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CDFI Fund Releases Most Comprehensive CIIS Data on CDFI Program Awardee Reporting to Datehttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=144CDFI Fund Releases Most Comprehensive CIIS Data on CDFI Program Awardee Reporting to Date<p class="body"> The CDFI Fund released today ten years of data provided by Community Development Financial Institutions (CDFIs) through its data collection system, known as the Community Investment Impact System (CIIS). The data collected covers fiscal years (FY) 2003 through 2012. </p><p class="body"> The release contains Institution Level Report (ILR) data on 592 CDFIs that have reported to CIIS. In general, these CDFIs have provided information on their operation, financial status, and impact in their communities. A previous data release in 2011 consisted of ILR data on 534 CDFIs that had reported to CIIS from FY 2004 through 2010. </p><p class="body"> Additionally, Transaction Level Report (TLR) data was also released to the public detailing how CDFIs provide loans or investments in low-income communities. The data file includes the features and location of over 300,000 individual loans and investments totaling more than $19 billion made by 339 CDFIs. A previous data release in 2011 consisted of TLR data on 239 CDFIs that had reported to CIIS from FY 2004 through 2010. </p><p class="body"> <b>Data Background</b> </p><p class="body"> As part of compliance requirements, award recipients under the CDFI Program are required to submit information through CIIS within six months after the close of their fiscal year. This includes the ILR and the TLR. The ILR release includes a total of more than 60 variables describing CDFIs’ profiles such as the ethnics and geography areas that a CDFI had served, staffing levels, financial status, and services and training provided. The TLR release includes a total of 17 variables detailing CDFIs’ financing activities in an area, including loan or investment structure and location. Documentation of the data is provided in a short report detailing the CIIS CDFI Program data. All ILR and TLR data released to the public are masked to protect the identity of individual CDFIs. </p><p class="body"> The CDFI Fund’s summary presentation is available below. The full data release can be viewed on the CDFI Fund’s website at <a href="/research-data/Pages/default1.aspx">www.cdfifund.gov/research</a>. </p><ul><li><a href="/Documents/CDFI%20Snapshot%20Report%202012%20Data_Final_4-21-14.pdf" target="_blank">CIIS Data Release Snapshot Presentation</a></li></ul><p class="body"> For more information about the CDFI Fund and its programs, please visit <a href="/"> www.cdfifund.gov</a> or view the CDFI Fund’s program <a href="/Programs/cdfi-program/Pages/default.aspx"> fact sheets</a>. </p>2014-04-28T04:00:00ZUpdates144
CDFI Fund Releases Interim Impact Assessment for Capital Magnet Fundhttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=94CDFI Fund Releases Interim Impact Assessment for Capital Magnet Fund<p> Awardees generate more than $1 billion of investment in affordable housing and associated community and economic development </p><p> The interim impact assessment for the Capital Magnet Fund, released today by the US Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund), found that the inaugural round of 23 Capital Magnet Fund awardees disbursed over $62.3 million and committed another $17.7 million through 2012. This has produced a total project benefit of over $1 billion in affordable housing and associated community and economic development projects. The 23 awardees leveraged the initial Capital Magnet Fund awards 12 times with other public and private investments in almost 7,000 affordable homes. Many Capital Magnet Fund investments are now providing housing for the nation’s elderly, disabled, homeless, veterans, and others in great need. </p><p> Capital Magnet Fund award projects have been committed, started, or completed in 28 states, the District of Columbia, and Puerto Rico. </p><p> Of the total Capital Magnet Fund uses reported through 2012: </p><ul><li>112 or 38 percent of projects involve multi-family projects, including new development and preservation (with and without rehabilitation). These projects received disbursements of $53 million of CMF awards and commitments for $14.5 million of CMF awards, generating a total of $957 million of investment. </li><li>62 or 21 percent of projects involve new single-family development and preservation (with and without rehabilitation). These projects received disbursements of $3.4 million of CMF awards and commitments for nearly $3.5 million of CMF awards, generating a total of $54.5 million of investment. </li><li>15 or 5 percent of projects involve community and economic development activities (including business finance, child care services, homeless counseling services, and healthcare). These projects used $5.5 million of Capital Magnet Fund awards, which generated a total of almost $53 million of investment. </li><li>105 or 36 percent of projects were for financial assistance to individual homebuyers. This assistance used $353,546 of CMF awards which generated a total of $4.2 million of investment. </li></ul><p> On October 10, 2010, the CDFI Fund announced $80 million in Capital Magnet Fund awards to 23 Community Development Financial Institutions (CDFIs) and qualified nonprofit housing developers. The CDFI Fund received 230 applications from organizations serving 49 states, the District of Columbia, and Puerto Rico. The amount requested totaled more than $1 billion in grants. Of the 23 Capital Magnet Fund awardees, 13 were nonprofit housing organizations; nine were CDFIs; and one was a Tribal housing authority. </p><p> Through the Capital Magnet Fund, the CDFI Fund provides competitively awarded grants to CDFIs and qualified nonprofit housing organizations. Capital Magnet Fund awards can be used to finance affordable housing activities, as well as related economic development activities and community service facilities. </p><p> Awardees are required to leverage Capital Magnet Fund awards with other sources of capital. The leveraged amount is required to be at least 10 times the amount of the award. Awardees must commit their Capital Magnet Fund awards for use within two years, and must complete projects within five years. </p><p> <strong>Capital Magnet Fund Interim Impact Assessment Release through 2012</strong> </p><p> <em>Please note that all data are subject to change based upon subsequent reporting.</em><br> <br> </p><ul><li> <a href="/Documents/CMF_Impact_Assessment.pdf" target="_blank">Impact Assessment</a></li></ul><p> <span class="ms-rteBackColor-4">For more information about the Capital Magnet Fund, please visit </span><a href="http://cdfifund.gov/cmf"><span class="ms-rteBackColor-4">www.cdfifund.gov/cmf</span></a><span class="ms-rteBackColor-4">. Additional CDFI Fund data releases and reports can be found at </span><a href="http://cdfifund.gov/research"><span class="ms-rteBackColor-4">www.cdfifund.gov/research</span></a><span class="ms-rteBackColor-4">. </span></p>2014-04-24T04:00:00ZPress Releases94

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