CDFI News

 

 

CDFI Fund Website Services Outage Notification: CIMS3 Unavailable December 20 at 8:00 pm Eastern Time https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=285CDFI Fund Website Services Outage Notification: CIMS3 Unavailable December 20 at 8:00 pm Eastern Time <p>The CDFI Fund will be performing planned system maintenance to deploy updated New Markets Tax Credit Program Low-Income Community data as revised by the 2011-2015 American Community Survey (ACS). As a result, CIMS3 will be unavailable 8:00 p.m.-11:59 p.m Eastern Time on Wednesday, December 20.</p><p>Please contact the IT Help Desk at (202) 653-0422 or AMIS@cdfi.treas.gov prior to the outage date if you have any questions or require more information. We apologize for any inconvenience that this may cause, and appreciate your patience and cooperation.</p> 2017-12-18T05:00:00ZUpdates285
CDFI Fund Releases Application Demand for FY 2017 Round of Capital Magnet Fundhttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=284CDFI Fund Releases Application Demand for FY 2017 Round of Capital Magnet Fund<p>The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the application data for the fiscal year (FY) 2017 round of its Capital Magnet Fund program. A total of 120 organizations headquartered in 38 states and the District of Columbia submitted eligible applications requesting nearly $540 million in funding. 54 percent of the applicants are certified Community Development Financial Institutions (CDFIs), and the remaining 46 percent of the applicants are non-profit affordable housing organizations.</p><p>Through the Capital Magnet Fund, the CDFI Fund competitively awards funds to CDFIs and qualified non-profit housing organizations. These awards can be used to finance affordable housing activities, as well as related economic development activities and community service facilities. The Capital Magnet Fund aims to attract private capital to economically distressed communities, including underserved rural areas. Funding for the Capital Magnet Fund comes from allocations made by the Government-Sponsored Enterprises Fannie Mae and Freddie Mac and varies from year to year. $119.5 million is available for awards for the FY 2017 round.</p><p>The FY 2017 application period closed on August 31, 2017. The CDFI Fund currently expects to announce the awards in early 2018. For more information about the Capital Magnet Fund, visit the CDFI Fund’s website at <a href="/cmf">www.cdfifund.gov/cmf</a>.</p>2017-12-14T05:00:00ZUpdates284
FY 2018 CDFI Bond Guarantee Program Q&A Conference Calls: December 18 & 19, 2017https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=281FY 2018 CDFI Bond Guarantee Program Q&A Conference Calls: December 18 & 19, 2017<p>On November 1, 2017, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2018 application period for the CDFI Bond Guarantee Program. A total of up to $500 million in bond guarantee authority is available to eligible Community Development Financial Institutions (CDFIs) in FY 2018, pending Congressional authorization.</p><p>To provide a forum to applicants of the CDFI Bond Guarantee Program, the CDFI Fund will conduct two one-hour conference calls to answer questions about the application. The calls are not an application workshop or training and no presentation will be given during the calls; only questions from potential applicants will be addressed. </p><p> <b>Conference Call Details</b></p><p>Advance registration is not required to attend. </p><p>Dates and Times: <br> Monday, December 18, 2017 from 3:00 to 4:00 p.m. EST <br> Tuesday, December 19, 2017 from 10:00 to 11:00 a.m. EST</p><p>Call-In Number: 1-877-917-4912 </p><p>Participant Passcode: 4540093 </p><p>The call-in phone number and passcode are the same for both conference calls.</p><p> <b>Learn More</b></p><p>For more information about the CDFI Bond Guarantee Program, please visit www.cdfifund.gov/bond.</p><p>Also available on the CDFI Fund’s website are prerecorded presentations on the CDFI Bond Guarantee Program. These presentations can be found on the CDFI Bond Guarantee webpage at www.cdfifund.gov/bond under the How To Apply section by clicking Step 2: Apply.</p><p> <b>Questions</b></p><p>The last day the CDFI Fund will accept questions regarding the FY 2018 application period for the CDFI Bond Guarantee Program is January 16, 2018, at 11:59 p.m. EST. All questions must be submitted electronically to the program office at <a href="mailto:bgp@cdfi.treas.gov" target="_blank">bgp@cdfi.treas.gov</a>.  </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>2017-12-12T05:00:00ZUpdates281

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