* If my organization submits a request for a Section Zero determination that proposes a new Targeted Population, must it also propose a corresponding Target Market assessment methodology?

Yes. If your organization submits a request for a Section Zero determination that proposes a new Targeted Population, it must also propose a corresponding Target Market assessment methodology. Any request for a new Targeted Population that does not include a request for a corresponding Target Market Assessment Methodology will be deemed incomplete.

Treasury Names Dietrich Douglas Acting Director of CDFI Fund Following Director Pravina Raghavan's Resignation

The U.S. Department of the Treasury has named Dietrich Douglas as the Acting Director of the Community Development Financial Institutions Fund (CDFI Fund). Mr. Douglas currently serves as Legal Counsel for the CDFI Fund.

“With the best interest of the CDFI Fund, the community development finance sector, and the communities we serve in mind, I am looking forward to leading the very dedicated staff of the CDFI Fund during this transition,” said Acting Director Douglas.

The Critical Role of the ACR: What CDFIs Need to Know

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

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Capital Magnet Fund Program Resumes Performance Reporting in AMIS

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:

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