|CDFI Fund Releases "Financing Community Health Centers" Webinar Schedule||https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=159||CDFI Fund Releases "Financing Community Health Centers" Webinar Schedule||<p>Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released the schedule of the five free webinars that will be provided as part of the Capacity Building Initiative’s “Financing Community Health Centers” series. The technical assistance webinars, held between May 2015 and July 2015, will provide Community Development Financial Institutions (CDFIs) with best practices on successful financing from leading experts in the field. </p><p>
The CDFI Fund launched the “Financing Community Health Centers” series in February 2013 to build the capacity of CDFIs to successfully finance and provide services to community health centers in underserved communities. The free webinars are designed to maximize the reach of this important capacity building for the CDFI industry. The webinars will cover topical content developed by community health center financing experts. </p><p>
The five upcoming webinars are: </p><ul><li>
<strong>Identifying the Risks of Health Center Lending </strong>(Wednesday, June 3, 2015, 2 p.m. EDT): This webinar examines the differences between failed or failing health centers and their more successful counterparts, shedding light on the factors that may contribute to health center failure. This analysis seeks to provide lenders with the insight necessary to determine the potential early warning signs of future financial distress when underwriting health center loan requests—whether for capital project financing, working capital, or growth capital. </li></ul><ul><li><strong>Leveraging HRSA Capital Grants through a NMTC Structure </strong>(Monday, June 8, 2015, 2 p.m. EDT): This webinar will present the “Dos and Don’ts” of Leveraging Health Resources Service Administration (HRSA) Capital Grants through a New Markets Tax Credit Structure. The session will review HRSA approval requirements that health centers must obtain when using HRSA capital grants. It will also discuss how to structure HRSA grants with bridge loans and align the HRSA approval process with a typical NMTC closing process. </li></ul><ul><li><strong>Navigating Online Community Health Center (CHC) Data Resources for Market Needs Assessments </strong>(Thursday, June 18, 2015, 2 p.m. EDT): This webinar will help CDFIs navigate the online resources available to assess market needs for CHC services. We will look at sources detailing local conditions and needs, as well as sources for individual, state-wide and national CHC data, enabling comparisons to broader norms as well as local competition. </li></ul><ul><li><strong>Changing Revenue Landscapes for CHCs </strong>(Tuesday, June 23, 2015, 2 p.m. EDT): This webinar will cover topics related to the changing revenue landscape for community health centers. What's happening with grants to care for uninsured patients? What’s happening with Medicaid expansion? What is the potential impact of ongoing health care reform initiatives? Join us to have these and other questions answered related to revenue changes for CHCs. </li></ul><ul><li><strong>Updated Financial and Operating Metrics and Trends </strong>(Tuesday, July 7, 2015, 2 p.m. EDT): This webinar will cover health center financial and operating metrics and trends from 2010 – 2013, for use in loan underwriting. The session will allow CDFIs to gain a greater understanding of the sector’s key benchmarks and trends during this critical period of health system transformation. </li></ul><p>
The "Financing Community Health Centers" webinars are free and open to the general public, but advanced registration is required to access the presentation. Registration may be completed up until the start time listed for each individual session. <a href="http://ofn.org/financing-community-health-centers">Click here to register</a>. </p><p>
<strong>Resource Bank </strong></p><p>
Completed webinars will be archived and added to the “Financing Community Health Centers” Resource Bank available on the CDFI Fund’s website. Additional training and reference materials are also available in the Resource Bank. <a href="http://cdfifund.gov/what_we_do/Financing_Community_Health_Centers_Resource_Bank.asp">Visit the Resource Bank here</a>.
</p><p><strong>Reasonable Accommodations </strong></p><p>
Requests for reasonable accommodations under section 504 of the Rehabilitation Act should be directed to Michael Jones at the CDFI Fund via (202) 653-0300 or <a href="mailto:IThelpdesk@cdfi.treas.gov">IThelpdesk@cdfi.treas.gov</a> no later than 72 hours in advance of the event.
To learn more about the “Financing Community Health Centers” series and the other training series available under the Capacity Building Initiative, please visit <a href="http://www.cdfifund.gov/cbi">www.cdfifund.gov/cbi</a>.
