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Register for FY 2017 CDFI Bond Guarantee Program Workshophttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=243Register for FY 2017 CDFI Bond Guarantee Program Workshop<p>The CDFI Fund and the Office of the Comptroller of the Currency will co-sponsor one (1) two-day workshop for potential applicants pertaining to the CDFI Bond Guarantee Program’s fiscal year (FY) 2017 Qualified Issuer and Guarantee Application requirements. Specifically, the workshops will review the CDFI Bond Guarantee Program’s structure and include in-depth discussions on the following topics:</p><ul><li><p>Roles of the Qualified Issuer, Program Administrator, and Servicer; </p></li><li><p>Program eligibility;</p></li><li><p>Certification, capitalization, and structuring requirements of the Alternative Financing Structure;</p></li><li><p>Capital Distribution Plan requirements;</p></li><li><p>Secondary Loan Requirements;</p></li><li><p>Program costs;</p></li><li><p>Qualified Issuer and Guarantee Application review processes;</p></li><li><p>Rural Infrastructure;</p></li><li><p>Credit Enhancements;</p></li><li><p>Post-issuance reporting requirements; and </p></li><li><p>Compliance-related responsibilities and activities.</p></li></ul> <p>Attendees will be provided ample opportunity to ask the CDFI Fund staff questions, and receive clarification about workshop material. As the workshops will be held in secure federal building, registration is required. The workshop is free of charge; however, due to limited space, registration will be honored on a first come, first served basis. Up to fifty (50) potential applicants may attend.</p><blockquote dir="ltr" style="margin-right:0px;"><p>WHAT: CDFI Bond Guarantee Program’s FY 2017 Qualified Issuer and Guarantee Application Workshop </p><p>WHEN: February 22, 2017 – Introduction to the CDFI Bond Guarantee Program General Recourse Secured Structure and Application Overview; and Qualified Issuer Application and Evaluation Process. </p><p>& </p><p>February 23, 2017 – CDFI Bond Guarantee Program General Recourse Secured and Alternative Financing Structures Application Overview; Financing in Rural Communities and the Rural Infrastructure Lending Asset Class.</p><p>TIME: 9:00 a.m. to 4:30 p.m. There is a 90 minute break for lunch. Lunch is on your own.</p><p>WHERE: Office of the Comptroller of the Currency <br> 400 7th Street, SW <br> Washington, DC 20219 <br> Conference Rooms A & B</p><p>REGISTER: <a href="http://www.cvent.com/events/cdfi-fund-outreach-workshop/event-summary-bc4df997602441e8be38e504cbdb698e.aspx" target="_blank">Registration for the application workshop is available here </a>and on the CDFI Fund’s website at <a href="http://www.cdfifund.gov/bond" target="_blank">www.cdfifund.gov/bond</a>, under Step 2: How to Apply.</p></blockquote><p>For interested parties unable to attend the in-person application workshops, the presentation materials will be posted to the CDFI Fund’s website, <a href="http://www.cdfifund.gov/bond" target="_blank">www.cdfifund.gov/bond</a>, following each event.</p><p> <b>Questions</b></p><p>For more information about the CDFI Bond Guarantee Program, please visit <a href="http://www.cdfifund.gov/bond" target="_blank">www.cdfifund.gov/bond</a>, or email the Help Desk at <a href="mailto:bgp@cdfi.treas.gov" target="_blank">bgp@cdfi.treas.gov</a>. </p><p> <b>Reasonable Accommodations</b></p><p>Requests for reasonable accommodations under Section 504 of the Rehabilitation Act should be directed to Michael Jones at <a href="mailto:jonesm@cdfi.treas.gov" target="_blank">jonesm@cdfi.treas.gov</a>.   </p>2017-01-26T05:00:00ZUpdates243
Update for 2017 CDFI Bond Guarantee Program Applicants: Application Workshop and Deadlineshttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=242Update for 2017 CDFI Bond Guarantee Program Applicants: Application Workshop and Deadlines<p>To prepare potential applicants for the fiscal year (FY) 2017 round of the CDFI Bond Guarantee Program, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has announced that it will conduct one (1) two-day workshop for potential applicants on February 22 & 23, 2017 at the Office of the Comptroller of the Currency, 400 7th Street, SW, Washington, DC 20219. </p><p>The workshop will expand the CDFI industry’s knowledge of the CDFI Bond Guarantee Program and will provide information about the application process, including the review and evaluation of applications. It will cover the following topics: Introduction to the CDFI Bond Guarantee Program, General Recourse-Secured Structure, Case Study, and Applications Overview. In addition, certification, capitalization, and structuring requirements for Qualified Issuers that wish to use an alternative financing structure during the FY 2017 round of the program will be covered. Specifically, the workshop will include an in-depth discussion of the financial structure of the program, including: </p><ul><li>Roles of the Qualified Issuer, Program Administrator, and Servicer; </li><li>Certification, capitalization, and structuring requirements of the Alternative Financing Structure;</li><li>Capital Distribution Plan requirements;</li><li>Eligible CDFI and Secondary Loan Requirements;</li><li>Costs of the CDFI Bond Guarantee Program;</li><li>Review processes for the Qualified Issuer and Guarantee Applications;</li><li>Reporting; and</li><li>Compliance-related activities. </li></ul><p>Attendees of the workshop will have the opportunity to ask the CDFI Fund staff questions and receive clarification about the topics covered in the workshop.