Each entity in a CDFI Certification collective review must show accountability to its selected collective review market through its own governing or advisory board. For each relevant Affiliate, a CDFI Certification Market record must be added in its AMIS Organization Detail page, using the Record Purpose: “CDFI Certification – collective review for another entity”.
The selected collective review market can be:
- The primary entity’s approved CDFI Target Market, or
- A specific component of that Target Market identified for the Affiliate’s role in the review.
To demonstrate accountability, the Affiliate must also create an Organization Board record with the Board Purpose: “collective review for another entity.” This record must include the board’s composition and explain how it is accountable to the selected market.
Note: If the Affiliate is also applying for its own CDFI Certification and using the same board, it must create separate Market and Board records for the collective review process.