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 […]
On October 28, 2013 The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released its fiscal year (FY) 2014 Notice of Funds Availability (NOFA) for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program). The Administration’s FY 2014 Budget for the CDFI Fund requests […]
The New Markets Tax Credit (NMTC) program was established by Congress in 2000 to spur new or increased investments into operating businesses and real estate projects located in low-income communities. The program attracts investment capital to low-income communities by permitting individual and corporate investors to receive a tax credit against their Federal income tax return […]
Last week the CDFI Fund released the long-awaited Notice of Guarantee Availability (NOGA) and application documents for the inaugural round of the CDFI Bond Guarantee Program. Applications for the program will be accepted through 11:59 PM EDT on Wednesday, July 17, 2013. The CDFI Bond Guarantee Program was first enacted through the Small Business Jobs […]
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 […]
Earlier this week the CDFI Fund announced the availability of approximately $17.1 million in funding for the Bank Enterprise Award (BEA) program. The BEA Program supports FDIC-insured financial institutions around the country that are dedicated to financing and supporting community and economic development activities. The BEA Program complements the community development activities of insured depository […]
The CDFI Fund has released the long-anticipated interim rule on the CDFI Bond Guarantee Program. The interim rule was published in the Federal Register on Tuesday, February 5 and the CDFI Fund seeks public comment on the rule through April 8, 2013, at which time the rule will go into effect. The CDFI Bond Program […]
Today the CDFI Fund opened the FY 2013 funding round for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance (NACA) programs. Awards under the CDFI and the NACA Program help to support CDFIs and expand their capacity to provide access to credit, capital, and financial services to low-income communities and […]
Recently the CDFI Fund announced the award recipients for the FY 2012 Community Development Financial Institutions (CDFI) and Native American CDFI Assistance (NACA) Programs. The FY 2012 award announcement was the largest in the CDFI Fund’s history, and a record 210 CDFI’s received a combined $186,853,456 in Financial Assistance (FA) and Technical Assistance (TA) awards. […]
The National Federation of Community Development Credit Unions is currently accepting applications from community development credit unions (CDCUs) for its Community Development Investment Program (CDIP). Applications will be accepted for the next Secondary Capital, PRIDE Deposit and Micro-Enterprise Deposit funding round. Only CDCU members in good standing may apply for products from CDIP unless otherwise […]