|CDFI Fund Announces Innovation Challenge||https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=158||CDFI Fund Announces Innovation Challenge||<p>Building upon the Community Development Financial Institutions Fund’s (CDFI Fund) commitment to increasing financial services in underserved areas of the United States, CDFI Fund Director Annie Donovan announced yesterday that the CDFI Fund is requesting proposals for new and innovative ways of expanding services in low-income and distressed communities. </p><p>
Director Donovan announced the CDFI Fund’s “Request for Proposals for a CDFI Fund Innovation Challenge” (Innovation Challenge) at the CDFI Fund’s Community Development Advisory Board Meeting on May 20, 2015. The goal of the Innovation Challenge is to finance the development of a method, model, tool, or product that Community Development Financial Institutions (CDFIs) can use to build capacity to expand CDFI investments in underserved target markets, especially those that are in rural areas.</p><p>
“While hundreds of CDFIs across the nation are increasing access to capital and affordable financial services for underserved areas every day, the fact remains that there are still challenges to providing and receiving these services in many parts of our country,” said Director Donovan. “The CDFI Fund, therefore, intends for the Innovation Challenge to help uncover and highlight new, innovative, and successful approaches that work to ensure that even residents of the most underserved areas in our nation can access vital financial products and services to help their families, communities, and local economies thrive and grow.” </p><p>
Through the Innovation Challenge, the CDFI Fund will select a contractor(s) to conceptualize, propose, develop, and demonstrate new and innovative methods that will increase the capacity of CDFIs to provide financial products, financial services, and/or development services associated with financial products and financial services in target markets. Based on the responses received, either a single or multiple contract(s) may be awarded. </p><p>
For full details about the Request for Proposals, including the scope of work, contractor and key personnel qualifications, and instructions on how to submit questions and a proposal for consideration, interested Offerors should go to <a href="http://www.fedbizopps.gov/">http://www.fedbizopps.gov</a> and enter solicitation number TFSACDF15CI0002 into the key word/solicitation # field. Interested Offerors may register in <a href="http://www.fedbizopps.gov/">http://www.fedbizopps.gov </a>to receive notifications along with any amendments that are issued about this procurement. </p><p>
To learn more about the CDFI Fund and its programs, please visit <a href="http://www.cdfifund.gov/">www.cdfifund.gov</a>.
|CDFI Fund Releases Application Demand for the FY 2013 NACA Program Funding Round||https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=138||CDFI Fund Releases Application Demand for the FY 2013 NACA Program Funding Round||<p class="body">
<b>Washington, DC</b>— The U.S. Department of the Treasury's Community Development
Financial Institutions Fund (CDFI Fund) released today the application demand for
the fiscal year (FY) 2013 round of the Native American CDFI Assistance Program (NACA
Program). The NACA Program provides Financial Assistance (FA) and Technical Assistance
(TA) awards to certified and emerging Community Development Financial Institutions
(CDFIs) that serve Native American, Alaska Native, and Native Hawaiian communities.
The CDFI Fund received 65 applications for the FY 2013 NACA Program round—30 requests
for FA and 35 requests for TA. Applicants requested $26.9 million in total, with
FA applicants requesting nearly $21.8 million and TA applicants requesting $5.1
million. The amount requested is over double the funding available, and an increase
from the $23 million requested in the FY 2012 round. The applicants are from 21
states plus the District of Columbia.
“Over a decade after the CDFI Fund first studied how we can assist the growth of
CDFIs serving Native communities, we are still seeing consistent demand for the
Financial Assistance and Technical Assistance awards available through the NACA
Program,” said CDFI Fund Director Donna J. Gambrell. “Native CDFIs are active partners
in the economic growth of their communities, and the NACA Program continues to serve
as vital support for these essential organizations as they work in the some of the
most distressed areas in the country.”
The CDFI Fund is making $11.4<sup><a id="ref1" href="#fn1">1</a></sup> million available for Financial Assistance and Technical Assistance awards through the NACA Program. The deadline
for applications was February 28, 2013. The awards are expected to be announced
in the fall of 2013.
Applications are currently being evaluated through a merit-based qualitative review
to identify those applicants most likely to have the greatest impact in our nation’s
most distressed low-income rural and urban Native communities. <a href="/Documents/FY%202013%20NACA%20Program%20Applicant%20Pool%20050813.pdf" target="_blank">Click here</a> to view a table containing further information
on the applicant pool.
For more information about the NACA Program or the other programs administered by
the CDFI Fund, please visit <a href="/">www.cdfifund.gov</a>.
