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CDFI Fund Update: Revised ACR Guidance Information now Available

The Community Development Financial Institutions Fund (CDFI Fund) has released updated information for Certified Community Development Financial Institutions (CDFIs) regarding the Annual Certification and Data Collection Report (ACR).

The ACR, which must be completed by all Certified CDFIs on annual basis, allows the CDFI Fund to assess CDFIs’ compliance with Certification guidelines and collect data that provides insights into the CDFI industry.

The CDFI Fund has updated the supporting information for the ACR to reflect how to address Paycheck Protection Program (PPP) activity within and outside of Target Market(s); how to report changes to Target Market(s) after viewing what is shown in the AMIS Target Market page; and how regulator call report data will be used to pre-populate select financial data fields for certain regulated entities.

The revised information includes: an updated Frequently Asked Questions document; a glossary of ACR terms; instructions for completing the ACR; the ACR Award Management Information System (AMIS) training manual; and a pre-recorded webinar. These updates can be accessed at  www.cdfifund.gov/cdficert under How to Apply Step 2: Reporting.

For questions regarding CDFI Certification or program compliance requirements, please contact the CDFI Fund by e-mail to ccme@cdfi.treas.gov; via an AMIS Service Request; or by phone at (202) 653-0423.

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