* How do I determine if an Affiliate is engaging in eligible Financial Products or Financial Services activity?

To determine if an Affiliate is engaged in eligible Financial Products or Financial Service, the CDFI Fund considers the following:

1. The Affiliate must have completed at least one eligible Financial Product transaction or provided at least one Financial Service after the first day of the CDFI Certification Applicant entity's most recently completed full 12-month fiscal year; and
2. The CDFI Fund would consider the entity as “engaged” in eligible financing activity, if a portion of the assets held directly by the Affiliate are available to support staffing, administrative or operating costs, or to be used as capital to finance its eligible Financial Product or eligible Financial Services activity, as reflected in its current fiscal year-to-date balance sheet. These administrative and operating costs may include expenses such as marketing, occupancy, etc.