<sup id="fn1">1. Amount reflects final budget authority after the FY 2013 Continuing
Resolution and implemented sequestration. Tentative dollar amount published in the
Notice of Funds Availability in the Federal Register on December 28, 2012 were based
upon the Administration’s FY 2013 budget request for the CDFI Fund. <a title="Jump back to footnote 1 in the text." href="#ref1"></a></sup>
|Update for FY 2015 BEA Program Applicants||https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=171||Update for FY 2015 BEA Program Applicants||<p>The CDFI Fund has updated two fiscal year (FY) 2015 Bank Enterprise Award Program (BEA Program) application documents. The revised versions of the “FY 2015 Application and Instructions” and “Certification 4” documents are now available on the CDFI Fund’s website at <a href="http://www.cdfifund.gov/bea">www.cdfifund.gov/bea</a> and on the Grants.gov website at <a href="http://www.grants.gov/">www.grants.gov</a>. </p><p>The documents have been changed to eliminate instructions which required applicants that had previously applied in the FY 2014 funding round to ensure that their FY 2015 Baseline Period amounts for activity types reported were identical to the Assessment Period amounts reported in their FY 2014 BEA Program applications. The changes can be found on pages 29 and 35 of the “FY 2015 Application and Instructions” document and page 1 of the “Certification 4” document.</p><p>This deletion is being made to be consistent with instructions on page 3 of the revised “FY 2015 BEA Application and Instructions” document under the heading “FY 2015 Updates,” which note that BEA Program applicants that applied in the FY 2014 funding round will be allowed to use both legacy and updated eligibility data sets to report their Baseline Period amounts for the FY 2015 funding round.</p><p><strong>Questions</strong></p><p>For more information on the BEA Program, please visit the BEA webpage of the CDFI Fund’s website: <a href="http://www.cdfifund.gov/bea">www.cdfifund.gov/bea</a>. For questions regarding the BEA Program, please contact the CDFI Fund Help Desk at (202) 653-0421 or via email <a href="mailto:email@example.com">firstname.lastname@example.org</a>. The CDFI Fund will not answer questions about the FY 2015 round after 5:00 p.m. on EDT June 11, 2015.</p>
|CDFI Fund Opens FY 2015 Funding Round of BEA Program||https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=170||CDFI Fund Opens FY 2015 Funding Round of BEA Program||<p>Today the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2015 application round for the Bank Enterprise Award Program (BEA Program). Application materials are now available on the BEA Program page of the CDFI Fund’s website in anticipation of the May 5, 2015 publication of the FY 2015 Notice of Funds Availability (NOFA) in the Federal Register. The FY 2015 NOFA makes up to $18 million available in awards to eligible Federal Deposit Insurance Corporation (FDIC)-insured banks.</p><p>Through the BEA Program, the CDFI Fund provides monetary awards to FDIC-insured depository institutions that successfully demonstrate an increase in their investments in Community Development Financial Institutions (CDFIs) or in their own lending, investing, or service activities in distressed communities. Distressed communities are defined as those where at least 30 percent of residents have incomes that are less than the national poverty level and where the unemployment rate is at least 1.5 times the national unemployment rate.</p><p><strong>BEA Program Overview</strong></p><p>The BEA Program provides formula-based grants to applicants for increasing Qualified Activities from a Baseline Period to a later Assessment Period. There are three categories of Qualified Activities:</p><ul><li><em>CDFI Related Activities</em>: Equity Investments, Grants, Equity-Like Loans, Loans, Deposits, and/or Technical Assistance provided to certified CDFIs.</li><li><em>Distressed Community Financing Activities</em>: Direct lending or investment in the form of Affordable Home Loans, Affordable Housing Development Loans or Investments, Home Improvement Loans, Education Loans, Small Business Loans or Investments, Small Dollar Consumer Loans, or Commercial Real Estate Development Loans or Investments provided to residents or businesses located in distressed communities.</li><li><em>Service Activities</em>: Financial products and services, such as Checking Accounts, Savings Accounts, Check Cashing, Financial Counseling, Individual Development Accounts, or Youth Savings Accounts provided to residents of distressed communities.</li></ul><p>Full definitions of the Qualified Activities may be found in the BEA Program Regulations (Interim Rule), including the definition of Small Dollar Consumer Loans, which is a new Qualified Activity this year in the Distressed Community Financing Activities category. In addition, Youth Savings Accounts will be considered a Targeted Financial Service in the Service Activities category. Organizations providing these savings accounts encourage healthy financial habits in young Americans living in low-income communities. A description of Youth Savings Account can be located in the glossary of the Supplemental Guidance and Frequently Asked Questions document. Lastly, applicants are also now required to indicate how they intend to use their BEA Program award in their applications this round.</p><p><strong>Deadlines</strong></p><p>Please reference the NOFA and application instructions for detailed information regarding the following application deadlines:</p><ul><li>Part I of the application must be submitted through Grants.gov by 11:59 p.m. EDT on June 15, 2015.</li><li>Part II of the application must be submitted through myCDFIFund by 5:00 p.m. EDT on June 17, 2015.</li></ul><p><strong>Application Materials</strong></p><p>In addition to being available through Grants.gov, the FY 2015 NOFA and application materials are available on the CDFI Fund's website, <a href="http://www.cdfifund.gov/bea">www.cdfifund.gov/bea</a>. </p><p><strong>Webinars</strong></p><p>The CDFI Fund will be conducting two webinars to discuss the FY 2015 BEA Program funding round. These webinars will also include question and answer sessions. Full information can be found in the FY 2015 BEA Program Application Webinar Table.</p><p>For those unable to participate in the webinars, the presentation materials will be posted on the CDFI Fund’s website subsequent to the webinar dates.</p><p><strong>Questions</strong></p><p>For more information on the BEA Program, please visit the BEA webpage of the CDFI Fund’s website: <a href="http://www.cdfifund.gov/bea">www.cdfifund.gov/bea</a>. For questions regarding the BEA Program, please contact the CDFI Fund Help Desk at (202) 653-0421 or via email <a href="mailto:email@example.com">firstname.lastname@example.org</a>. The CDFI Fund will not answer questions about the FY 2015 round after 5:00 p.m. on EDT June 11, 2015.</p>||2015-05-04T04:00:00Z||Updates||170|