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CDFI Fund Releases Public Data on CDFI Program Awardees Through 2013https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=165CDFI Fund Releases Public Data on CDFI Program Awardees Through 2013<p>The CDFI Fund released today eleven 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 2013. </p><p> The release contains Institution Level Report (ILR) data on 728 CDFIs that have reported to CIIS. In general, these CDFIs have provided information on their operations, financial status, and impact in their communities. A previous data release in 2014 consisted of ILR data on 592 CDFIs that had reported to CIIS from FY 2003 through 2012. </p><p> Additionally, Transaction Level Report (TLR) data was also released to the public detailing how CDFIs provide loans and investments in low-income communities. The data file includes the features and location of over 350,000 individual loans and investments totaling more than $23 billion made by 370 CDFIs. A previous data release in 2014 consisted of TLR data on 339 CDFIs that had reported to CIIS from FY 2003 through 2012. </p><p> <strong>Data Background </strong></p><p> 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 Institution Level Report (ILR) and the Transaction Level Report (TLR). The ILR release includes a total of 203 variables and 3,030 observations describing CDFIs’ profiles, such as the populations and geography areas that a CDFI had served, staffing levels, financial status, and services and training provided. The TLR release includes a total of 50 variables and 406,959 observations detailing CDFIs’ financing activities in an area, including loan or investment structure and location. Documentation of the data is provided in several reports 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> The CDFI Fund’s summary presentation and full data release is available below. </p><p> <a href="/Documents/CDFI%20Snapshot_2013_Final.pptx">CIIS Data Release Snapshot Presentation</a></p><p><strong>Data release includes: </strong></p><ul><li> <a href="/Documents/Final%20FY%202014%20CDFI%20ILR%20Instructions.pdf">CDFI ILR Instructions </a></li><li><a href="/Documents/FINAL%20FY%202014%20TLR%20Entry_Upload%20Instructions.pdf">CDFI TLR Instructions </a></li><li><a href="/Documents/CDFI%20CIIS%20Data%20Documentation.docx">CDFI CIIS Data Documentation </a></li><li><a href="/Documents/releaseILR_fy03_13.csv">Institution Level Report, 2003 -2013 (releaseILR_fy03_13.csv)</a> </li><li><a href="/Documents/releaseTLR_fy03.csv">Transaction Level Report, 2003 (releaseTLR_fy03.csv) </a></li><li><a href="/Documents/releaseTLR_fy04.csv">Transaction Level Report, 2004 (releaseTLR_fy04.csv)</a></li><li><a href="/Documents/releaseTLR_fy05.csv">Transaction Level Report, 2005 (releaseTLR_fy05.csv) </a></li><li><a href="/Documents/releaseTLR_fy06.csv">Transaction Level Report, 2006 (releaseTLR_fy06.csv)</a> </li><li><a href="/Documents/releaseTLR_fy07.csv">Transaction Level Report, 2007 (releaseTLR_fy07.csv)</a> </li><li><a href="/Documents/releaseTLR_fy08.csv">Transaction Level Report, 2008 (releaseTLR_fy08.csv)</a> </li><li><a href="/Documents/releaseTLR_fy09.csv">Transaction Level Report, 2009 (releaseTLR_fy09.csv) </a></li><li><a href="/Documents/releaseTLR_fy10.csv">Transaction Level Report, 2010 (releaseTLR_fy10.csv)</a> </li><li><a href="/Documents/releaseTLR_fy11.csv">Transaction Level Report, 2011 (releaseTLR_fy11.csv) </a></li><li><a href="/Documents/releaseTLR_fy12.csv">Transaction Level Report, 2012 (releaseTLR_fy12.csv) </a></li><li><a href="/Documents/releaseTLR_fy13.csv">Transaction Level Report, 2013 (releaseTLR_fy13.csv) </a> </li></ul>2015-06-30T04:00:00ZUpdates165
CDFI Fund to Hold National Listening Tour on a Community Development Finance "Framework for the Future"https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=164CDFI Fund to Hold National Listening Tour on a Community Development Finance "Framework for the Future"<p>The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today a national listening tour to solicit public opinion regarding a new strategic framework for the CDFI Fund. Intended to foster discussion and engagement among local community development leaders and practitioners, the listening tour will be co-hosted by CDFI Fund Director Annie Donovan alongside the Federal Reserve Bank of San Francisco, Federal Reserve Bank of Kansas