursday, June 14, 2018 from 1:00 to 2:00 p.m. ET</p></li></ul><p>The dial-in number and passcodes are the same for both calls. The dial-in number is 1-888-989-6488 and the pass code is 4113114. 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><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 www.cdfifund.gov/bond, or email the CDFI Fund’s Help Desk at <a href="mailto:bgp@cdfi.treas.gov" target="_blank">bgp@cdfi.treas.gov</a>. </p> 2018-06-08T04:00:00ZUpdates303
CDFI Fund Requests Public Comment on CDFI Program and NACA Program Disability Funds Financial Assistance Applicationhttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=302CDFI Fund Requests Public Comment on CDFI Program and NACA Program Disability Funds Financial Assistance Application<p>The 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)). Currently, the Community Development Financial Institutions Fund (CDFI Fund), U.S. Department of the Treasury, is soliciting comments concerning the Community Development Financial Institution CDFI Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) Disability Funds-Financial Assistance Application (DF-FA). </p><p>The Consolidated Appropriations Act of 2017 (Act; P.L. 115-31) provided the CDFI Fund up to $3 million to provide “technical and financial assistance to CDFIs that fund projects to help individuals with disabilities.” The CDFI Fund created the Disability Funds-Financial Assistance (DF-FA) Application in response to this Congressional directive. Applicants selected to receive DF-FA awards will have a demonstrated track record of serving individuals with disabilities, specifically by providing financial products and services and/or development services that have a primary purpose of benefiting individuals with disabilities. The CDFI Fund will administer DF-FA awards in conjunction with the annual CDFI Program and NACA Program application process.</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. </p><p>Written comments must be submitted by July 24, 2018 via e-mail to Amber Bell, Program Manager for the CDFI Program and Native Initiatives, CDFI Fund, in order to be considered. For more information, please review the applicable Federal Register notice below. </p><p><b>Related Materials</b></p><ul><li><p><a href="https://www.federalregister.gov/documents/2018/05/25/2018-11304/notice-of-information-collection-and-request-for-public-comment" target="_blank">Federal Register Notice</a></p></li><li><p><a href="/Documents/Disability%20Funds%20%20Financial%20Assistance%20Application%20for%20Public%20Comment.pdf" target="_blank">Disability Funds-Financial Assistance Application (For Comment)</a></p></li></ul> 2018-05-25T04:00:00ZUpdates302
2018 NMTC Program Electronic Application Now Available in AMIShttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=3002018 NMTC Program Electronic Application Now Available in AMIS<p>​The electronic application for the calendar year (CY) 2018 round of the New Markets Tax Credit Program (NMTC Program) is now available in the Community Development Financial Institutions Fund's (CDFI Fund) <a href="https://amis.cdfifund.gov/s/AMISHome">Awards Management Information System (AMIS)</a>.</p><p>The CDFI Fund published the Notice of Allocation Availability (NOAA) for the CY 2018 round in the Federal Register on May 11, 2018.  Community Development Entities (CDE) interested in applying for New Markets Tax Credit allocation authority under the CY 2018 round have until 5:00 pm Eastern Daylight Time (EDT), on June 28, 2018, to submit their electronic application through AMIS. </p><p>Electronic application instructions, including how to navigate through AMIS, may be found on the NMTC Program webpage at <a href="http://www.cdfifund.gov/nmtc">www.cdfifund.gov/nmtc</a> under <a href="/programs-training/Programs/new-markets-tax-credit/Pages/apply-step.aspx#step2">How to Apply Step 2: Apply</a>.  In addition, the CDFI Fund anticipates posting a pre-recorded webinar by May 24, 2018 to demonstrate the electronic application submission in AMIS.  Links to the pre-recorded AMIS webinar will also be available on the NMTC Program webpage under <a href="/programs-training/Programs/new-markets-tax-credit/Pages/apply-step.aspx#step2">How to Apply Step 2: Apply</a>.</p><p>All applicants should closely review instructions, application materials and application timelines.  