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No. CDFI Certification Applications cannot be reopened for modification by the Applicant after submission in AMIS.
However, Applicants can modify their CDFI Certification Application up until they submit the Application to the CDFI Fund for review.
No. During the General Recertification Submission Deadline Windows, currently certified CDFIs have been assigned a designated submission window for their Section Zero Application. Once this submission window closes, a currently Certified CDFI cannot submit a Section Zero Application until after a determination has been made on its submitted CDFI Certification Application. Entities whose CDFI Certification is reaffirmed will be able to submit a Section Zero Application prior to the Annual Certification and Data Collection Report (ACR) submission.
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.
Before submitting a request for a Section Zero determination, an organization should review all questions in this FAQs document, the Pre-Approved Target Market Assessment Methodologies and Frequently Asked Questions, the
No. As of February 20, 2025, organizations applying for CDFI Certification are not required to submit a Section Zero Application in AMIS. Organizations may launch and submit their CDFI Certification Application without submitting a request for a Section Zero determination.
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.
Complete the Federal Reserve CDFI Survey by May 30th
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
Snap Stat is an occasional blog series that uses CDFI Fund data to illuminate the work of CDFIs and other organizations that are directly served by the CDFI Fund. View Snap Stat #2 at the below link.
VACANT