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CDFI Fund Announces Nearly $18 Million in Bank Enterprise Awards Blank Space Blank Space Award Recipients Increased Lending and Investments in Low-Income and Distressed Communitieshttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=87CDFI Fund Announces Nearly $18 Million in Bank Enterprise Awards Blank Space Blank Space Award Recipients Increased Lending and Investments in Low-Income and Distressed Communities <p> <strong>Washington, DC-</strong>Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced awards totaling nearly $18 million to 59 FDIC-insured depository institutions for serving economically distressed communities across the nation. The awards are being made through the fiscal year (FY) 2012 round of the Bank Enterprise Award Program (BEA Program). The activities that qualify these institutions for BEA Program awards occur in census tracts where at least 30 percent of the population lives at or below the national poverty level and where the unemployment rate is 1.5 times above the national average. </p><p>"The BEA Program is a strategic tool for community-focused institutions as they partner with private and public interests in search of the best solutions for the neighborhoods they serve," said CDFI Fund Director Donna J. Gambrell. "The awards the CDFI Fund provides today will be reinvested in low-income and distressed communities, supporting new jobs, stronger small businesses, and more financial education and banking services for neighborhoods across the country" </p><p>Collectively, these 59 depository institutions increased their loans and investments in distressed communities by $383.3 million; increased their loans, deposits, and technical assistance to Community Development Financial Institutions (CDFIs) by $21.1 million; increased their equity and equity-like loans and grants to CDFIs by $258 thousand; and increased the provision of financial services in distressed communities by $5.5 million. </p><p>The BEA Program awardees were selected after a comprehensive review of 71 applications received by the CDFI Fund from financial institutions across the nation that requested more than $88.5 million in funding under the FY 2012 round. </p><p> <strong>About the BEA Program</strong> </p><p>The BEA Program awards FDIC-insured depository institutions for making investments in the most distressed communities throughout the nation. The awards also help banks and thrifts offset some of their risk and meet capital ratio requirements. The BEA Program is multiplying financial institutions’ impacts and generating greater economic opportunity for those with the least access to financial products and services. </p><p> <strong>About the CDFI Fund</strong> </p><p>Since its creation in 1994, the CDFI Fund has awarded more than $1.7 billion to CDFIs, community development organizations, and financial institutions through the CDFI Program, the Bank Enterprise Awards program, and the Native American CDFI Assistance program. In addition, the CDFI Fund has allocated $33 billion in tax credit authority to community development entities through the New Markets Tax Credit Program. </p><p> <strong>2012 BEA Program Awards</strong> </p><p> <a href="/Documents/Final%20BEA%20Award%20Book%20112012.pdf" target="_blank">2012 BEA Program Award List</a> <br> <br> <a href="/Documents/BEA%20Highlights%202012.pdf" target="_blank">2012 BEA Program Highlights</a> <br> <br> <a href="/Documents/BEA%20Profiles%202012.pdf" target="_blank">2012 BEA Program Awardee Profiles</a> <br> <br> <a href="/Documents/BEA%20List%202012.pdf" target="_blank">2012 BEA Program Award Booklet</a> </p><p>For more information on the CDFI Fund and its programs, please visit <a href="http://cdfifund.gov/">www.cdfifund.gov</a>. </p>2012-11-27T05:00:00ZPress Releases87
CDFI Fund Update: “Innovations in Small Business Lending” Capacity Building Initiative Resource Bank Now Availablehttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=146CDFI Fund Update: “Innovations in Small Business Lending” Capacity Building Initiative Resource Bank Now Available<p class="body"> Building upon its commitment to provide extensive trainings and reference materials for Community Development Financial Institutions, the Community Development Financial Institutions Fund added a new Capacity Building Initiative Resource Bank to its website today. The new “Innovations in Small Business Lending” Resource Bank will help business-oriented CDFI lenders establish and enhance services that are vital to the needs of small and medium enterprises. </p><p class="body"> The “Innovations in Small Business Lending” Resource Bank provides links to expert sources and reference materials that cover a wide range of topics, including innovative market opportunities for small business lenders, small business lending tools, and relevant data and research. The Resource Bank was compiled through the Capacity Building Initiative’s “Innovations in Small Business Lending” training series, administered by Deloitte Financial Advisory Services LLP. </p><p class="body"> The Resource Bank will be updated as more materials become available. To view the Resource Bank, and to learn more about the “Innovations in Small Business Lending” training series, as well as the other series available under the Capacity Building Initiative, please visit <a href="/programs-training/training-ta/Pages/default.aspx">www.cdfifund.gov/cbi</a>. </p> 2012-11-19T05:00:00ZUpdates146