City-Denver Branch, Federal Reserve Bank of Chicago, Federal Reserve Bank of New York, and Federal Reserve Bank of Atlanta. </p><p> “I’m excited for the opportunity to hear from communities about what we’re doing well and what the CDFI Fund can do better to support economic growth and access to capital in areas that need it most,” said CDFI Fund Director Annie Donovan. “The CDFI Fund views this listening tour as a unique opportunity for constructive dialogue to support the growth and success of CDFIs and the communities that they serve.” </p><p> The CDFI Fund is particularly interested in hearing input on the following: </p><ul><li> <strong>Program Effectiveness</strong>: Are the CDFI Fund’s programs working optimally for communities? What should be improved and how? </li><li> <strong>Access</strong>: What more can the CDFI Fund do to reach communities that need CDFIs but are either not being served by them or have limited access to CDFI Fund support? </li><li> <strong>Innovation and Scaling</strong>: How can the CDFI Fund best support CDFIs to continue to innovate? What will it take to scale solutions that are known to work? </li><li> <strong>Customer Service</strong>: What works well at the CDFI Fund and what needs to be improved? </li><li> <strong>Data</strong>: How can the CDFI Fund support the use of data to strengthen the industry and increase its impact? </li><li> <strong>Blind Spots</strong>: What are the issues that should be on the CDFI Fund’s radar screen but are not? </li></ul><p> The CDFI Fund will use input from the sessions to help develop strategic objectives that will guide the CDFI Fund over the course of the next several years. </p><p> Participants at each session will include community development experts, thought leaders, and practitioners, including speakers from the Federal Reserve Banks and local CDFIs. </p><p> The listening sessions will be highly interactive. The CDFI Fund specifically encourages the participation of certified CDFIs, community development trade groups and associations, foundations, local and state government entities, and others interested in community economic development. </p><p> For those unable to attend the listening sessions in person, the CDFI Fund has created an online survey, available at <a href="http://www.cdfifund.gov/thenextfiveyears">www.cdfifund.gov/thenextfiveyears</a>. The survey responses will be combined with feedback from the listening session participants and will inform the CDFI Fund’s development of strategic objectives. </p><p> <strong>Listening Tour Dates and Locations </strong></p><p dir="ltr" style="margin-right:0px;"> <strong>Session 1</strong>:  San Francisco, California <br>Date:         Tuesday, July 7, 2015 <br>Time:         9 a.m. – 1 p.m. PDT <br>Location:   Federal Reserve Bank of San Francisco <br>                  101 Market Street <br>                  San Francisco, CA 94105 <br><em>Registration Deadline is 5 p.m. EDT on Tuesday, June 30, 2015. </em> </p><p dir="ltr" style="margin-right:0px;"> <strong>Session 2</strong>:  Denver, Colorado <br>Date:         Wednesday, July 8, 2015 <br>Time:         9 a.m. – 1 p.m. MDT <br>Location:   Federal Reserve Bank of Kansas City - Denver Branch <br>                  1020 16th Street <br>                  Denver, CO 80202 <br><em>Registration Deadline is 5 p.m. EDT on Tuesday, June 30, 2015. </em> </p><p dir="ltr" style="margin-right:0px;"> <strong>Session 3</strong>:  Chicago, Illinois <br>Date:         Friday, July 10, 2015 <br>Time:         9 a.m. – 1 p.m. CDT <br>Location:   Federal Reserve Bank of Chicago <br>                  230 South LaSalle Street <br>                  Chicago, IL 60604 <br><em>Registration Deadline is 5 p.m. EDT on Tuesday, June 30, 2015. </em> </p><p dir="ltr" style="margin-right:0px;"> <strong>Session 4</strong>:  New York, New York <br>Date:         Friday, July 17, 2015 <br>Time:         9 a.m. – 1 p.m. EDT <br>Location:   Federal Reserve Bank of New York <br>                  33 Liberty Street <br>                  New York, NY 10045 <br><em>Registration Deadline is 5 p.m. EDT on Tuesday, July 7, 2015. </em> </p><p dir="ltr" style="margin-right:0px;"> <strong>Session 5</strong>:  Atlanta, Georgia <br>Date:         Thursday, August 6, 2015 <br>Time:         9 a.m. – 1 p.m. EDT <br>Location:   Federal Reserve Bank of Atlanta <br>                  1000 Peachtree Street SE <br>                  