My organization has received a CDFI Program or NACA Program Financial Assistance award that requires us to modify our Target Market during this pause period. How will the pause affect my award compliance?

The CDFI Fund is aware that some organizations are required to submit Target Market Modification requests as part of their Performance Goal and Measures per the terms of their Assistance Agreements and may be affected by this pause. The CDFI Fund will either amend Assistance Agreements to allow time for such organizations to be able to submit a Target Market Modification request under the new CDFI Certification policies; or hold them harmless for not being able to meet the new CDFI Certification policies.

How does the pause affect an organization that is currently in a cure period under a 2021 or 2022 ACR Report?

If you are a CDFI that is currently in a cure period related to a 2021 or 2022 ACR Report Year submission, you are still obligated to adhere to the specific deadlines and deliverables associated with that cure requirement. Failure to do so can result in a loss of Certification during this blackout period.

Setting the Stage for the CDFI Equitable Recovery Program and Designating Minority Lending Institutions

Earlier today, the Community Development Financial Institutions Fund (CDFI Fund) opened applications for the CDFI Equitable Recovery Program. The CDFI Fund team has spent the past year diligently working to deploy $1.75 billion in supplemental COVID-19 recovery resources that were included in the Consolidated Appropriations Act, 2021 (Pub. L. 116-260) to help CDFIs respond to the economic effects of the COVID-19 pandemic.

Pooja Patel

CDFI Program and Native Initiatives
Pooja Patel
Program Manager

Pooja Patel is the Program Manager for the CDFI Program and Native Initiatives. Pooja has nearly 20 years of experience related to federal affordable housing and community economic development programs. Prior to joining the CDFI Fund, Pooja was a Senior Director at ICF. In this role, she managed a portfolio of projects focused on the successful design and administration of federal community development programs, including establishing and evaluating policies, guidelines, and methodologies that guide program operations.

CDFIs Serve People with Disabilities

The US Census Bureau defines disability as a long-lasting physical, mental, or emotional condition. This condition can make it difficult for a person to do activities such as walking, climbing stairs, dressing, bathing, learning, or remembering, which can impede a person’s ability to go outside the home alone or to work at a job or business. Vision impairment, mental illness, diseases such as diabetes or multiple sclerosis are examples of disabilities.

CDFI Equitable Recovery Program Pre-Application Webinar now Available!

For those preparing to apply for the fiscal year (FY) 2022 CDFI Equitable Recovery Program application round, the CDFI Fund has recorded an informational pre-application webinar. Topics covered include setting up your critical SAM.gov and Grants.gov accounts, adjusting your organizational profile in the Awards Management Information System (AMIS), and other ways your organization can prepare in advance for the FY 2022 application round.

 

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