Assessing the Impact of Superstorm Sandy on CDFIs, CDEs, and the Communities They Servehttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=86Assessing the Impact of Superstorm Sandy on CDFIs, CDEs, and the Communities They Serve<p> <em>To Our Subscribers:</em><br><br><em>Earlier today, CDFI Fund Director Donna J. Gambrell sent the following message to CDFIs headquartered in the areas affected by Superstorm Sandy. The CDFI Fund would like to invite all CDFIs and CDEs that have affected communities in their service areas to send us your thoughts as well. Your time and assistance is appreciated.</em> </p> <br> <p> Dear Friends, <br> <br> First and foremost, our hearts go out to those affected by the destruction of Superstorm Sandy. As we all know, CDFIs, day in and day out, are on the front lines providing vital financing and services to underserved communities across our country. CDFIs have and will play an extremely important role in supporting the recovery in those communities on the East Coast that are in dire need at this time. </p><p class="body"> I realize that you have probably not yet absorbed the impact on your organization and the customers you serve, but I ask that you take a few moments to help us understand what you are facing now and going forward. Please send your response no later than November 30th to <a href="mailto:PublicAffairsOffice@cdfi.treas.gov">PublicAffairsOffice@cdfi.treas.gov</a>. </p><p> <strong>Your CDFI</strong> </p><ul><li>Was your CDFI impacted by Superstorm Sandy? If so, how?</li><li>Did you sustain damage (i.e., electricity out; water damage, etc.)?</li><li>Have you reopened for business, and if so when? </li><li>What are your needs moving forward?</li><li>Are you currently involved in or providing any direct recovery assistance services?</li></ul><p> <strong>Your Clients/Customers</strong> </p><ul><li>Have any of your clients/customers been impacted? If so, could you provide an example or two of these projects/investments (small businesses, housing, etc.) and provide a short narrative as to what happened, what was your investment and what are the needs moving forward?</li></ul><p> <strong>The Future</strong> </p><ul><li>What new relief efforts or programs is your CDFI contemplating, if any, to help in the aftermath of Superstorm Sandy?</li></ul><p> <strong>Please Spread The Word</strong><br><br> Survivors of this storm can take the first steps toward recovery right now by registering for assistance with FEMA. Impacted residents and business owners in New Jersey, New York, Connecticut and West Virginia can apply for federal assistance by phone 1-800-621-FEMA (3362), via mobile devices at m.fema.gov or online at <a href="http://www.disasterassistance.gov/" target="_blank">www.DisasterAssistance.gov</a>.<br><br> Please know that you are in our thoughts at this time of great need. <br> <br> Sincerely, <br> <br> Donna J. Gambrell </p>2012-11-14T05:00:00ZPress Releases86
CDFI Fund Announces First Capacity Building Initiative Training for CDFIs Working with Small Businesseshttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=139CDFI Fund Announces First Capacity Building Initiative Training for CDFIs Working with Small Businesses<p class="body"> <b>Washington, DC</b> - The Community Development Financial Institutions Fund (CDFI Fund) is pleased to invite Community Development Financial Institutions (CDFIs) to apply to participate in the Capacity Building Initiative training series <i>Innovations in Small Business Lending</i>. CDFIs that are currently engaged in providing loans to small and medium-sized enterprises will be able to attend free trainings that are designed to support their continued growth and expanded capabilities. The series will be provided by Deloitte Financial Advisory Services LLP (Deloitte).