Over 2021, the Community Development Financial Institutions (CDFI) Fund will administer eight program rounds—their six existing programs; the new Small Dollar Loan Program (SDL Program); and the $1.25 billion CDFI Rapid Response Program (CDFI RRP) for COVID-19 pandemic relief.
Read MoreEnterprise Community Partners Inc. announced Dec. 14 it will take part in a $3.5 billion, five-year initiative to counter racial inequities in housing. Enterprise said it will contribute $10 million in capital to seed a $350 million growth fund to attract an additional $3.1 billion for the Equitable Path Forward initiative.
Read MoreAs a reminder for fiscal year (FY) 2020 Capital Magnet Fund applicants, the deadline for online submission of the SF-424 Mandatory through Grants.gov for this year’s funding round is June 26, 2020 at 11:59 pm ET. The deadline for online submission of the rest of the application materials through the CDFI Fund’s Awards Management Information System (AMIS) is July 27, 2020 at 5:00 pm ET.
Read MoreThe U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2020 funding round for the Capital Magnet Fund. The application process consists of two parts: submitting the SF-424 Mandatory form through Grants.gov and submitting the rest of the application through the CDFI Fund’s Awards Management Information System (AMIS).
Read MoreThe Department of the Treasury invites the general public to comment on proposed and/or continuing information collections. Currently, the Community Development Financial Institutions Fund (CDFI Fund) is soliciting comments concerning the Community Development Financial Institutions CDFI Program (CDFI Program), Native American CDFI Assistance Program (NACA Program) and New Markets Tax Credit Program (NMTC Program) Annual Report, including the Awards Management and Information System (AMIS) Compliance and Performance Report (ACPR).
Read MoreCinnaire was selected as one of the 184 Community Development Financial Institutions (CDFIs) to receive an award from the U.S. Department of Treasury’s CDFI Fund. The $1 million Financial Assistance award will be used to provide creative loans and flexible financing to support low-income, distressed communities throughout Cinnaire’s footprint
Read MoreAfter the recent closing of a $7 million equity investment in a 200-unit affordable housing property located in Vancouver, WA, Candeur Group surpassed $450 million in affordable housing investments. Candeur is an investment banking firm for the affordable housing industry providing financial products to developers for affordable syndication and preservation.
Read MoreThe U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released the application data for the fiscal year (FY) 2019 round of its Capital Magnet Fund program. A total of 113 organizations submitted applications requesting more than $522 million in funding. The applicants propose to serve 49 states, the District of Columbia and Puerto Rico. In total, 58 percent of the applicants are certified Community Development Financial Institutions (CDFIs), and the remaining 42 percent of the applicants are nonprofit affordable housing organizations.
Read MoreThe 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) 2019 round of the New Markets Tax Credit Program (NMTC Program). The NOAA makes up to $3.5 billion in tax credit allocation authority available for the CY 2019 round.
Read MoreThe Community Development Advisory Board will hold an open meeting on September 23, from 9 am 3 pm EST at the Department of the Treasury. The meeting will be open to the public who may either attend the meeting in-person (the venue will accommodate up to 50 members of the public on a first-come, first-served basis) or view it as a live webcast. W
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