CDFIs — the Federal Reserve Wants to Hear from You!
Complete the Federal Reserve CDFI Survey by May 30th
Complete the Federal Reserve CDFI Survey by May 30th
Community Development Financial Institutions (CDFIs) play an essential role in fostering economic growth and supporting development in communities underserved by traditional financial institutions. To maintain their status as a certified CDFI, and continue delivering on their mission, CDFIs must submit the Annual Certification and Data Collection Report (ACR) on an annual basis. Here is why the ACR is so crucial and what could happen if it is not submitted on time and completed accurately.
Why the ACR Matters
Snap Stat is an occasional blog series that uses CDFI Fund data to illuminate the work of CDFIs and other organizations that are directly served by the CDFI Fund. View Snap Stat #2 at the below link.
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The Community Development Financial Institutions Fund’s (CDFI Fund) Capital Magnet Fund (CMF) resumed accepting CMF Performance Reporting data in the CDFI Fund’s Awards Management Information System (AMIS) on February 7, 2025.
In August 2024, the CDFI Fund paused the acceptance of CMF Project and Award Performance Report(s) to prepare for the launch of revised requirements in AMIS. Changes have been completed in AMIS to support Recipient reporting on CMF Award activities for all award years in order to:
U.S. Department of the Treasury Designee
U.S. Department of Commerce Designee
U.S. Department of Housing and Urban Development
U.S. Department of Agriculture Designee