</p><p class="body"> “The <i>Innovations in Small Business Lending</i> series will expand the Capacity Building Initiative’s efforts to provide cutting edge training, technical assistance, and impact analysis to CDFIs that work to support small and medium enterprises in underserved communities throughout the United States,” said CDFI Fund Director Donna J. Gambrell. “I’m pleased to be able to announce the very first training available under this series, which will help CDFIs enhance and expand business lending, ultimately putting more Americans back to work.” </p><p class="body"> From November 2012–May 2013, the <i>Innovations in Small Business Lending</i> series will offer five two-day training sessions in locations across the continental United States. The first training will be held at the Minneapolis Federal Reserve on November 13 and 14, 2012. Additional training dates and cities will be announced as they are finalized on the CDFI Fund’s <a href="/what_we_do/SmallBusinessSeries.asp?programID=13"> website</a>. </p><p class="body"> The training has been developed around three small business lending themes that will allow CDFIs to:</p><p class="body"> </p><ul><li>focus on market “waves” that demonstrate potentially high profit and mission impact; </li><li>analyze multiple national and local trends; and</li><li>efficiently filter opportunities to identify the best to pursue and how to do so.</li></ul><p> </p><p class="body"> At these sessions, Deloitte’s experienced instructors will conduct in-depth training focused on identifying strategic market trends, assessing selected small business opportunities, evaluating potential economic and social impact, and performing preliminary financial calculations. In addition, six in-depth market opportunity areas will be examined, and numerous innovations and potential deals in those markets will be covered. </p><p class="body"> The workshops are free; however, advance registration, including a capacity assessment questionnaire, is required. For more information about the training sessions and how to apply, please <a href="/Lists/CDFI%20News" target="_blank">click here</a> </p><p class="body"> <b> <u>Apply now</u> as space will be limited!</b></p><p class="body"> For more information about the Innovations in Small Business Lending series, or other trainings available under the Capacity Building Initiative, please visit <a href="/programs-training/training-ta/Pages/default.aspx">www.cdfifund.gov/cbi</a>. </p><p class="body"> <b>About the CDFI Fund</b><br> The CDFI Fund invests in and builds the capacity of community-based, private, for-profit and non-profit financial institutions with a primary mission of community development in economically distressed communities. These institutions – certified by the CDFI Fund as Community Development Financial Institutions or CDFIs – are able to respond to gaps in local markets that traditional financial institutions are not adequately serving. CDFIs provide critically needed capital, credit and other financial products in addition to technical assistance to community residents and businesses, service providers, and developers working to meet community needs. The CDFI Fund's vision is an America in which all people have adequate access to affordable capital, credit and financial services. </p><p class="body"> <b>About Deloitte</b><br> Deloitte Financial Advisory Services LLC is a global organization devoted to excellence in providing professional services and advice. With access to the deep intellectual capital of more than 160,000 people worldwide, its member firms deliver services in areas of consulting, assurance & enterprise risk, tax, and financial advisory services. Deloitte brings strong industry experience in financial transaction work – restructuring impaired assets, and developing business models that can attract new capital, and providing technical assistance to troubled institutions. To find out more, please visit <a href="http://www.deloitte.com/view/en_US/us/Services/Financial-Advisory-Services/index.htm" target="_blank">http://www.deloitte.com/view/en_US/us/Services/Financial-Advisory-Services/index.htm</a>. </p>2012-09-26T04:00:00ZUpdates139
CDFI Fund Releases Application Demand for 2012 Round of NMTC Programhttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=121CDFI Fund Releases Application Demand for 2012 Round of NMTC Program<b>Washington, DC</b> - The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that it received a total of 282 applications under the 2012 round of the New Markets Tax Credit Program (NMTC Program). The NMTC Program encourages economic development in low-income and distressed communities by making tax credits available to Community Development Entities (CDEs) for targeted investments in eligible areas. <p class="body"> The CDEs that applied under the 2012 round are headquartered in 44 states, the District of Columbia, and Puerto Rico. The applicants requested an aggregate total of $21,901,474,907 in NMTC allocation authority. </p><p class="body"> “The steady demand for New Markets Tax Credit allocation authority illustrates how effective this program is in encouraging economic and community development in low-income communities across America,” said CDFI Fund Director Donna J. Gambrell. “The 2012 round is the tenth award round of