</p><p>Prospective program participants and certified CDFIs are strongly encouraged to attend the workshops. In addition, the CDFI Fund encourages the participation of community development trade groups and associations, and others interested in community economic development finance.</p><p><b>Registration</b></p><p>As the workshop will be held in a secure federal building, registration is required. The workshops are free of charge; however, due to limited space, registration will be honored on a first come, first served basis. Up to fifty (50) potential applicants may attend. The CDFI Fund will release information on how to register for the workshop by January 24, 2017. </p><p>For interested parties unable to attend the in-person application workshop, the presentation materials will be posted to the CDFI Fund’s website, <a href="http://www.cdfifund.gov/bond" target="_blank">www.cdfifund.gov/bond</a>.  </p><p><b>Questions</b></p><p>Questions about the workshops can be directed to the CDFI Fund’s CDFI Bond Guarantee Program Help Desk at <a href="mailto:bgp@cdfi.treas.gov">bgp@cdfi.treas.gov</a> or (202) 653-0421, option 5. Learn more about the CDFI Bond Guarantee Program at <a href="http://www.cdfifund.gov/bond" target="_blank">www.cdfifund.gov/bond</a> or by viewing the program’s <a href="/Documents/CDFI7205_FS_BOND_updatedJan2016.pdf" target="_blank">fact sheet</a>.</p> 2017-01-18T05:00:00ZUpdates242
Preparing for the FY 2017 CDFI Program and NACA Program Application Roundhttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=241Preparing for the FY 2017 CDFI Program and NACA Program Application Round<p>The Community Development Financial Institutions Fund (CDFI Fund) is tentatively planning to open the fiscal year (FY) 2017 round of the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) in mid-February, 2017. </p><p>There are significant changes to the FY 2017 application from last year. To help potential applicants prepare as much as possible in advance of the publication of the Notice of Funding Availability (NOFA) in the Federal Register, the CDFI Fund has posted <a href="/programs-training/Programs/cdfi-program/Pages/apply-step.aspx#step2" target="_blank">draft versions of the FY 2017 applications to its website</a>. These versions are similar to the applications<a href="/news-events/news/Pages/news-detail.aspx?NewsID=220" target="_blank"> released for public comment </a>in 2016. Applicants should note that additional changes may still be made to the applications, and that a final version will be made available when the NOFAs are released. Applicants should not use the draft applications to complete their final application submission. <strong> The CDFI Fund will not review any draft application materials that are included in an applicant’s final application submission.</strong></p><p> <b>Save the Date: Application Workshops</b></p><p>The CDFI Fund will provide FY 2017 CDFI Program and NACA Program Application Workshops at its offices in Washington, DC on February 27, 2017, and March 1, 2017. The schedule for the Washington, DC trainings is below:</p><ul><li><p>February 27, 2017, 9:00 a.m. – 12:00 p.m. ET: Financial Assistance Workshop</p></li><li><p>February 27, 2017, 9:00 a.m. – 12:00 p.m. ET: Technical Assistance Workshop</p></li><li><p>February 27, 2017, 2:00 p.m. – 5:00 p.m. ET: Financial Assistance Workshop</p></li><li><p>February 27, 2017, 2:00 p.m. – 5:00 p.m. ET: Technical Assistance Workshop</p></li><li><p>March 1, 2017, 2:00 p.m. – 5:00 p.m. ET: Financial Assistance and Technical Assistance Joint Workshop</p></li></ul><p> <i>*The CDFI Fund may combine the Financial Assistance and Technical Assistance workshops held on February 27, 2017 if attendance does not support separate sessions.</i></p><p>The CDFI Fund may host additional in-person application workshops later in March 2017. More information about all of the workshops, including registration information, will be provided when the NOFA is released. </p><p> <b>Reminder: AMIS, Grants.gov, and SAM.gov Accounts</b></p><p>It is recommended that applicants take available time before the application period opens to confirm that their 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 applications materials for the CDFI Program and NACA Program 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/CDFIFundAMIS-QuickStartGuide.pdf?v=1" target="_blank">AMIS Quick Start Guide </a>provides guidance for first-time users on how to create an AMIS account. Please see the NOFAs when they are released for more information on submitting the CDFI Program and NACA Program applications.</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 each program when the NOFA is released. </p><p> <b>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.</b></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 Grant.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>To learn more about the CDFI Program and NACA Program, visit <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>. Any questions can be directed to the Help Desk at <a href="mailto:cdfihelp@cdfi.treas.gov">cdfihelp@cdfi.treas.gov</a> or by calling (202) 653-0421.</p>2017-01-17T05:00:00ZUpdates241
