In 2020, the CDFI Fund requested public comment on a revised CDFI Certification Application, Annual Certification and Data Collection Report (ACR), and updated methods for collecting transactional level data from Certified CDFIs. In anticipation of a second round of comment that will be initiated by the Office of Management and Budget (OMB), the CDFI Fund will be providing updated information and guidance documents for use by organizations interested in preparing public comment submissions. Organizations should check this site on a regular basis for updates and revised information.
Blackout Period: CDFI Certification Application
In July 2022, the CDFI Fund announced it is initiating a pause on all new CDFI Certification applications effective October 1, 2022. Please review the announcement and FAQ information below.
- CDFI Fund Implementing Blackout Period for new CDFI Certification Applications
(Updated - July 20, 2022)
- CDFI Certification Blackout Period: Frequently Asked Questions
(Updated - July 20, 2022)
Blackout Period: Certification Cure Period
CDFIs currently in a Certification cure period related to a 2021 or 2022 ACR Report Year submission are obligated to adhere to the specific deadlines and deliverables associated with that cure requirement during the blackout period. Please review the supplemental information below.
- CDFI Certification – Cure Related Period Conference Call (08/10/22)
(Updated - August 16, 2022)
2020 Request For Public Comment Information
In May 2020, the CDFI Fund request public comment period on a revised CDFI Certification Application and two Certification reports: the ACR and a new Certification Transaction Level Report (CTLR). The deadline to submit comments for consideration (for this comment period) was November 5, 2020. The documents below were provided as reference material to aid in the submission of comments, as well as to convey general information on the scope of proposed revisions.
For an overview of why the CDFI Fund was making these changes, please read this Message from CDFI Fund Director Jodie Harris here.
Frequently Asked Questions
In response to requests for clarifications of terms and procedures contained in the proposed CDFI Certification Application, ACR, and CTLR; and to assist organizations in developing responses to the solicitation for public comment, the CDFI Fund has provided a Frequently Asked Questions (FAQs) document.
Frequently Asked Questions: Proposed CDFI Certification Application, ACR and CTLR
Updated—October 19, 2020
CDFI Certification Application
The CDFI Fund solicited public comment on proposed changes to the CDFI Certification Application. Below are information resources about the revised CDFI Certification Application.
Annual Certification and Data Collection Report (ACR) & Certification Transaction Level Report (CTLR)
The CDFI Fund solicited public comment on proposed changes to the existing ACR as well as a new CTLR. The following provides information about the proposed revisions.
Webinar: Overview of the ACR and CTLR
(Please note that at 17:08 in the recorded webinar, the presenter indicates that the proposed revisions to the ACR and CTLR are open for a 60-day comment period. However, the comment period for the proposed ACR and CTLR revisions is actually open for 90 days)