the program, and our strong application numbers illustrate how we’ve established the New Markets Tax Credit as an essential tool for generating impact through investments.” </p><p class="body"> 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 in turn 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 class="body"> The application deadline was September 12, 2012, although applicants affected by Hurricane Isaac were given a limited extension on a case-by-case basis. The CDFI Fund anticipates announcing the organizations that will receive New Markets Tax Credit allocations in early 2013, subject to Congressional reauthorization. </p><p class="body"> Through the first nine rounds of the NMTC Program, the CDFI Fund has made 664 awards totaling $33 billion in tax credit allocation authority. The NMTC Program’s innovative approach to using tax credits to promote economic development in low-income communities led to its recognition earlier today as a “<a href="http://www.ash.harvard.edu/Home/News-Events/Press-Releases/Innovations/Harvard-Announces-111-Bright-Ideas-in-Government" target="_blank">Bright Idea in Government</a>” by Harvard University’s Ash Center for Democratic Governance and Innovation at the John F. Kennedy School of Government. Additional information about the NMTC Program can be found on the CDFI Fund’s web site at <a href="/Programs/new-markets-tax-credit/Pages/default.aspx">www.cdfifund.gov/nmtc</a>. </p>2012-09-25T04:00:00ZUpdates121
CDFI Fund Announces New Training Series to Expand the Capacity of Small and Emerging CDFIshttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=125CDFI Fund Announces New Training Series to Expand the Capacity of Small and Emerging CDFIs<p class="body"> The Community Development Financial Institutions Fund (CDFI Fund) announced today the launch of a new training and technical assistance series under its Capacity Building Initiative. <i>The Strengthening Small and Emerging CDFIs</i> series will provide specialized training and technical assistance to small and emerging Community Development Financial Institutions (CDFIs), especially those serving specific regions of persistent poverty that are traditionally underserved by financial institutions.</p><p class="body"> The training series will provide comprehensive capacity building services and resources for small and emerging CDFIs, tailored to CDFI needs and the communities they serve. The goal of this endeavor is to fill the gaps in CDFI coverage in underserved communities across the country. Opportunity Finance Network (OFN), the selected provider of the series, will deliver training and technical assistance to help the CDFI Fund achieve this objective and expand the capacity of small and emerging CDFIs. </p><p class="body"> "As we celebrate two successful years of training series under the Capacity Building Initiative, I’m very pleased to be able to announce a brand-new training that will assist smaller CDFIs that are trying to position themselves to grow in a sustainable way,” said CDFI Fund Director Donna J. Gambrell. “The Strengthening Small and Emerging CDFIs series will emphasize providing critical support to small and emerging organizations that are working in communities underserved by financial institutions. The targeted training and technical assistance that we’re providing through this series will ultimately enable these CDFIs to increase their impact and bring quality financial products and services to communities across the country." </p><p class="body"> CDFIs are critical components of the nation’s financial infrastructure, particularly within the most underserved communities. Successful organization growth relies not only on building a CDFI’s internal capacity and understanding its own growth trajectory, but also on the creation of a strong network of potential collaborators and stakeholders to create an environment that supports a CDFI’s growth. To address these needs, the CDFI Fund will collaborate with OFN to provide training and technical assistance (including one-on-one assistance and mentored cohorts) for small and emerging CDFIs. OFN will also identify underserved areas, including areas of persistent poverty such as Appalachia, the Colonias along the U.S.