The Community Development Financial Institutions Fund (CDFI Fund) is holding an informational conference call from 3 to 4 p.m. ET on August 10 for Community Development Financial Institutions (CDFIs) currently in a Certification cure period related to the submission of a 2021 or 2022 Annual Certification and Data Collection Report (ACR). Join by dialing 800-779-1636 and code: 2421115.
The CDFI Fund recently announced that on Oct. 1, 2022 it is implementing a blackout period for six months to prepare for the launch of the revised CDFI Certification Application and reporting requirements. During this time, CDFIs are required to maintain a state of good standing with respect to their CDF Certification status. 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. Failure to do so can result in a loss of certification during the blackout period.
To assist CDFIs currently in a certification cure period, or those awaiting a determination as to whether they will be placed in a cure period, the CDFI Fund is conducting a live conference call on Aug. 10, 2022. The call will provide general information on how CDFIs can satisfy the terms of a cure and resolve certification deficiencies during the coming CDFI certification application blackout period. The CDFI Fund strongly encourages the participation of a representative from any CDFI currently in a certification cure period.
Please note, the conference call will cover general issues related to the process for resolving certification-related cure issues. Organization-specific cure requirements will not be discussed during the conference call. Please submit an AMIS Service Request for individualized questions related to your organization’s particular cure obligations.