CDFI certification is a unique designation that provides organizations with opportunities to market themselves, which can be beneficial when seeking partnership opportunities, investments, grants and other funding opportunities. In particular, many government programs and private investors recognize CDFI certification as substantiation of an organization’s community development mission and products. As such, CDFI certification can be […]
Many times when we meet with potential clients, we hear them describe their “mission people” vs. their “operations people”. I was reminded of this at a lunch meeting this week with a client, who as a mission person described how those in charge of operations did not understand what CDFI designation meant to the organization. This […]
At this time of year, many of us resolve to make changes to improve our quality of life. Many resolve to lose weight, others to be more charitable. Some vow to improve their finances. These same principles can be applied to organizations. Perhaps your organization can develop strategies to cut the fat and operate more efficiently, avoid […]
The CDFI recently released additional guidance on the review process for applications submitted as part of a major recertification process announced earlier this year. The CDFI Fund’s mandatory recertification guidelines affect more than 700 certified CDFIs whose original or last date of CFDI certification occurred at least three years ago. The new FAQ addresses a […]
In the spirit of collaboration, FUND Consulting welcomed the opportunity to provide some insight into the recent CDFI recertification application and process, in a letter to the CDFI Fund: Mr. Robert Mulderig Program Manager Certification, Compliance, Monitoring and Evaluation Office Community Development Financial Institutions Fund U.S. Department of the Treasury 1500 Pennsylvania Avenue, NW Washington, DC […]
Earlier this week, the CDFI Fund released mandatory recertification guidelines that will affect the majority of certified CDFIs. As part of this mandatory recertification process, the CDFI Fund has released a new application and updated their investment area mapping system based on 2006-2010 American Community Survey (ACS) data from the U.S. Census Bureau. Under the […]