News

CDFI Publish Date
CDFI Fund Opens CY 2018 Round of New Markets Tax Credit Program

The U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) released today the Notice of Allocation Availability (NOAA) for the calendar year (CY) 2018 round of the New Markets Tax Credit Program (NMTC Program). The NOAA makes up to $3.5 billion in tax credit allocation authority available for the CY 2018 round.

U.S. Treasury Announces $120 Million in Awards for Affordable Housing

The U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded 40 organizations $120 million today for the development of affordable housing and related economic development activities in low-income communities.

CDFI Fund Releases Application Demand for FY 2017 Round of BEA Program
REPRESENTS OVER $500 MILLION IN INCREASED LENDING IN DISTRESSED COMMUNITIES

$3.5 Billion in New Markets Tax Credits Awarded to Spur Economic Growth Nationwide

Washington  The U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded 73 Community Development Entities (CDEs) $3.5 billion in New Markets Tax Credits today.

CDFI Fund Opens FY 2018 Funding Round for CDFI Program and NACA Program

Today, the U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2018 funding round for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program).

CDFI Fund Releases Application Demand for FY 2017 Round of Capital Magnet Fund

The U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) released today the application data for the fiscal year (FY) 2017 round of its Capital Magnet Fund program. A total of 120 organizations headquartered in 38 states and the District of Columbia submitted eligible applications requesting nearly $540 million in funding.

CDFI Fund Opens Application Period for FY 2018 CDFI Bond Guarantee Program

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.

Update for FY 2017 Round BEA Program Applicants: Electronic Application Now Available

The electronic application for the fiscal year (FY) 2017 round of the Bank Enterprise Award Program (BEA Program) is now available in the Community Development Financial Institutions Fund's (CDFI Fund) Awards Management Information System (AMIS).

CDFI Fund Opens FY 2017 Funding Round of BEA Program

Today the U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2017 application round for the Bank Enterprise Award Program (BEA Program).

Treasury Guarantees $245 Million in Bond Funding for Projects in Low-Income Communities

Washington, DC-U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) announced today that Treasury issued two guarantees totaling $245 million under the Community Development Financial Institutions (CDFI) Bond Guarantee Program.