Atlanta, GA 30309 <br><em>Registration Deadline is 5 p.m. EDT on Thursday, July 30. </em> </p><p> <strong>Registration Information </strong></p><p>Registration is required and will be honored on a first-come, first-served basis, with a total of 50 seats available per session. All sessions will be held at federally-secured location. Accordingly, a government-issued ID will be required in order to gain entry to the facility. </p><p>To register, please visit: <a href="http://www.cvent.com/events/cdfi-fund-listening-tour-framework-for-the-future-summer-2015/event-summary-3a6ee0d9c1ac46828f2fe042829cfb35.aspx">http://www.cvent.com/events/cdfi-fund-listening-tour-framework-for-the-future-summer-2015/event-summary-3a6ee0d9c1ac46828f2fe042829cfb35.aspx</a>  </p><p>For inquiries regarding the Listening Tour, please contact the CDFI Fund HelpDesk via (202) 653-0421 or <a href="mailto:thenextfiveyears@cdfi.treas.gov">thenextfiveyears@cdfi.treas.gov</a> with the subject line “Listening Tour.” </p>2015-06-22T04:00:00ZUpdates164
Request for Proposals - Minority CDE Training and Technical Assistancehttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=163Request for Proposals - Minority CDE Training and Technical Assistance<p>The Community Development Financial Institutions Fund (CDFI Fund) released today a Request for Proposal for New Markets Tax Credit (NMTC) industry and subject-matter experts to provide group training and individual technical assistance to certified Community Development Entities (CDEs) that meet the CDFI Fund’s definition of Minority CDEs. </p><p> The proposed training would target certified CDEs that are minority-controlled not-for-profit entities, minority-owned for-profit entities, or Minority Depository Institutions (MDIs) to inform them on how they can participate in the NMTC Program. In addition, participants would receive individualized technical assistance. </p><p> The Request for Proposal published today at the <a href="http://www.fbo.gov/">Federal Business Opportunities website </a>requests interested vendors to demonstrate knowledge and expertise of the NMTC Program and underserved/low-income communities, experience deploying capital to NMTC Qualified Active Low Income Community Businesses, and direct experience with the following: </p><ul><li> planning and conducting large-scale training workshops and preparing curriculum related to the NMTC Program; </li><li>working with minority CDEs (including MDIs) that primarily serve minority communities, specifically banks and thrifts; </li><li>delivering technical assistance and/or consulting services to CDEs; working in and deploying capital to NMTC Qualified Active Low Income Community Businesses located in Native areas; </li><li>working with Federal financial institution regulatory agencies and regulatory processes; and </li><li>effectively marketing all training and technical assistance.</li></ul><p> Industry and subject-matter experts are invited to view the Request for Proposal at the <a href="http://www.fbo.gov/">http://www.fbo.gov</a>. Proposals should be submitted to <a href="mailto:purchasing@fiscal.treasury.gov">purchasing@fiscal.treasury.gov</a>, referencing “Proposal - TFSACDF15CI0001, Attn: WGUM/TAYERS” in the subject line, by July 7, 2015. </p><p> To learn more about the NMTC Program, please visit the CDFI Fund’s website at <a href="http://www.cdfifund.gov/nmtc">www.cdfifund.gov/nmtc</a> or view the program’s fact sheet. </p>2015-06-17T04:00:00ZUpdates163
Treasury Announces $3.5 Billion in New Markets Tax Credit Awards to Spur Economic Growth Nationwidehttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=162Treasury Announces $3.5 Billion in New Markets Tax Credit Awards to Spur Economic Growth Nationwide<p>Washington – The U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund) today announced more than $3.5 billion in New Markets Tax Credit awards aimed at stimulating investment and economic growth in low-income urban neighborhoods and rural communities nationwide. A total of 76 organizations (Allocatees) across the country will receive tax credit allocation authority under the 2014 round of the New Markets Tax Credit Program. </p><p> “Every community deserves a chance to succeed, and the New Markets Tax Credit Program is an economic development tool that spurs growth and breathes new life into neglected, underserved low-income communities,” said U.S. Treasury Secretary Jacob J. Lew. “The tax credit allocation authorities announced today will go to community development organizations that will make much needed private sector investments in businesses and real estate projects located in the nation’s distressed urban and rural communities. Along with these investments come jobs, vital services, and opportunities where they are needed the most.”