-Mexico border, and the Mississippi Delta, and provide specific, proactive suggestions for filling gaps of services through product development and collaborations with strategic partners. </p><p class="body"> All training opportunities and technical assistance resource materials will be posted on the CDFI Fund's <a href="/what_we_do/StrengtheningSmall%26EmergingCDFIs.asp?programID=13"> website</a> in the coming months. </p><p class="body"> For more information about the Capacity Building Initiative or the CDFI Fund’s other programs, please visit <a href="/">www.cdfifund.gov</a>. </p><p class="body"> <b>About the CDFI Fund</b><br> The CDFI Fund invests in and builds the capacity of community-based, private, for-profit and non-profit financial institutions with a primary mission of community development in economically distressed communities. These institutions – certified by the CDFI Fund as Community Development Financial Institutions or CDFIs – are able to respond to gaps in local markets that traditional financial institutions are not adequately serving. CDFIs provide critically needed capital, credit and other financial products in addition to technical assistance to community residents and businesses, service providers, and developers working to meet community needs. The CDFI Fund's vision is an America in which all people have adequate access to affordable capital, credit and financial services. </p><p class="body"> <b>About Opportunity Finance Network</b><br> Opportunity Finance Network (OFN) is the national network of Community Development Financial Institutions (CDFIs)—private financial institutions that are 100 percent dedicated to delivering responsible, affordable lending to help low-income, low-wealth, and other disadvantaged people and communities join the economic mainstream. Through 2010, OFN’s network has originated more than $24.2 billion in financing in urban, rural, and Native communities, and financed 782,907 housing units, 64,391 business and microenterprises, 7,674 community facilities, and created or retained 317,052 jobs. More information is available at: <a href="http://www.opportunityfinance.net/" target="_blank">www.opportunityfinance.net</a>. </p>2012-09-20T04:00:00ZUpdates125
IRS Issues Final Regulations on New Markets Tax Credithttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=135IRS Issues Final Regulations on New Markets Tax Credit<p> <i>Changes will Promote Greater Investment in Operating Businesses</i></p><p class="body"> In an effort to encourage greater investment in non-real estate businesses located in low-income communities, the Internal Revenue Service (IRS) published final regulations for the New Markets Tax Credit Program (NMTC Program) in the Federal Register today, September 28, 2012. </p><p class="body"> A result of efforts begun by the Treasury Department to understand from NMTC Program recipients what enhancements were needed to spur job creation and economic revitalization in low-income communities, the final rule endeavors to facilitate investments in the operations of non-real estate businesses, such as working capital and equipment loans. The rule defines a non-real estate business; addresses the reinvestment of capital; and outlines investing guidelines, among other issues. </p><p class="body"> <b>Links:</b><br> <br> <a href="/Documents/NMTC%20IRS%20Final%20Rule_09282012.pdf" target="_blank">Final Regulations</a><br> <a href="/programs-training/Programs/new-markets-tax-credit/Pages/default.aspx">New Markets Tax Credit Program</a> </p>2012-09-10T04:00:00ZUpdates135
CDFI Fund Update: New Capacity Building Initiative Resource Bank Availablehttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=134CDFI Fund Update: New Capacity Building Initiative Resource Bank Available<p>The Community Development Financial Institutions Fund (CDFI Fund) is committed to making its Capacity Building Initiative a comprehensive source of trainings and reference materials for Community Development Financial Institutions (CDFIs). Building upon that commitment, the CDFI Fund has added a new Capacity Building Initiative Resource Bank to its website. The Foreclosure Solutions Resource Bank will be an essential tool for CDFIs navigating the intricacies of foreclosure intervention.</p><p class="body"> The <a href="/what_we_do/ForeclosureSolutionsResourceBank.asp">Foreclosure Solutions Resource Bank</a> provides links to training opportunities, expert sources, and reference materials to help CDFIs improve their understanding of foreclosure intervention counseling and learn how to effectively implement a counseling program in their communities. The Resource Bank was compiled through the Capacity Building Initiative’s Foreclosure Solutions training series, administered by NeighborWorks® America. </p><p class="body"> In addition, new supplemental webinars and reference materials have been added to the Capacity Building Initiative’s <a href="/what_we_do/FinancingHealthyFoodOptionsResourceBank.asp"> Financing Healthy Food Options Resource Bank</a>, also available on the CDFI Fund’s website. The new webinars cover topics ranging from how to underwrite small and emerging farms to how to predict the market demand for healthy food retail. The Financing Healthy Food Options training series is administered by the Opportunity Finance Network. </p><p class="body"> To view the Resource Banks, and to learn more about the variety of training series available under the Capacity Building Initiative, please visit <a href="/programs-training/training-ta/Pages/default.aspx">www.cdfifund.gov/cbi</a>. </p>2012-08-21T04:00:00ZUpdates134