A Public Meeting of the CDFI Fund's Advisory Board will be Held on January 30, 2017 Via Telephonehttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=240A Public Meeting of the CDFI Fund's Advisory Board will be Held on January 30, 2017 Via Telephone<p>The next meeting of the Community Development Advisory Board (the Advisory Board), which provides advice to the Director of the Community Development Financial Institutions Fund (CDFI Fund), will be from 2:00 to 3:00 p.m. Eastern Standard Time on Monday, January 30, 2017. The meeting will be conducted via telephone.</p><p>The Advisory Board meeting will include (i) a presentation to the Advisory Board by an Advisory Board subcommittee on a plan to promote the knowledge and utilization of the Access to Capital and Credit in Native Communities report and (ii) deliberation on the recommendations therein. Public participation will be limited to 50 individual phone lines. Notification of intent to attend the meeting must be made via email to advisoryboard@cdfi.treas.gov. The CDFI Fund will send confirmation of attendance and instructions on accessing the meeting to the first 50 individuals who submit notifications of intent.</p><p>Participation in the discussions at the meeting will be limited to Advisory Board members and Department of the Treasury staff. Anyone who would like to have the Advisory Board consider a written statement must submit it by 5:00 p.m. Eastern Standard Time on Monday, January 23, 2017. Send paper statements to Bill Luecht, Senior Advisor, Office of Legislative and External Affairs, CDFI Fund, 1500 Pennsylvania Avenue, NW, Washington, DC 20220. Send electronic statements to <a href="mailto:advisoryboard@cdfi.treas.gov">advisoryboard@cdfi.treas.gov</a>. </p><p>For further information, contact Bill Luecht by email at <a href="mailto:advisoryboard@cdfi.treas.gov">advisoryboard@cdfi.treas.gov</a> or by calling (202) 653-0322 (this is not a toll free number).</p> <b>Related Links:</b> <ul><li><p><a href="https://s3.amazonaws.com/public-inspection.federalregister.gov/2017-00649.pdf" target="_blank">Meeting Notice</a></p></li></ul> 2017-01-12T05:00:00ZUpdates240
CDFI Fund Opens Waitlist for Minority CDE Training and Technical Assistance Initiativehttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=239CDFI Fund Opens Waitlist for Minority CDE Training and Technical Assistance Initiative<p>The Community Development Financial Institutions Fund (CDFI Fund) has contracted with National Community Investment Fund (NCIF) to provide group training and individual technical assistance to <a href="#css">Minority Community Development Entities</a> (Minority CDEs). The purpose of the training and subsequent technical assistance is to ensure full understanding of how Minority CDEs can participate in the New Markets Tax Credit Program (NMTC Program) and to address identified challenges and needs Minority CDEs may face with such participation.</p><p>Under the terms of this contract, Minority CDEs who applied in any of the 2012-2016 NMTC Application rounds were invited to participate in this training and technical assistance in October 2016. The CDFI Fund has opened a waitlist for other Minority CDEs that would like to participate in this training initiative. Under this contract, the CDFI Fund is offering the following:</p><ul><li><p>Up to four workshops for group training</p></li><li><p>Up to 25 one-on-one technical assistance trainings</p></li></ul><p>Minority CDEs on the waitlist need to complete an eligibility survey. If eligible, Minority CDEs are to complete the CDE Information Form with detailed information about past applications, awards and CDE structure. In order to be eligible to participate in a group-training workshop in early 2017, Minority CDEs selected to participate must complete a Training and Technical Assistance Curriculum Intake Form at a later time. It is highly recommended that individuals completing the CDE Information Form are the Authorized Representatives of the Minority CDE. Participation in a training workshop (dates to be determined) is a prerequisite for the CDFI Fund to consider Minority CDEs for one-on-one technical assistance.</p><p>Minority CDEs interested in registering for the wait list should go to the following website:<br><a href="http://ncif.org/inform/mcde-training-and-technical-assistance-initiative" target="_blank">http://ncif.org/inform/mcde-training-and-technical-assistance-initiative</a>.  </p> <br> <hr width="200" align="left" /> <footer> <ol><li id="css"> <i>CDEs which meet the CDFI Fund’s definition of Minority-Owned or Minority-Controlled.</i></li></ol> </footer> 2017-01-09T05:00:00ZUpdates239
