CDFI News

 

 

Request for Public Comment on CIIS Annual Reportshttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=256Request for Public Comment on CIIS Annual Reports<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 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 Institutions CDFI Program (CDFI Program) and New Markets Tax Credit Program (NMTC Program) Annual Report including the Community Investment Impact System (CIIS).</p><p>The Annual Reports capture quantitative information from Community Development Financial Institutions (CDFI) and Community Development Entities (CDE) at the institution and transaction levels. This information is used to assess the organizations’ use of their awards and overall compliance with the terms and conditions of the assistance or allocation agreements entered into with the CDFI Fund. </p><p>Comments are invited on all aspects of the information collections, but commentators should review the Federal Register notice for particular areas of interest. Comments must be submitted via email to Greg Bischak, Program Manager for Financial Strategies and Research, CDFI Fund, at cdfihelp@cdfi.treas.gov by June 26, 2017. </p><p>Please note that next year the CDFI Fund plans to integrate the CIIS data collection into the CDFI Fund’s Awards Management Information System (AMIS). It is anticipated that the transition to AMIS will result in streamlining of the CIIS data collections and a reduction of reporting burden. The CDFI Fund will publish a new request for public comment at that time to solicit feedback on the proposed revisions and potential effects on reporting burdens.</p><p>View the Federal Register notice below for more information. To learn more about the CDFI Fund and its programs, please visit www.cdfifund.gov. </p><p><b>Related Materials</b></p><ul><li><p><a href="/Documents/CIIS%20PRA%20FR%202017-08454.pdf" target="_blank">Federal Register Notice</a></p></li></ul> 2017-04-27T04:00:00ZUpdates256
Preparing for the 2017 Capital Magnet Fund Application Roundhttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=257Preparing for the 2017 Capital Magnet Fund Application Round<p>The Community Development Financial Institutions Fund (CDFI Fund) is tentatively planning to open the fiscal year (FY) 2017 round of the Capital Magnet Fund in June 2017. For this award round, the CDFI Fund estimates that up to $120 million will be available for Capital Magnet Fund awards. The Capital Magnet Fund supports financing for the development, rehabilitation, preservation, or purchase of affordable housing for economically distressed communities, as well as related economic development projects and community service facilities such as workforce development centers and health care clinics. </p><p>Last year, the CDFI Fund awarded $92.47 million in Capital Magnet Fund awards to 32 organizations. These investments are projected to result in approximately 17,000 affordable rental and homeownership housing units, more than 17,000 jobs, and more than $2.2 billion in private investment in affordable housing and economic development activities. Additionally, 28 percent of recipients plan to invest the majority of their award in non-metropolitan areas, and at least 36 states and the District of Columbia will be served by these awards. </p><p>To help potential applicants prepare as much as possible in advance of the publication of the FY 2017 Notice of Funding Availability (NOFA) in the Federal Register, the CDFI Fund will be providing updated information, educational opportunities, and guidance on the Capital Magnet Fund over the next several weeks. </p><p> <b>Refresh Your Memory</b></p><p>The CDFI Fund maintains a robust amount of information on the Capital Magnet Fund on its website at <a href="http://www.cdfifund.gov/cmf" target="_blank">www.cdfifund.gov/cmf</a>. There, you can find information about the purpose of the program, review guidance materials for previous application rounds, and discover the long-term impact of Capital Magnet Fund awards by reading the <a href="/Documents/CMF_Impact_Assessment.pdf" target="_blank">Capital Magnet Fund Interim Impact Assessment Report</a>. </p><p>The CDFI Fund recommends potential applicants for the upcoming FY 2017 round review the <a href="/Documents/Capital%20Magnet%20Fund%20Statute.pdf" target="_blank">Capital Magnet Fund's authorizing statute</a> in particular to learn more about the program. </p><p> <b>Ask Questions</b></p><p>The CDFI Fund will hold an informational conference call on <b>May 10, 2017</b> to provide an overview of the Capital Magnet Fund program and answer initial questions. CDFI Fund staff will provide a basic outline of the program’s structure and requirements to help organizations learn more about the program. </p><p><b>Capital Magnet Fund Conference Call</b><br> <i>Advance registration is not required to attend.</i> <br> Date: May 10, 2017<br> Time: 3:00-4:00 p.m. EDT<br> Call: 1-888-469-1577<br> Passcode: 1415620</p><p>This call is <b>not</b> an application workshop or training. More information regarding the FY 2017 Capital Magnet Fund application will be available when the NOFA is released later this year.