Treasury Announces More Than $186 Million in Awards to Organizations Serving Low-Income and Native Communities Blank Space Blank Space Announcement is Largest in History for Treasury’s CDFI Fund that Helps Spur Job Creation and Economic Growth ihttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=85Treasury Announces More Than $186 Million in Awards to Organizations Serving Low-Income and Native Communities Blank Space Blank Space Announcement is Largest in History for Treasury’s CDFI Fund that Helps Spur Job Creation and Economic Growth i<p class="body"> <em>Announcement is Largest in History for Treasury’s CDFI Fund that Helps Spur Job Creation and Economic Growth in Communities Across the Country</em> </p><p> <strong>Milwaukee, WI </strong>– Underscoring the U.S. Department of the Treasury’s commitment to revitalizing economic and community development across the country, Community Development Financial Institutions Fund (CDFI Fund) Director Donna J. Gambrell and Treasury Deputy Assistant Secretary Don Graves today joined U.S. Representative Gwen Moore to announce an aggregate total of $186,853,456 in awards to 210 organizations serving low-income communities. The fiscal year (FY) 2012 awards, provided through the CDFI Fund’s Community Development Financial Institutions Program (CDFI Program) and the Native American CDFI Assistance Program (NACA Program), represent the largest single announcement of award dollars and award recipients in the CDFI Fund’s history. </p><p class="body"> Both programs provide awards to certified and emerging Community Development Financial Institutions (CDFIs) that specialize in assisting low-income and distressed communities. In addition, the NACA Program has a particular focus of supporting CDFIs that serve primarily Native American, Alaska Native, and Native Hawaiian communities. In addition, the CDFI Program for the past two years has provided supplemental awards to highly-qualified applicants under the Healthy Food Financing Initiative, which aims to increase access to healthy food options in low-income areas. </p><p class="body"> Speaking to a group of CDFIs that work in Wisconsin, Director Gambrell highlighted how the awards announced today will benefit a broad swathe of Americans. “I am pleased to announce the 2012 awards for the CDFI Program and the NACA Program, which will increase the capacity of CDFIs serving low-income and Native communities across the country,” said Director Gambrell. “This year’s awardees will continue to provide vital financial services in low-income areas that are typically overlooked by traditional lenders, bettering the lives of Americans nationwide.” </p><p class="body"> The CDFI Fund is awarding more than $175 million in CDFI Program awards and nearly $11.5 million in NACA Program awards. </p><p class="body"> U.S. Representative Gwen Moore attended the event in Milwaukee, which was held at Antigua, a restaurant that got its start with the help of loans and financial education provided by the Wisconsin Women’s Business Initiative Corporation (WWBIC), a local CDFI and 2012 CDFI Program awardee. The restaurant has created 19 new jobs for the local community and demonstrates how CDFIs play a critical role supporting local entrepeneurs and small businesses spur job creation and economic growth in communities across the country. </p><p class="body"> “The financial assistance and educational resources provided by the CDFI and NACA Programs here in Milwaukee are critical to our community’s growth and building a strong, robust economy, said Representative Gwen Moore. “I want to thank CDFI Fund Director Donna J. Gambrell, Deputy Assistant Secretary of Treasury Don Graves and the Department of Treasury for choosing the great city of Milwaukee to make this very important announcement. I look forward to continuing to work with them to help provide these much needed resources to our most vulnerable communities.” </p><p class="body"> The 210 awardees—177 CDFI Program awardees and 33 NACA Program awardees—are headquartered in 41 states. Full details of the awardees may be found at the links below and on the CDFI Fund’s website, <a href="http://cdfifund.gov/">www.cdfifund.gov</a>. </p><table><tbody><tr><td class="body"> <strong>2012 CDFI Program Awards</strong> </td><td class="body"> <strong>2012 NACA Program Awards</strong> </td><td class="body"></td></tr><tr><td class="body"> <a href="/Documents/CDFI%20AWARDSbook%208%202012.pdf" target="_blank">2012 CDFI Program Award Book</a> </td><td class="body"> <a href="/Documents/FY%202012%20NACA%20Program%20Award%20Booklet.pdf" target="_blank">2012 NACA Program Award Book</a> </td></tr><tr><td class="body"> <a href="/Documents/CDFI%20AWARDSbook%208%202012.pdf" target="_blank">2012 CDFI Program Award