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FY 2017 Round BEA Program Applicants: Application Submission Deadline Extended to December 14, 2017 https://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=279FY 2017 Round BEA Program Applicants: Application Submission Deadline Extended to December 14, 2017 <p>On September 29, 2017, the Community Development Financial Institutions Fund (CDFI Fund) announced in a Notice of Funds Availability (NOFA) for the Bank Enterprise Award Program (BEA Program) that the deadline for submitting the FY 2017 BEA Program Application (Application) via the CDFI Fund’s Award Management Information System (AMIS) was 5:00 p.m. Eastern Time on November 30, 2017. </p><p>Due to technical issues many users have recently experienced with the CDFI Fund’s AMIS and CDFI Information Mapping System, the CDFI Fund is extending the Application deadline for all applicants who submitted a validated SF-424 Mandatory in Grants.gov by the November 16, 2017 deadline. The extended deadline for the Application submission via AMIS is now December 14, 2017, 5:00pm ET. Please note, this extension applies only to those applicants that have submitted a validated SF-424 Mandatory by the above referenced deadline. This notice does not extend or revise the SF-424 Mandatory submission deadline.</p><p>The last day to contact the BEA Program Office and Information Technology (IT) department is extended as follows: </p><ul><li><p><b>December 12, 2017 at 5:00 pm ET:</b> last day to contact BEA Program staff regarding BEA Program application materials. For more information, contact the CDFI Fund BEA Helpdesk at (202) 653-0421 or submit a BEA Award AMIS service request.</p></li><li><p><b>December 14, 2017 at 5:00 pm ET:</b> last day to contact the IT Helpdesk regarding AMIS support and submission of the FY 2017 BEA Program application in AMIS. For assistance, contact the CDFI Fund IT Helpdesk at (202) 653-0422 or submit an IT AMIS service request.</p></li></ul><p>All other information and requirements set forth in the September 29, 2017, NOFA shall remain effective as published. </p><p>For more information about the FY 2017 BEA Program Application and the Bank Enterprise Award Program, please visit <a href="http://www.cdfifund.gov/bea" target="_blank">www.cdfifund.gov/bea</a>. For questions regarding the BEA Program, please contact the CDFI Fund Help Desk at (202) 653-0421 or via the Service Request feature in AMIS.</p>2017-11-27T05:00:00ZUpdates279
CDFI Fund Opens Application Period for FY 2018 CDFI Bond Guarantee Programhttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=277CDFI Fund Opens Application Period for FY 2018 CDFI Bond Guarantee Program<p>The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today 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>Through the CDFI Bond Guarantee Program, selected certified CDFIs or their designees will issue bonds that are guaranteed by the Federal government and use the proceeds to extend capital for community development financing and long-term community investments. Authorized uses of the loans financed through bond proceeds may include a variety of financial activities, such as supporting commercial facilities that promote revitalization, community stability, and job creation/retention; housing that is principally affordable to low-income people; businesses that provide jobs for low-income people or are owned by low-income people; and community or economic development in low-income and underserved rural areas. </p><p>Bond issues have a minimum size of $100 million each, up to an aggregate total of $500 million. Multiple CDFIs may pool together in a single $100 million bond issuance provided that each eligible CDFI participates at a minimum of $10 million. </p><p>In response to concerns raised by the CDFI industry, the FY 2018 round of the CDFI Bond Guarantee Program is opening earlier this year in order to better space the application periods of the CDFI Fund’s various programs throughout the year. This will also allow more time for the closing process.</p><p><b>Application Materials </b></p><p>In anticipation of the publication of the Notice of Guarantee Availability (NOGA) in the Federal Register tomorrow, application materials are available on the CDFI Fund’s website at <a href="http://www.cdfifund.gov/bond" target="_blank">www.cdfifund.gov/bond</a> under the How To Apply section by clicking Step 2: Apply. Application materials are also available through the CDFI Fund’s Award Management Information System (AMIS). </p><p>Please note that there have been no significant changes to the application materials, aside from changing deadlines, since the FY 2017 round.</p><p><b>Deadlines </b></p><p>Please reference the NOGA and application instructions for detailed information regarding the following application deadlines for consideration for FY 2018 bond guarantee authority.</p><ul><li><p>CDFI Certification Applications must be submitted through AMIS by 11:59 p.m. EST on November 30, 2017.</p></li><li><p>Qualified Issuer Applications must be submitted through AMIS by 11:59 p.m. EST on January 9, 2018.</p></li><li><p>Guarantee Applications must be submitted through AMIS by 11:59 p.m. EST on January 23, 2018.</p></li><li><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></li></ul><p>Qualified Issuer Applications and Guarantee Applications received in FY 2017 that were neither withdrawn nor declined in FY 2017 will be considered under the FY 2018 authority. </p><p><b>Learn About Applying to the CDFI Bond Guarantee Program </b></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 <a href="http://www.cdfifund.gov/bond" target="_blank">www.cdfifund.gov/bond</a> under the How To Apply section by clicking Step 2: Apply. </p><p>In December 2017, the CDFI Fund will conduct two one-hour conference calls to answer application questions. No presentations will be given during the calls; only questions from potential applicants will be addressed. The CDFI Fund will announce the dates and times of these conference calls in the coming weeks.</p><p><b>Questions </b></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><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 CDFI Fund’s Help Desk at <a href="mailto:bgp@cdfi.treas.gov" target="_blank">bgp@cdfi.treas.gov</a>. </p> 2017-11-01T04:00:00ZUpdates277

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