The CDFI Fund <strong>strongly recommends</strong> that applicants give themselves adequate time to submit their applications through AMIS. Only electronic applications submitted through AMIS will be considered. </p><p><strong>Reminder about Important Deadlines </strong></p><p>Per the CY 2018 NOAA, the deadlines for the NMTC Program are as follows: </p><ul><li>Submission of CDE Certification Application: May 24, 2018</li><li>Online Submission of Electronic Allocation Application: June 28, 2018</li><li>Online Submission of Electronic Allocation Application Attachments: June 28, 2018</li><li>Date by which prior Allocatees record QEIs in CDFI Fund Systems: September 24, 2018 </li></ul><p><strong>Application Materials</strong></p><p>All application materials, including frequently asked questions and application presentations, may be found on the NMTC Program webpage at <a href="http://www.cdfifund.gov/nmtc">www.cdfifund.gov/nmtc</a> under <a href="/programs-training/Programs/new-markets-tax-credit/Pages/apply-step.aspx#step2">How to Apply Step 2: Apply</a>.  </p><p><strong>Questions</strong></p><p>Applicants should be aware that the CDFI Fund will not respond to questions about the electronic application after 5:00 p.m. EDT on June 26, 2018.  If you have questions, please contact the CDFI Fund through the Service Request feature in AMIS or by reaching out to our Help Desk at (202) 653-0421 or <a href="mailto:cdfihelp@cdfi.treas.gov">cdfihelp@cdfi.treas.gov</a>.</p>2018-05-25T04:00:00ZUpdates300
CDFI Fund Releases Application Demand for FY 2018 Round of CDFI Program and NACA Programhttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=301CDFI Fund Releases Application Demand for FY 2018 Round of CDFI Program and NACA Program<p>The fiscal year (FY) 2018 application round for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) closed on April 4, 2018. The Community Development Financial Institutions Fund (CDFI Fund) received 538 applications from 485 organizations across the country requesting a total of $504.5 million. </p><p>Specifically<sup>1</sup>: </p><ul><li><p>432 organizations requested $334.9 million in CDFI Program Financial Assistance (FA) and Technical Assistance (TA) awards</p></li><li><p>53 organizations requested $33.7 million in NACA Program FA and TA awards</p></li><li><p>20 organizations requested $75.3 million in Healthy Food Financing Initiative-Financial Assistance (HFFI-FA) awards</p></li><li><p>33 organizations requested $15.2 million in Disability Funds-Financial Assistance (DF-FA) awards</p></li><li><p>162 organizations requested $45.4 million to serve Persistent Poverty Counties</p></li></ul><p>Pursuant to the Consolidated Appropriations Act, 2018 (PL 115-141), Congress appropriated $198 million for the CDFI Fund to support the following programs:</p><ul><li><p>$160 million in CDFI Program FA and TA awards</p></li><li><p>$16 million in NACA Program FA and TA awards</p></li><li><p>$22 million in HFFI-FA awards</p></li></ul><p>A minimum of 10 percent of the appropriations must support investments in rural and urban Persistent Poverty Counties. </p><p>In addition, the CDFI Fund will combine FY 2017 and FY 2018 appropriated funds of up to $6 million to provide Disability Funds-Financial Assistance (DF-FA) funding for the FY 2018 award round. 33 applicants that applied for FA awards submitted supplemental applications requesting $15.2 million in DF-FA funding for projects and services that will assist individuals with disabilities. Combining the appropriated funds will allow the CDFI Fund to fund the maximum number of highly qualified applicants.</p><p>This year’s applicant pool is one of the most geographically diverse groups of applicants to apply for the CDFI Program or the NACA Program. Nationwide, the applicants are headquartered in 47 states and the District of Columbia. In addition, the CDFI Program received eight applications from organizations headquartered in the U.S. Territory of Puerto Rico. </p><p>The CDFI Fund anticipates finalizing the FY 2018 CDFI Program and NACA Program awards in early Fall 2018. For more information about these programs, please visit the CDFI Fund’s website at <a href="http://www.cdfifund.gov/cdfi" target="_blank">www.cdfifund.gov/cdfi</a> or <a href="http://www.cdfifund.gov/native" target="_blank">www.cdfifund.gov/native</a>. </p><p> </p><hr /><p><sup>1 </sup><span style="font-size:11px;">Since organizations may apply for more than one type of award, the number of applications by program exceeds the total number of applicants. </span></p>2018-05-24T04:00:00ZUpdates301