</p><p> <b>Reminder: AMIS, Grants.gov, and SAM.gov Accounts</b></p><p>It is recommended potential applicants take ample time before the application period opens to confirm that required accounts are all up-to-date. </p><ul><li><p> <b>AMIS:</b> The CDFI Fund’s Awards Management Information System (AMIS) is an enterprise-wide business system developed to replace a number of legacy systems and to serve as a modern platform to eventually support all CDFI Fund programs through each phase of the programs’ life cycle.</p><p>All Applicants must use AMIS to create, complete, and submit application materials for the Capital Magnet Fund this year. First-time AMIS users may want to create an AMIS account in preparation for the application release. The <a href="https://amis.cdfifund.gov/s/Training" target="_blank">AMIS Quick Start Guide</a> provides guidance for first-time users on how to create an AMIS account. Please see the NOFA when it is released for more information on submitting the Capital Magnet Fund application in AMIS.</p></li><li><p> <b>Grants.gov:</b> In addition to the application materials submitted through AMIS, all Applicants are required to submit a SF-424 electronically through Grants.gov. The SF-424 will be found in Grants.gov under the funding opportunity number for the program when the NOFA is released.</p><p> Applicants that do not submit an SF-424 electronically through Grants.gov by the stated deadline will not be eligible to submit application materials in AMIS.</p></li><li><p> <b>SAM.gov:</b> In order to submit the necessary SF-424 form via Grants.gov, Applicants must have an active System for Awards Management (SAM) account. Each Applicant is advised to first make sure its SAM.gov account is active and valid before beginning its preparation of the other Application materials in Grants.gov or AMIS. First time Applicants may need to create SAM.gov or Grants.gov accounts. Applicants with existing SAM.gov accounts should check to make sure their accounts are active and up-to-date as these accounts may expire. Applicants should allow ample time to complete the entire registration and submission process well in advance of the application deadline. The SAM.gov website is <a href="http://www.sam.gov/" target="_blank">www.SAM.gov</a>. </p></li></ul><p>  <b>Learn More</b></p><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> or view the <a href="/Documents/CMF%20Fact%20Sheet%20Apr2017_vfinal2.pdf" target="_blank"> program’s fact sheet</a>. More information about the CDFI Fund’s other programs and the impact of community development organizations across the country can be found at <a href="http://www.cdfifund.gov/" target="_blank">www.cdfifund.gov</a>. </p>2017-04-27T04:00:00ZUpdates257
Update for CDFI Program and NACA Program Applicants: AMIS Application Now Availablehttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=253Update for CDFI Program and NACA Program Applicants: AMIS Application Now Available<p>The electronic applications for the fiscal year (FY) 2017 round of the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) are now available in the Community Development Financial Institutions Fund’s (CDFI Fund) Awards Management Information System (AMIS). </p><p>The CDFI Fund will be providing a comprehensive instruction manual to help guide applicants through the technical aspects of using AMIS to complete their applications. The “AMIS Training Manual for CDFI and NACA Program Applications” will be available on the CDFI Fund’s website in the coming days. </p> <p>The CDFI Fund has also posted to its website additional guidance documents, including Frequently Asked Questions (FAQs), FA and TA Evaluation Process Documents, and an updated Pre-Application Quick Start Guide. All of the 2017 application guidance documents and materials are available on the CDFI Fund’s website, <a href="http://www.cdfifund.gov/cdfi" target="_blank">www.cdfifund.gov/cdfi</a>, under Step 2: Apply and <a href="http://www.cdfifund.gov/native" target="_blank">www.cdfifund.gov/native</a>, under Step 2: Apply. </p><p> <b>Reminder about Deadlines</b></p><ul><li><p>The deadline for submitting the SF-424 through Grants.gov for the FY 2017 application round was <b>March 24, 2017.</b> If an organization that did not meet the SF-424 deadline submits an AMIS application, the CDFI Fund will not review any of the material submitted in AMIS, and the application will be deemed ineligible. For more details, please see the <a href="/Documents/FY%202017%20CDFI%20Program%20NOFA_vFR%20final.pdf" target="_blank">CDFI Program NOFA</a> and the <a href="/Documents/FY%202017%20NACA%20Program%20NOFA_vFR%20final.pdf" target="_blank">NACA Program NOFA</a>.</p></li><li><p>The deadline for submission of the CDFI Program and NACA Program applications through AMIS is 11:59 p.m. ET on <b>Friday, April 28, 2016.</b> </p></li><li><p>The CDFI Fund will stop taking questions about the application at 5:00 p.m. ET on Wednesday, <b>April 26, 2016.</b> </p></li></ul><p>Please view the CDFI Fund’s website at <a href="http://www.cdfifund.gov/cdfi" target="_blank">www.cdfifund.gov/cdfi</a> and <a href="http://www.cdfifund.gov/native" target="_blank">www.cdfifund.gov/native</a> for full details about the CDFI Program and NACA Program and how to apply to the FY 2017 application round. Please direct any questions to the CDFI Program and Native Initiatives Help Desk at (202) 653-0421 (Option 1) or <a href="mailto:cdfihelp@cdfi.treas.gov">cdfihelp@cdfi.treas.gov</a>.</p>2017-04-03T04:00:00ZUpdates253

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