CDFI Fund Seeks Public Comment on NMTC Program Allocation Application https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=238CDFI Fund Seeks Public Comment on NMTC Program Allocation Application <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 take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Pub. L. No. 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 New Markets Tax Credit Program (NMTC Program) Allocation Application. The request for comment was published today in the Federal Register. </p><p>The U.S. Department of the Treasury, through the CDFI Fund, Internal Revenue Service, and the Office of Tax Policy, administers the NMTC Program. In order to claim the New Markets Tax Credit, taxpayers make Qualified Equity Investments (QEIs) in Community Development Entities (CDEs) and substantially all of the QEI proceeds must, in turn, be used by the CDE to provide investments in businesses and real estate developments in low-income communities and other purposes authorized under the statute.</p><p>The application under review is part of the award selection process for the allocation of tax credit authority to CDEs. The Allocation Application has five main sections: Business strategy – Community Outcomes; Management Capacity; Capitalization Strategy; and Information Regarding Previous Awards – in addition to an Applicant Information section and various tables.</p><p>Please note that comments are being requested on changes to be made to the calendar year (CY) 2018 Allocation Application and would not be implemented in the CY 2017 round. Specifically, comments are invited on: (a) whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency’s estimate of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; (d) ways to minimize the burden of the collection of information on respondents, including through the use of technology; and (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services required to provide information. </p><p>All comments must be received by March 10, 2017 and must be submitted in writing and sent to Robert Ibanez, NMTC Program Manager, Community Development Financial Institutions Fund, U.S. Department of the Treasury, 1500 Pennsylvania Avenue, NW, Washington, DC 20220; by e-mail to <a href="mailto:nmtc@cdfi.treas.gov" target="_blank">nmtc@cdfi.treas.gov</a>; or by facsimile to (202) 508-0084. Please note that this is not a toll-free number. </p><p>For more information about the NMTC Program, please visit <a href="http://www.cdfifund.gov/nmtc" target="_blank">www.cdfifund.gov/nmtc</a>, or view our <a href="/Documents/NMTC%20Fact%20Sheet_Jan2016v2.pdf" target="_blank">factsheet</a>.</p><p><b>Related Documents </b></p><ul><li><p><a href="/Documents/NMTC%20Application%20PRA%20FR%20Notice%20010417.pdf" target="_blank">Federal Register Notice </a></p></li><li><p><a href="/Documents/2018%20NMTC%20Allocation%20Application%20(Final%20Version)%20v2.pdf" target="_blank">For Comment: NMTC Program Allocation Application</a> </p></li></ul> 2017-01-05T05:00:00ZUpdates238
CDFI Fund Seeks Comments on CDFI Certification Requirementshttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=237CDFI Fund Seeks Comments on CDFI Certification Requirements<p>The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) is seeking comments from the general public, including Community Development Financial Institutions (CDFIs), community development practitioners and investors, and other federal agencies, on the requirements to achieve and maintain certification as a CDFI. The Request for Information (RFI) will be published in the Federal Register later this week. </p><p>Since the CDFI Fund was established in 1994 and the first CDFIs certified in 1997, the universe of certified CDFIs has grown to more than 1,000—with collective assets totaling more than $100 billion and headquarters in all fifty states and several territories. With this RFI, the CDFI Fund is embarking on a holistic review of its CDFI certification tests to ensure they accurately reflect and assess the evolving diversity of Community Development Financial Institutions and the communities they serve.</p><p>During the past two decades, the significance of CDFI certification has increased. Not only does certification make an entity eligible for various programs at the CDFI Fund, it has also begun to serve as a qualifier to access certain other Federal government programs. It is important to emphasize that the CDFI Fund does not operate in a regulatory capacity. However, as CDFI access to programs outside of the CDFI Fund’s purview continues to expand, it is important to ensure that certification continues to accurately verify an organization’s commitment to a community development mission.</p><p>The RFI seeks feedback from the public on certain aspects of the certification criteria and process. These include how the primary mission test should be met; what the criteria should be for serving Investment Areas and Targeted Populations; and how a CDFI should demonstrate accountability to its Target Market, among other topics. </p><p>The CDFI Fund intends to consider the feedback received through this RFI as it reexamines its current CDFI certification criteria. In order to be considered, all comments must be submitted in writing by 60 days after the date of publication of the Federal Register notice to David Meyer, Certification, Compliance Monitoring and Evaluation (CCME) Manager, CDFI Fund, at cdfihelp@cdfi.treas.gov.</p><p><b>Related Materials</b></p><ul><li><p><a href="/Documents/CDFI%20Certification%20Request%20for%20Information%20FR%20Word%20010317.pdf" target="_blank">Federal Register Notice</a></p></li></ul> 2017-01-04T05:00:00ZUpdates237

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