CDFI Fund

General News

CDFI Fund Opens CY 2022 New Markets Tax Credit Application; Hosts Application Webinar Dec. 1

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released the Notice of Allocation Availability (NOAA) for the calendar year (CY) 2022 round of the New Markets Tax Credit (NMTC) Program.

General News

CDFI Fund Hosts CMF Pre-Application Webinar – Dec. 5

The Community Development Financial Institutions (CDFI) Fund is hosting a Capital Magnet Fund pre-application webinar on December 5.

General News

Comments on CDFI Certification Application Due Dec. 5

The revised Community Development Financial Institution (CDFI) Certification Application is available for public comment through December 5.

General News

FY 2022 CDFI Equitable Recovery Program Applications Due September 22

As a reminder for fiscal year (FY) 2022 CDFI Equitable Recovery Program (CDFI ERP) applicants, the deadline for online submission of the application through the CDFI Fund’s Awards Management Information System (AMIS) is Sept. 22, 2022 at 11:59 PM ET.

General News

CDFI Funds Holds Equitable Recovery Program Webinar – Aug. 25

The CDFI Fund will hold a CDFI ERP Supplemental FAQs webinar from 1 to 2:30 p.m. ET on August 25 to inform applicants about the FY 2022 CDFI Equitable Recovery Program (CDFI ERP) application.

General News

CDFI Fund Hosts Call for CDFIs in ACR-Related Cure Period – Aug. 10

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).

Treasury

CDFI Fund Pauses Acceptance of New CDFI Certification Applications, Target Market Modifications

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) will pause acceptance of new CDFI Certification Applications and requests for Target Market modifications for a period of six months beginning on Oct. 1, 2022.

Treasury

CDFI Fund Releases Updated Program Eligibility Information

The Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has established a plan for releasing updated program eligibility information based upon Census Bureau data from the 2016-2020 American Community Survey (ACS).

HUD

President Biden Releases FY2023 Budget Request

On Monday, the White House released its FY 2023 budget proposal, which requests $71.9 billion in discretionary funding for HUD and $50 billion for “Addressing Cost Pressures and Expanding Economic Capacity.”  

General News

FHFA Announces More than $1.1 Billion for Affordable Housing Programs

Federal Housing Finance Agency Acting Director Sandra L. Thompson announced the Housing Trust Fund (HTF) and the Capital Magnet Fund (CMF) will receive a total of $1.138 billion for affordable housing initiatives from Fannie Mae and Freddie Mac (the Enterprises).

Treasury

Application Demand for CY 2021 Round of the NMTC Program Released

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced that it received 199 applications under the calendar year (CY) 2021 round of the New Markets Tax Credit Program (NMTC Program).

General News

Updated NMT Application FAQs

The Community Development Financial Institutions Fund (CDFI Fund) updated Application FAQ in response to specific questions raised during a webinar.

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