CDFI Bond Guarantee Program

 

 

Certification https://www.cdfifund.gov/programs-training/Programs/cdfi-bond/Lists/CDFI Bond Steps/DispForm.aspx?ID=5Certification Step 11CDFI Certification/programs-training/Programs/cdfi-bond/Pages/cdfi-certification-step.aspx#step1
Applyhttps://www.cdfifund.gov/programs-training/Programs/cdfi-bond/Lists/CDFI Bond Steps/DispForm.aspx?ID=1ApplyStep 22Timeline| Application Materials| /programs-training/Programs/cdfi-bond/Pages/apply-step.aspx#step2
Award Announcementhttps://www.cdfifund.gov/programs-training/Programs/cdfi-bond/Lists/CDFI Bond Steps/DispForm.aspx?ID=2Award AnnouncementStep 33Award Announcement/programs-training/Programs/cdfi-bond/Pages/award-announcement-step.aspx#step3
Closing and Disbursementhttps://www.cdfifund.gov/programs-training/Programs/cdfi-bond/Lists/CDFI Bond Steps/DispForm.aspx?ID=3Closing and DisbursementStep 44Closing and Disbursement/programs-training/Programs/cdfi-bond/Pages/closing-disbursement-step.aspx#step4
Compliance and Reportinghttps://www.cdfifund.gov/programs-training/Programs/cdfi-bond/Lists/CDFI Bond Steps/DispForm.aspx?ID=4Compliance and ReportingStep 55Compliance and Reporting/programs-training/Programs/cdfi-bond/Pages/compliance-step.aspx#step5

Share Share

Treasury Guarantees $150 Million in CDFI Bond Funding

Since Inception, Over $1.5 Billion Guaranteed for Projects in Low-Income Communities

Washington, DC – U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) announced today the issuance of a $150 million guarantee under the Community Development Financial Institutions (CDFI) Bond Guarantee Program. The guarantee was issued to the Community Reinvestment Fund, USA (CRF) on behalf of Clearinghouse Community Development Financial Institution (Clearinghouse) which is headquartered in Lake Forest, California.

To date, over $1.51 billion has been guaranteed since the inception of the program, which provides long-term, fixed-rate capital for projects in low-income urban, rural, and Native communities.

 "With six rounds of bond issuances now under our belt, we are seeing the significant impact the CDFI Bond Guarantee Program is having in communities across the country," said CDFI Fund Director Annie Donovan.  "From community facilities on Native lands, to housing for people with disabilities, to financing small businesses in both big cities and small towns across America –this program is creating real impact in places where it is needed most."

Established by the Small Business Jobs Act of 2010, the CDFI Bond Guarantee Program responds to a critical market need—low-cost capital to spur economic growth and jump start community revitalization. Under the program, Qualified Issuers (CDFIs or their designees) apply to the CDFI Fund for authorization to issue guaranteed bonds worth a minimum of $100 million. The bonds provide CDFIs with access to substantial long-term, fixed-rate capital to invest in distressed communities. 

The program enables CDFIs to execute large-scale projects, including the development of commercial real estate, housing units, charter schools, small businesses, daycare or healthcare centers, and rural infrastructure projects, among other asset classes.

About the CDFI Fund

Since its creation in 1994, the CDFI Fund has awarded more than $2.3 billion to CDFIs, community development organizations, and financial institutions through the Community Development Financial Institutions Program, the Native American CDFI Assistance Program, and the BEA Program.  In addition, the CDFI Fund has allocated $54 billion in tax credit allocation authority to Community Development Entities through the New Markets Tax Credit Program, guaranteed $1.512 billion in bonds through the CDFI Bond Guarantee Program, and awarded more than $291 million through the Capital Magnet Fund.

To learn more about the CDFI Fund and its programs, please view the Fact Sheet or visit the CDFI Fund's website at www.cdfifund.gov

 Past Awards

 

 

Treasury Guarantees $245 Million in Bond Funding for Projects in Low-Income Communitieshttps://www.cdfifund.gov/Documents/Forms/AllItems.aspxNewsID=272.aspxTreasury Guarantees $245 Million in Bond Funding for Projects in Low-Income Communities20172017-09-27T04:00:00ZCDFI Bond Guarantee Program;#
Treasury Guarantees $265 Million in Bond Funding for Projects in Low-Income Communitieshttps://www.cdfifund.gov/Documents/Forms/AllItems.aspxNewsID=232.aspxTreasury Guarantees $265 Million in Bond Funding for Projects in Low-Income Communities20162016-09-28T04:00:00ZCDFI Bond Guarantee Program;#
Treasury Guarantees $327 Million in Bond Funding for Projects in Low-Income Communitieshttps://www.cdfifund.gov/Documents/Forms/AllItems.aspxNewsID=178.aspxTreasury Guarantees $327 Million in Bond Funding for Projects in Low-Income Communities20152015-09-29T04:00:00ZCDFI Bond Guarantee Program;#
Treasury Guarantees Additional $200 Million in Bond Funding for Nationwide Community and Economic Development Projectshttps://www.cdfifund.gov/Documents/Forms/AllItems.aspxBond Announcement Additional $200 Million 100214.pdfTreasury Guarantees Additional $200 Million in Bond Funding for Nationwide Community and Economic Development Projects20142014-10-02T04:00:00ZCDFI Bond Guarantee Program;#
U.S. Treasury Provides $325 Million in Bond Guarantees for Investment in Underserved Communitieshttps://www.cdfifund.gov/Documents/Forms/AllItems.aspxUS_Treasury_Provides_$325_Million_in_Bond_Guarantees_for_Investments_in_Underserved_Communities_August202014.pdfU.S. Treasury Provides $325 Million in Bond Guarantees for Investment in Underserved Communities20142014-08-20T04:00:00ZCDFI Bond Guarantee Program;#

Jul 24, 2015

Short description that describes what the video is about and what it will show the user. Ea mei nominati perpetua postulant, delenit nusquam qui eu, cu has sumo deseruisse theophrastus.​

 ‭(Hidden)‬ Related Materials

 

 

 

 

 

 

 

 

Historical Awards Documentshttps://www.cdfifund.gov/Lists/CDFI Tools Resources/DispForm.aspx?ID=9Historical Awards DocumentsView our historical documents library<img alt="" src="/SiteCollectionImages/pic-highlight1.jpg" style="BORDER:0px solid;" />https://www.cdfifund.gov/Documents/Forms/Awards.aspx, /Documents/Forms/Awards.aspx

Awards Database

Find CDFIs in your community