CDFI Fund Opens CY 2018 Round of New Markets Tax Credit Programhttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=297CDFI Fund Opens CY 2018 Round of New Markets Tax Credit Program<p>The U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) released today the Notice of Allocation Availability (NOAA) for the calendar year (CY) 2018 round of the New Markets Tax Credit Program (NMTC Program). The NOAA makes up to $3.5 billion in tax credit allocation authority available for the CY 2018 round. The CDFI Fund provided the NOAA on its website in anticipation of its publication in the Federal Register on May 11, 2018. </p><p>The NMTC Program spurs investment of private sector capital into distressed communities by providing a tax credit to corporate or individual taxpayers who make qualified equity investments in designated Community Development Entities (CDEs). The CDEs, in turn, invest the capital raised into projects and businesses in low-income communities. The credit provided to the investor totals 39 percent of the investment in a CDE and is claimed over a seven-year credit allowance period. </p><p>The CDFI Fund has made 1,105 awards—totaling $54 billion in tax credit allocation authority—to CDEs through the NMTC Program since the program’s inception. More information about the NMTC Program can be found on the program’s webpage, <a href="http://www.cdfifund.gov/nmtc" target="_blank">www.cdfifund.gov/nmtc</a>, or in the program’s<a href="/Documents/NMTC%20Fact%20Sheet_Jan2018.pdf" target="_blank"> fact sheet</a>. </p><p> <b>Important Deadlines </b></p><ul><li><p>CDE Certification Application: May 24, 2018</p></li><li><p>NMTC Electronic Application submission: June 28, 2018</p></li></ul><p>Please refer to the NOAA for more details about these and other deadlines. </p><p> <b>Application Materials </b></p><ul><li><p>NMTC application materials and resources are available at <a href="http://www.cdfifund.gov/nmtc" target="_blank">www.cdfifund.gov/nmtc</a> under <a href="/programs-training/Programs/new-markets-tax-credit/Pages/apply-step.aspx" target="_blank">How to Apply Step 2: Apply</a>.</p><p>This round, the NMTC Allocation Application will be completed and submitted electronically via the CDFI Fund’s Awards Management Information System (AMIS). Currently, a paper version of the NMTC Allocation Application is available on the website. The CDFI Fund anticipates that access to the electronic application in AMIS will be made available within three weeks. Please check the <a href="/programs-training/Programs/new-markets-tax-credit/Pages/apply-step.aspx" target="_blank">How to Apply Step 2: Apply </a>section for updates.</p></li><li><p>CDE Certification application materials and resources are available at www.cdfifund.gov/cde under <a href="/programs-training/certification/cde/Pages/apply-step.aspx#step1" target="_blank">How to Apply Step 1: Apply</a>.</p></li></ul><p> <b>Learn About Applying to the NMTC Program </b></p><p>To provide more information about the NMTC Program and the application process, the CDFI Fund has posted presentations for potential applicants on the NMTC Program page, <a href="http://www.cdfifund.gov/nmtc" target="_blank">www.cdfifund.gov/nmtc</a>, under <a href="/programs-training/Programs/new-markets-tax-credit/Pages/apply-step.aspx" target="_blank">How to Apply Step 2: Apply</a>. </p><p>In addition to the detailed information that is available through the NOAA, NMTC Application, NMTC Application Frequently Asked Questions, and presentations, the CDFI Fund will conduct two one-hour conference calls to answer application questions. Please see below for the dates and times for each call. No presentations will be given during the calls; only questions from participants will be addressed. </p><p> <i>NMTC Application Conference Calls </i></p><ul><li> <p>Wednesday, May 16, 2018, 1:00 to 2:00 p.m. ET</p></li><li><p>Thursday, May 17, 2018, 2:00 to 3:00 p.m. ET </p></li></ul><p>The dial-in number and passcodes are the same for both calls. The dial-in number is 1-800-779-3179 and the pass code is 6814029. 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> <b>Questions</b></p><p>For more information on the NMTC application or certification as a CDE, please contact the CDFI Fund’s Help Desk by submitting a service request in AMIS or by telephone at 202-653-0421.</p><p>Learn more about the CDFI Fund and its programs at <a href="http://www.cdfifund.gov/" target="_blank">www.cdfifund.gov</a>. </p>2018-05-09T04:00:00ZUpdates297
