Message from CDFI Fund Acting Director Marcia Sigal: A Status Check on CDFI Fund Activities

In May, I officially stepped into the role of Acting Director of the Community Development Financial Institutions Fund (CDFI Fund) but, I am not new to the CDFI Fund. For the last five years, I have served as the CDFI Fund’s Deputy Director of Policy and Programs managing the implementation of assistance programs and policies to increase the impact of the CDFI Fund’s programs in distressed and underserved communities.

Positioning the Capital Magnet Fund for Impact and Innovation

Since its inception in 2008, the Capital Magnet Fund (CMF) has awarded nearly $1.1 billion in funding to create and preserve affordable housing for Low-Income families and economically distressed communities. Through the program, the Community Development Financial Institutions Fund (CDFI Fund) awards competitive grants to Certified Community Development Financial Institutions (CDFIs) and non-profit housing organizations to develop, rehabilitate, preserve, and purchase affordable housing, particularly housing targeted to Low-, Very Low-, and Extremely Low-Income families.

Eddie Tsibulevskiy

Depository Institutions Initiatives
Eddie Tsibulevskiy
Eddie Tsibulevskiy
Program Manager

Eddie Tsibulevskiy is the Program Manager of the Depository Institutions Initiatives unit and is responsible for the management of the Bank Enterprise Award and Small Dollar Loan Programs. He most recently served as Senior Financial Analyst at the U.S. Export-Impact Bank where he analyzed and managed a large portfolio of direct loans and loan guarantees. Prior to this, Mr. Tsibulevskiy served recently as Associate Program Manager of the CDFI Fund’s Capital Magnet Fund. He holds an M.S. in Economic Development from Georgetown University and a B.A. in Economics and Political Science from the University of Maryland Baltimore County.

CDFI Provides Childcare Providers with Critical Support during the Pandemic

The COVID-19 pandemic forced many parents and their children to stay home as the country grappled with how to combat the new disease and keep the population safe through lockdowns, school closures, and emergency medical interventions. Employees from federal, state, and local governments, medical facilities, private companies, first responders, restaurant workers, maintenance workers, and other employees deemed essential or critical were required to continue working.

Program Notes: A Deeper Look at the FY 2022 CDFI Program and NACA Program Award Round

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In late-February, the CDFI Fund announced that 252 CDFIs received $194.1 million in Financial Assistance (FA) awards through the fiscal year (FY) 2022 round of the Community Development Financial Institutions Program (CDFI Program) and the Native American CDFI Assistance Program (NACA Program), including Healthy Food Financing Initiative-Financial Assistance (HFFI-FA) awards, Disability Funds-Financial Assistance (DF-FA) awards, and Persistent Poverty C

Enhancing CDFI Impact through the Financial Assistance and Technical Assistance Application Process

In 2017, the Community Development Financial Institutions Fund (CDFI Fund) made extensive changes to the Financial Assistance (FA) and Technical Assistance (TA) applications. These changes were designed to ensure Community Development Financial Institutions Program (CDFI Program) and Native CDFI Assistance Program (NACA Program) resources could reach additional existing and new CDFIs, as well as allow the CDFI Fund to increase affordable financial products and services in underserved communities across the country.

Seema Agnani

Seema Agnani
Seema Agnani
National Consumer or Public Interest Representative

Executive Director
National Coalition for Asian Pacific American Community Development
Washington, DC

Seema Agnani (she/hers) serves as Executive Director of National CAPACD (pronounced “capacity”), a coalition of more than 100 community-based organizations that advocate for and organize in low-income Asian American, Native Hawaiian and Pacific Islander communities. She has more than 25 years of experience in community development, capacity building and immigrant rights. She was a founder and Executive Director of Chhaya CDC working in the South Asian community of New York City, leading the organization during the great recession and the aftermath of the attacks of 9/11. At Asian Americans for Equality in New York City she managed affordable housing and economic development projects, neighborhood planning and helped to establish one of the country’s first CDFIs serving the Asian American community. She previously coordinated the Fund for New Citizens at The New York Community Trust. She previously served as a member of the Consumer Financial Protection Bureau’s Community Advisory Board. Seema is originally from the Chicago metro area where her parents emigrated to from India.

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