</p><p> “Over its fifteen year history, the New Markets Tax Credit program has successfully fostered competition for private sector investment into low-income communities that lack access to the capital needed to support and grow businesses, create jobs, and sustain healthy local economies,” said Annie Donovan, Director of the CDFI Fund. “The investments made possible by today’s awards will have significant impact nationwide." </p><p> The New Markets Tax Credit Program, established by Congress in December 2000, permits individual and corporate taxpayers to receive a non-refundable tax credit against federal income taxes for making equity investments in vehicles known as Community Development Entities (CDEs). Since the program’s inception, New Markets Tax Credit investments are estimated to have created nearly 600,000 new jobs and supported the construction of more than 160 million square feet of retail, manufacturing, and office space. As the communities benefitting from these investments develop, they become more attractive to investors, creating a ripple effect that spurs more investment. </p><p> CDEs that receive the tax credit allocation authority under the program are domestic corporations or partnerships that provide loans, investments, or financial counseling in low-income urban and rural communities. The tax credit provided to the investor totals 39 percent of the cost of the investment and is claimed over a seven-year period. The CDEs in turn use the capital raised to make investments in low-income communities. CDEs must apply annually to the CDFI Fund to compete for New Markets Tax Credit Program allocation authority. The 76 organizations receiving awards were selected from a pool of 263 applicants that requested approximately $19.9 billion in allocation authority. They are headquartered in 27 different states and the District of Columbia, and collectively, these organizations will support investments across the nation. </p><p> <strong>2014 New Markets Tax Credit Program Award Resources</strong> </p><p> Award Book: View award list and learn key facts and statistics about the Allocatees </p><p> <a href="http://cdfifund.gov/awardees/db/index.asp">Searchable Award Database</a>: View the profiles of individual Allocatees </p><p> <a href="http://cdfifund.gov/impact_we_make/nmtc_state_reports.asp">States Served Map</a>: Explore the service areas of recent Allocatees </p><p>For more information about the New Markets Tax Credit Program, please view the Fact Sheet or visit the CDFI Fund’s website at <a href="http://www.cdfifund.gov/nmtc">www.cdfifund.gov/nmtc</a>. </p><p> <strong>About the CDFI Fund </strong></p><p> Since its creation in 1994, the CDFI Fund has awarded more than $2 billion to CDFIs, community development organizations, and financial institutions through the CDFI Program, the Bank Enterprise Award 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 $43.5 billion in tax credit authority to Community Development Entities through the New Markets Tax Credit Program, and has guaranteed $525 million in bonds through the CDFI Bond Guarantee Program. Learn more about the CDFI Fund and its programs at <a href="http://www.cdfifund.gov/">www.cdfifund.gov</a>. </p>2015-06-15T04:00:00ZPress Releases162
AMIS is Coming!https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=161AMIS is Coming!<p>The Community Development Financial Institutions Fund (CDFI Fund) will soon be implementing a new enterprise-wide Awards Management Information System (AMIS). Beginning August 2015 through the fall of 2016, the CDFI Fund will transition from using the myCDFIFund Portal to using AMIS to track organization and application information. </p><p> AMIS will completely replace the myCDFIFund Portal as well as the systems and services available from the portal. Therefore, all organizations/individuals doing business with the CDFI Fund will be required to use AMIS. CIMS3 and CIIS will not be replaced by the transition to AMIS at this time. </p><p> CDFI Fund applicants, awardees, and allocatees can expect many benefits from AMIS, including online certification and awards applications, easier maintenance of organizational data, enhanced data integration, and a more streamlined process for acceptance of Assistance and Allocation Agreements.