VACANT
VACANT
U.S. Department of the Interior Designee
Will the CDFI Fund communicate with CDFI Certification Applicants to provide clarifying information to help make its determination?
The CDFI Fund will not communicate with CDFI Certification Applicants to gather additional information to help make its determination. Any application that is incomplete or contains inaccurate information will automatically be rejected. Organizations whose applications are rejected for missing or inaccurate information will be required to submit a new application.
Starbucks Partners with CDFIs to Help Chicago’s Underserved Communities
With a population of more than 2.7 million1, the City of Chicago is the third most populous city in America and has a total economic output of $770.7 billion2. This makes it the third largest metropolitan economy in the United States, after New York and Los Angeles. In spite of the city’s economic activity, Census Bureau data indicates that 17.3% of the City’s population lives in poverty.
Get Ready for the Next Capital Magnet Fund Application Round: Webinar and Important Tips!
Update December 7, 2022: View the pre-application webinar recording and presentation here.
Interested in applying for a Capital Magnet Fund Award? You may find the following information helpful in getting started. The CDFI Fund is tentatively planning to open the fiscal year (FY) 2023 application round in early 2023.
When did the CDFI Fund stop accepting new CDFI Certification Application and Target Market modifications? When will the blackout period end?
The CDFI Fund paused acceptance of new CDFI Certification Applications and Target Market modification requests on October 1, 2022. The CDFI Fund will resume accepting new CDFI Certification Application submissions and Target Market modification requests when the new CDFI Certification Application is deployed.
Why did the CDFI Fund pause acceptance of new CDFI Certification Applications and Target Market modifications?
The blackout period is needed to allow the CDFI Fund time to adjudicate comments that it received during the new Certification Application public comment submission process; build and test the new Application and its related reporting tools in the Awards Management Information System (AMIS); and review pending CDFI Certification Applications, Target Market modifications, and other tasks that must be completed prior to deployment of the new Application and its reporting tools.
Are there any other Certification-related items that will also be on pause during this time period?
In addition to CDFI Certification Applications and Target Market Modification Applications, the CDFI Fund will also discontinue monthly CDFI Certification Conference Calls during the blackout period, but will resume the calls once the blackout period ends.