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for the Future

Empowering America's ECONOMICALLY Distressed Communities

What does the CDFI Fund Do?

The Community Development Financial Institutions Fund (CDFI Fund) plays an important role in generating economic growth and opportunity in some of our nation’s most distressed communities. By offering tailored resources and innovative programs that invest federal dollars alongside private sector capital, the CDFI Fund serves mission-driven financial institutions that take a market-based approach to supporting economically disadvantaged communities. These mission-driven organizations are encouraged to apply for CDFI Certification and participate in CDFI Fund programs that inject new sources of capital into neighborhoods that lack access to financing.

Each business financed, each job created, and each home built represents a critical step in the transformation of a life, a family, and a community. This is real change. This is the CDFI Fund. Discover More >

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Click here to learn how to find CDFIs and CDEs that are providing services in your community.

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Bank Enterprise Award Programhttps://www.cdfifund.gov/Lists/CDFI Program Areas/DispForm.aspx?ID=1Bank Enterprise Award ProgramThe BEA Program provides awards to FDIC-insured institutions for eligible investments. The BEA Program provides awards to FDIC-insured institutions for eligible investments. /programs-training/Programs/bank_enterprise_award/Pages/default.aspx
CDFI Bond Guarantee Programhttps://www.cdfifund.gov/Lists/CDFI Program Areas/DispForm.aspx?ID=5CDFI Bond Guarantee Program The CDFI Bond Guarantee Program is a source of long-term, patient capital for CDFIs. The CDFI Bond Guarantee Program is a source of long-term, patient capital for CDFIs. /programs-training/Programs/cdfi-bond/Pages/default.aspx
CDFI Programhttps://www.cdfifund.gov/Lists/CDFI Program Areas/DispForm.aspx?ID=6CDFI ProgramThe CDFI Program provides Financial and Technical Assistance awards to CDFIs./programs-training/Programs/cdfi-program/Pages/default.aspx
Capacity Building Initiativehttps://www.cdfifund.gov/Lists/CDFI Program Areas/DispForm.aspx?ID=2Capacity Building Initiative The Capacity Building Initiative is a source of training and technical assistance for CDFIs. The Capacity Building Initiative is a source of training and technical assistance for CDFIs. /programs-training/training-ta/Pages/default.aspx
Capital Magnet Fundhttps://www.cdfifund.gov/Lists/CDFI Program Areas/DispForm.aspx?ID=3Capital Magnet FundThe Capital Magnet Fund encourages the development of affordable housing in low-income communities.The Capital Magnet Fund encourages the development of affordable housing in low-income communities./programs-training/Programs/cmf/Pages/default.aspx
Native Initiativeshttps://www.cdfifund.gov/Lists/CDFI Program Areas/DispForm.aspx?ID=7Native InitiativesThe Native Initiatives provides awards, training, and technical assistance to CDFIs serving Native Communities.The Native Initiatives provides awards, training, and technical assistance to CDFIs serving Native Communities./programs-training/Programs/native-initiatives/Pages/default.aspx
New Markets Tax Credit Programhttps://www.cdfifund.gov/Lists/CDFI Program Areas/DispForm.aspx?ID=8New Markets Tax Credit Program The New Markets Tax Credit encourages economic and community development in low-income communities. The New Markets Tax Credit encourages economic and community development in low-income communities. /programs-training/Programs/new-markets-tax-credit/Pages/default.aspx

Impact We Make

The vision of the Community Development Financial Institutions Fund (the CDFI Fund) is to economically empower America’s underserved and distressed communities.

View the CDFI Fund's Blog

 Announcements

 

 