Save the Date: Upcoming FY 2018 Capital Magnet Fund Information Sessionshttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=298Save the Date: Upcoming FY 2018 Capital Magnet Fund Information Sessions<p>The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) is tentatively planning to publish the Notice of Funds Availability (NOFA) and application for the FY 2018 Capital Magnet Fund round in the Summer of 2018. Approximately $140 million is expected to be available for awards through the FY 2018 round. </p><p>The Capital Magnet Fund provides awards to finance affordable housing activities, as well as related economic development activities and community service facilities, nationwide. The CDFI Fund will provide further information about the NOFA, application, and how to apply in the coming months. </p><p>In the meantime, to help CDFIs and non-profit organizations who may be interested in applying prepare for the upcoming award round, the CDFI Fund will be holding two virtual information sessions in May and June, 2018. At each session, CDFI Fund staff will provide an introductory overview of the Capital Magnet Fund program and discuss how organizations can start preparing to apply for the 2018 round. Recent changes to mandatory government application systems, such as SAM.gov and Grants.gov, mean that both new and repeat applicants may benefit from attending the sessions. </p><p> <b>FY 2018 Capital Magnet Fund Information Sessions</b></p><p> <i>Advance registration is not required to attend the virtual information sessions. Click the links below to access the sessions at the time the session begins.</i></p><ul><li><p><strong>About the Capital Magnet Fund Session 1</strong>: May 30, 2018, at 1:00 p.m. ET<br>Dial: 1-888-566-5969<br>Conference Number: PWXW7470443 <br>Passcode: 4185673 <br>View the presentation at <a href="https://www.mymeetings.com/nc/join" target="_blank">https://www.mymeetings.com/nc/join</a>   </p></li><li><p><strong>About the Capital Magnet Fund Session 2</strong>: June 7, 2018, at 4:00 p.m. ET<br>Dial: 1-888-566-5969<br>Conference Number: PWXW7470447 <br>Passcode: 4185673 <br>View the presentation at <a href="https://www.mymeetings.com/nc/join.php?i=PWXW7470447&p=4185673&t=c" target="_blank">https://www.mymeetings.com/nc/join </a></p></li></ul><p>To learn more about the Capital Magnet Fund, please visit <a href="http://www.cdfifund.gov/cmf" target="_blank">www.cdfifund.gov/cmf</a>.  </p>2018-05-07T04:00:00ZUpdates298
CDFI Fund Requests Public Comment on CDFI Program and NACA Program Annual Compliance Reportshttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=295CDFI Fund Requests Public Comment on CDFI Program and NACA Program Annual Compliance Reports<p>The 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)). Currently, the Community Development Financial Institutions Fund (CDFI Fund), U.S. Department of the Treasury, is soliciting comments concerning the Community Development Financial Institution CDFI Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) Annual Compliance Reports. </p><p>A CDFI Program or NACA Program recipient must submit Annual Compliance Reports. The specific components that comprise a recipient’s Annual Compliance Reports are set forth in the assistance agreement that the recipient enters into with the CDFI Fund in order to receive a CDFI Program or a NACA Program award. The three reports being published for public comment are the: (i) Performance Progress Report (PPR); (ii) Financial Statement Audit Report (if applicable); and (iii) A-133 Audit Report (if applicable).</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.</p><p>Written comments must be submitted by July 2, 2018 via e-mail to Tanya McInnis, Acting Program Manager for the Office of Certification, Compliance Monitoring and Evaluation, CDFI Fund, in order to be considered. For more information, please review the applicable Federal Register notice below. </p><p><b>Related Materials</b></p><ul><li><p><a href="/Documents/Compliance%20PRA%20FR%202018-09273.pdf" target="_blank">Federal Register Notice</a></p></li><li><p><a href="/Documents/CDFI%20Fund%20Annual%20Compliance%20Reports_For%20Public%20Comment%20May%202018.pdf" target="_blank">CDFI Program and NACA Program Annual Compliance Reports (For Comment)</a></p></li></ul> 2018-05-02T04:00:00ZUpdates295

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