List (By Org</a> </td><td class="body"> <a href="/Documents/FY%202012%20NACA%20Award%20List.pdf" target="_blank">2012 NACA Program Award List (By Org</a> </td></tr><tr><td class="body"> <a href="/Documents/CDFI%20HFFI%20List%20Alph%20by%20State%20and%20City.pdf" target="_blank">2012 CDFI Program Award List (By State)</a> </td><td class="body"> <a href="/Documents/NACA%20List%20Alph%20by%20State%20and%20City.pdf" target="_blank">2012 NACA Program Award List (By State)</a> </td></tr><tr><td class="body"> <a href="/Documents/Highlights.pdf" target="_blank">2012 CDFI Program Award Highlights</a> </td><td class="body"> <a href="/Documents/FY%202012%20NACA%20Award%20Highlights.pdf" target="_blank">2012 NACA Program Award Highlights</a> </td></tr><tr><td class="body"> <a href="/Documents/AwardProfiles.pdf" target="_blank">2012 CDFI Program Awardee Profiles</a> </td><td class="body"> <a href="/Documents/FY%202012%20NACA%20Program%20Award%20Profiles.pdf" target="_blank">2012 NACA Program Awardee Profiles</a> </td></tr></tbody></table><p class="body"><br> <strong></strong></p><p class="body"><strong>About the CDFI Fund</strong> <br> Since its creation in 1994, the CDFI Fund has awarded over $1.7 billion to CDFIs, community development organizations, and financial institutions through the CDFI Program, the Bank Enterprise Awards Program, the Capital Magnet Fund, the Financial Education and Counseling Pilot Program, and the Native American CDFI Assistance Program. In addition, the CDFI Fund has allocated $33 billion in tax credit authority to Community Development Entities through the New Markets Tax Credit Program. </p><p class="body"> <strong>About the CDFI Program</strong> <br> Through the CDFI Program’s Financial Assistance and Technical Assistance awards, the CDFI Fund invests in and builds the capacity of for-profit and non-profit community based lending organizations known as Community Development Financial Institutions, or CDFIs. These organizations, certified as CDFIs by the U.S. Treasury Department, serve rural and urban low-income people and communities across the nation that lack adequate access to affordable financial products and services. Awards are granted through an annual competitive application process. <br> <br> Additionally, in FYs 2011 and 2012, the Healthy Food Financing Initiative served as a supplemental funding opportunity under the CDFI Program for eligible CDFIs that expressed an interest in expanding their healthy food-focused financing activities and had received Financial Assistance awards. The Healthy Food Financing Initiative is an interagency initiative involving the CDFI Fund, the U.S. Department of Health and Human Services, and the U.S. Department of Agriculture that represents the federal government’s first coordinated step to increase the supply of and demand for nutritious foods in low-income urban and rural areas in the United States. </p><p class="body"> <strong>About the NACA Program</strong> <br> Through the CDFI Program’s NACA Program Financial Assistance and Technical Assistance awards, the CDFI Fund invests in and builds the capacity of for-profit and non-profit community based lending organizations known as Native Community Development Financial Institutions, or Native CDFIs, and entities proposing to become or create Native CDFIs. These organizations serve low-income Native American, Alaska Native, and Native Hawaiian people and communities across the nation that lack adequate access to affordable financial products and services. Awards are granted through an annual competitive application process. </p> 2012-08-06T04:00:00ZPress Releases85
HUD, USDA, Treasury Step Up Efforts in U.S. Border Communitieshttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=84HUD, USDA, Treasury Step Up Efforts in U.S. Border Communities<p> <strong>Washington, DC</strong> – "Last year I saw first-hand the persistent poverty that exists in many U.S. communities along the Mexico border, so I am very happy to join my partners at HUD and USDA to highlight how important it is to improve the living conditions in that area," said CDFI Fund Director Donna J. Gambrell. "By collaborating together we will be able to multiply our impact and strengths—HUD through grants, USDA through program priority points and here at the CDFI Fund with training and customized technical assistance opportunities—to best assist the distressed areas in the border region. This is just one more example of the CDFI Fund’s efforts to build partnerships with other federal agencies to benefit CDFIs—and the communities they serve—nationwide." </p><p> To read the press release, please visit <a href="http://portal.hud.gov/hudportal/HUD?src=/press/press_releases_media_advisories/2012/HUDNo.12-098" target="_blank">HUD’s website</a>. </p> 2012-06-12T04:00:00ZPress Releases84

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