CDFI Fund Opens Application Period for FY 2018 CDFI Bond Guarantee Programhttps://www.cdfifund.gov/Lists/CDFI News/AllItems.aspxhttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=277CDFI Fund Opens Application Period for FY 2018 CDFI Bond Guarantee Program<p>The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2018 application period for the CDFI Bond Guarantee Program. A total of up to $500 million in bond guarantee authority is available to eligible Community Development Financial Institutions (CDFIs) in FY 2018, pending Congressional authorization.</p><p>Through the CDFI Bond Guarantee Program, selected certified CDFIs or their designees will issue bonds that are guaranteed by the Federal government and use the proceeds to extend capital for community development financing and long-term community investments. Authorized uses of the loans financed through bond proceeds may include a variety of financial activities, such as supporting commercial facilities that promote revitalization, community stability, and job creation/retention; housing that is principally affordable to low-income people; businesses that provide jobs for low-income people or are owned by low-income people; and community or economic development in low-income and underserved rural areas. </p><p>Bond issues have a minimum size of $100 million each, up to an aggregate total of $500 million. Multiple CDFIs may pool together in a single $100 million bond issuance provided that each eligible CDFI participates at a minimum of $10 million. </p><p>In response to concerns raised by the CDFI industry, the FY 2018 round of the CDFI Bond Guarantee Program is opening earlier this year in order to better space the application periods of the CDFI Fund’s various programs throughout the year. This will also allow more time for the closing process.</p><p><b>Application Materials </b></p><p>In anticipation of the publication of the Notice of Guarantee Availability (NOGA) in the Federal Register tomorrow, application materials are available on the CDFI Fund’s website at <a href="http://www.cdfifund.gov/bond" target="_blank">www.cdfifund.gov/bond</a> under the How To Apply section by clicking Step 2: Apply. Application materials are also available through the CDFI Fund’s Award Management Information System (AMIS). </p><p>Please note that there have been no significant changes to the application materials, aside from changing deadlines, since the FY 2017 round.</p><p><b>Deadlines </b></p><p>Please reference the NOGA and application instructions for detailed information regarding the following application deadlines for consideration for FY 2018 bond guarantee authority.</p><ul><li><p>CDFI Certification Applications must be submitted through AMIS by 11:59 p.m. EST on November 30, 2017.</p></li><li><p>Qualified Issuer Applications must be submitted through AMIS by 11:59 p.m. EST on January 9, 2018.</p></li><li><p>Guarantee Applications must be submitted through AMIS by 11:59 p.m. EST on January 23, 2018.</p></li><li><p>The last day the CDFI Fund will accept questions regarding the FY 2018 application period for the CDFI Bond Guarantee Program is January 16, 2018, at 11:59 p.m. EST. All questions must be submitted electronically to the program office at <a href="mailto:bgp@cdfi.treas.gov" target="_blank">bgp@cdfi.treas.gov</a>.  </p></li></ul><p>Qualified Issuer Applications and Guarantee Applications received in FY 2017 that were neither withdrawn nor declined in FY 2017 will be considered under the FY 2018 authority. </p><p><b>Learn About Applying to the CDFI Bond Guarantee Program </b></p><p>Also available on the CDFI Fund’s website are prerecorded presentations on the CDFI Bond Guarantee Program. These presentations can be found on the CDFI Bond Guarantee webpage at <a href="http://www.cdfifund.gov/bond" target="_blank">www.cdfifund.gov/bond</a> under the How To Apply section by clicking Step 2: Apply. </p><p>In December 2017, the CDFI Fund will conduct two one-hour conference calls to answer application questions. No presentations will be given during the calls; only questions from potential applicants will be addressed. The CDFI Fund will announce the dates and times of these conference calls in the coming weeks.</p><p><b>Questions </b></p><p>Inquiries regarding legal documents related to the CDFI Bond Guarantee Program should be directed to the CDFI Fund’s Office of Legal Counsel via email at <a href="mailto:legal@cdfi.treas.gov" target="_blank">legal@cdfi.treas.gov</a>.   </p><p>For more information about the CDFI Bond Guarantee Program, please visit <a href="http://www.cdfifund.gov/bond" target="_blank">www.cdfifund.gov/bond</a>, or email the CDFI Fund’s Help Desk at <a href="mailto:bgp@cdfi.treas.gov" target="_blank">bgp@cdfi.treas.gov</a>. </p> 2017-11-01T04:00:00ZUpdates277
Program Eligibility Information Update: 2011-2015 American Community Survey Data Available for CMF and NMTC Programhttps://www.cdfifund.gov/Lists/CDFI News/AllItems.aspxhttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=278Program Eligibility Information Update: 2011-2015 American Community Survey Data Available for CMF and NMTC Program<p>The Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has established a plan for releasing updated program eligibility information based upon Census Bureau data from the 2011-2015 American Community Survey (ACS). Eligibility requirements for the Bank Enterprise Award Program (BEA Program), Community Development Financial Institutions Program (CDFI Program), Native American CDFI Assistance Program (NACA Program), and New Markets Tax Credit Program (NMTC Program) will be released according to the timetable below. </p><p>Currently, eligibility information for the above listed CDFI Fund programs is determined by data collected through the 2006-2010 ACS. The CDFI Fund revises program eligibility criteria to coincide with each subsequent full five-year ACS data release, which is now the 2011-2015 release. However, the CDFI Fund plans to implement a one-year transition period to allow program applicants and recipients the option to determine eligibility using either 2006-2010 ACS data or 2011-2015 ACS data.