</p><p> <strong>Is there anything I need to do now to prepare? </strong></p><p> Current myCDFIFund users will be receiving e-mails soon, asking you to “clean up” and re-validate some of the data/information we have for your organization, as well as other program-specific details. Keep an eye out for this notification, directions, and timeline to complete. </p><p> <strong>Additional questions? </strong></p><p> We are actively developing additional communications to assist you with the transition to AMIS, including training materials such as web-based training and webinars, updates to the website, and a list of frequently asked questions. Keep an eye out for additional communications coming your way! </p><p> Questions regarding AMIS can be submitted to the CDFI Fund IT Help Desk at <a href="mailto:ITHelpDesk@cdfi.treas.gov">ITHelpDesk@cdfi.treas.gov</a>. To learn more about the CDFI Fund and its programs, please visit <a href="http://www.cdfifund.gov/">www.cdfifund.gov</a>. </p>2015-06-10T04:00:00ZUpdates161
CDFI Fund Releases New Markets Tax Credits Public Data for 2003-2013https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=160CDFI Fund Releases New Markets Tax Credits Public Data for 2003-2013<p>The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today released data collected on New Markets Tax Credit (NMTC) investments across the nation through fiscal year (FY) 2013<sup>1</sup>. The CDFI Fund requires all Community Development Entities (CDEs) that have been awarded NMTC allocations to submit an annual report detailing how they invested Qualified Equity Investment (QEI) proceeds in low-income communities. These reports must be submitted to the CDFI Fund by the CDEs, along with their audited financial statements, within six months after the end of their fiscal year. </p><p> The NMTC Program enables economically distressed communities to leverage private investment capital by providing investors with a federal tax credit. All NMTC investments must meet statutory qualifications for their investors to be able to claim the tax credit. The vast majority of NMTC investments are made within statutorily defined “Low-Income Communities.” Low-Income Communities are census tracts with a poverty rate of 20 percent or greater, or a median family income at or below 80 percent of the applicable area median family income. In addition to investments located in Low-Income Communities, investments can qualify for NMTCs by using other statutory provisions designed to target certain areas or populations, including provisions for High-Migration Rural Counties, Low-Income Targeted Populations, and Gulf Opportunity Zone Targeted Populations. </p><p> Through the first 11 application rounds of the NMTC Program, the CDFI Fund has made 836 awards, allocating a total of $40 billion in tax credit authority to CDEs through a competitive application process. This $40 billion includes $3 billion in Recovery Act allocations and $1 billion of special allocation authority to be used for the recovery and redevelopment of the Gulf Opportunity Zone. </p><p>CDEs are required to report their NMTC investments in the CDFI Fund’s Community Investment Impact System (CIIS) for a period of seven years. Due to a time lag in reporting, NMTC investments reported in CIIS are less than the total amount allocated for the NMTC Program. </p><p> <strong>Related Documents</strong></p><ul><li> <a href="/Documents/NMTC%20Data%20Release%202003-2013%20Summar%20Report.pdf">New Markets Tax Credit Public Data Release: 2003-2013 Summary Report </a></li><li><a href="/Documents/FY%202014%20NMTC%20Public%20Data%20Release%20Data%20Table.xls">New Markets Tax Credit Public Data Release: 2003-2013 Data Table </a> </li></ul><p><span class="ms-rteFontSize-1"><sup>1</sup>The data represented was submitted by allocatees prior to September 30, 2014. Allocatees are given an additional 6 months after the end of their fiscal year to submit their annual report to the Fund, therefore the data submitted by September 30, 2013 represents nearly all investments for FY 2013. </span></p>2015-06-02T04:00:00ZUpdates160

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