</p><p>Detailed information regarding usage of ACS data during the transition period will be posted on the program-specific pages on the CDFI Fund website. The CDFI Fund will provide public notification as transition guidance for CDFI Fund programs becomes available.</p><p>The revised ACS data will also be included as an update to the <a href="/Pages/cims3.aspx" target="_blank">CDFI Information Mapping System (CIMS). </a>Program participants and interested members of the public can view the mapping tool on the CDFI Fund's website.</p><ul><li><p> <strong>New Markets Tax Credit Program Low-Income Community (LIC) Data</strong> is now available. <br> The updated LIC data may be used as of October 31, 2017, with a one-year transition period to use prior 2006-2010 ACS data. For more information, view the <a href="/Documents/NMTC%20CIMS%20November-Census%20Transition%202011-2015%20ACS%20Oct30-2017-4.30pm.pdf" target="_blank">NMTC Census Transition FAQs</a>. In addition, the updated LIC information is expected to be available to view as a data layer in CIMS in November 2017. </p></li><li> <p> <strong>Bank Enterprise Award Distressed Community Data</strong>: <em>to be released Spring 2018 (tentative)</em><br>Updated BEA data may be used starting on the release date, with a one-year transition period to use prior 2006-2010 ACS data.</p></li><li><p> <strong>CDFI and NACA Programs Certification Investment Areas</strong>: <em>to be released Summer 2018 (tentative)</em><br>CDFI Program and NACA Program data may be used starting on the release date, with a one-year transition period to use prior 2006-2010 ACS data.</p></li></ul><p>In addition, previously released <strong>Economic Distress Data </strong>for the FY 2017 Capital Magnet Fund (CMF) Round and <strong>High Housing Need Data </strong>for the FY 2016 CMF Round is now available in <a href="/Pages/cims3.aspx" target="_blank">CIMS</a>. </p><p>Program specific policies related to the transition to 2011-2015 ACS data and revised eligibility tables will be posted to the <a href="/research-data/Pages/default.aspx" target="_blank">research page</a>, as well as to relevant program pages on the CDFI Fund website. </p><p>For questions related to the ACS transition, contact the CDFI Fund via email at <a href="mailto:cdfihelp@cdfi.treas.gov" target="_blank">cdfihelp@cdfi.treas.gov</a>, with the subject line “ACS Question.”</p>2017-10-31T04:00:00ZUpdates278
Update for FY 2017 Round BEA Program Applicants: Electronic Application Now Available https://www.cdfifund.gov/Lists/CDFI News/AllItems.aspxhttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=276Update for FY 2017 Round BEA Program Applicants: Electronic Application Now Available <p>The electronic application for the fiscal year (FY) 2017 round of the Bank Enterprise Award Program (BEA Program) is now available in the Community Development Financial Institutions Fund’s (CDFI Fund) <a href="https://amis.cdfifund.gov/s/AMISHome" target="_blank">Awards Management Information System (AMIS).</a></p><p>All applicants must be registered in SAM.gov, Grants.gov, and AMIS to apply for funding. Previous applicants should confirm that their existing accounts for each system are active and up-to-date as soon as possible in order to avoid potential Standard Form-424 Mandatory (SF-424 Mandatory) and/or electronic application submission problems. New applicants are encouraged to begin this registration process immediately. Registration guidance for SAM.gov and Grants.gov can be found on the websites for those systems. Registration guidance for AMIS can be found in the “<a href="https://amis.cdfifund.gov/s/CDFIFundAMIS-TrainingManual-AE101.pdf" target="_blank">Getting Started – Navigating AMIS Training Manual</a>.” </p><p>The CDFI Fund strongly recommends that instructions and application timelines be reviewed closely by both first-time and repeat applicants, and that applicants allow adequate time to submit their applications using AMIS. To assist potential applicants with the FY 2017 BEA Program, the CDFI Fund has provided on its website the following three documents: the <a href="/Documents/2017%20BEA%20NOFA%20Federal%20Register%202017-20922.pdf" target="_blank">Notice of Funds Availability</a>, <a href="/Documents/2017%20BEA%20Application-508%20Compliant_100617.pdf" target="_blank">Application Instructions</a>, and <a href="/Documents/2017%20BEA%20Program-Supplemental%20Guidance-92817.pdf" target="_blank">Supplemental Guidance and FAQs</a>. All three of these documents can be found on the BEA Program webpage (<a href="http://www.cdfifund.gov/bea" target="_blank">www.cdfifund.gov/bea</a>) under the ‘How To Apply’ section by clicking on Step 1: Apply. </p><p>In addition, the CDFI Fund has recorded a webinar to demonstrate the electronic application submission process in AMIS and has a comprehensive instruction manual to guide applicants through the technical aspects of using AMIS to complete their electronic applications. Links to the <a href="https://youtu.be/fikibELVBSY" target="_blank">pre-recorded AMIS webinar </a>and the “AMIS Training Manual for FY 2017 BEA Program Applicants” are also available on the BEA Program webpage (<a href="http://www.cdfifund.gov/bea" target="_blank">www.cdfifund.gov/bea</a>) under the ‘How To Apply’ section by clicking on Step 1: Apply.</p><p><b>Reminder about Deadlines</b></p><ul><li><p>Part I of the application, the Grant Application Package/SF-424 Mandatory, must be submitted electronically through Grants.gov by 11:59 p.m. Eastern Time (ET) on November 16, 2017.</p></li><li><p>Part II of the application, the FY 2017 BEA Program Electronic Application, must be submitted electronically through AMIS by 5:00 p.m. ET on November 30, 2017. </p></li><li><p>The CDFI Fund will not answer questions about the FY 2017 round after 5:00 p.m. ET on November 28, 2017.</p></li></ul><p>Please view the CDFI Fund’s website at <a href="http://www.cdfifund.gov/bea" target="_blank">www.cdfifund.gov/bea</a> for full details about the BEA Program and <a href="/programs-training/Programs/bank_enterprise_award/Pages/apply-step.aspx" target="_blank">how to apply for the FY 2017 application round</a>. For questions regarding the BEA Program, please contact the CDFI Fund Help Desk at (202) 653-0421 or via the Service Request feature in AMIS.</p>2017-10-27T04:00:00ZUpdates276

 Upcoming Events

 

 

CDFI Certification Conference Callhttps://www.cdfifund.gov/Lists/CDFI Events/DispForm.aspx?ID=81CDFI Certification Conference Call2017-11-16T20:00:00Z2017-11-16T21:00:00ZConference Call0x01020041E1D5678A3CED4385147CFE255D181700355905A9067BF24DA9A2A59A2925ED6681
CDFI Certification Conference Callhttps://www.cdfifund.gov/Lists/CDFI Events/DispForm.aspx?ID=82CDFI Certification Conference Call2017-12-21T20:00:00Z2017-12-21T21:00:00ZConference Call0x01020041E1D5678A3CED4385147CFE255D181700355905A9067BF24DA9A2A59A2925ED6682

 

 

Strategic Planhttps://www.cdfifund.gov/Lists/CDFI Tools Resources/DispForm.aspx?ID=11Strategic PlanFY 2017 - FY 2022<img alt="" src="/SiteCollectionImages/PublicationImages/Final%20Strategic%20Plan%20Cover%20102716%20highlight.jpg" style="BORDER:0px solid;" />/Pages/next-five-years.aspx

 

 

Request a Speakerhttps://www.cdfifund.gov/Lists/CDFI Tools Resources/DispForm.aspx?ID=5Request a SpeakerSchedule a Speaker for your next event<img alt="" src="/Style%20Library/cdfi/pic-highlight1.jpg?s=F3BB8F79FA7B0B4E2E89F19CE8111068BA762963" style="BORDER:0px solid;" />/Pages/speaker-request.aspx

CDFI Fund Tools & Resources

Access Tools and Resources

Access the CDFI Fund's database systems below. Use the Awards Database search to find CDFI Fund awardees by state for all of the CDFI Fund's programs. AMIS is the CDFI Fund's new Awards Management Information System, which will replace myCDFIFund.

 

 

Community Investment Impact Systemhttps://www.cdfifund.gov/Lists/CDFI Tools Resources/DispForm.aspx?ID=1Community Investment Impact Systemicon-checkmarkHome;#0x0100178F0095A2AE7A4FBED67E33256F670E0400E5EE0B704BCEE64CA003554D82DE23E21/Pages/ciis.aspx
AMIShttps://www.cdfifund.gov/Lists/CDFI Tools Resources/DispForm.aspx?ID=3AMISicon-communityHome;#0x0100178F0095A2AE7A4FBED67E33256F670E0400E5EE0B704BCEE64CA003554D82DE23E23http://amis.cdfifund.gov
CIMS Mapping Toolhttps://www.cdfifund.gov/Lists/CDFI Tools Resources/DispForm.aspx?ID=2CIMS Mapping Toolicon-mapHome;#0x0100178F0095A2AE7A4FBED67E33256F670E0400E5EE0B704BCEE64CA003554D82DE23E22/Pages/mapping-system.aspx

Awards Database

Find CDFIs in your community