CDFI Tag Archives

Request for Public Comment: CDFI Program, NACA Program and NMTC Program Annual Reports

| Federal / Agency News

The 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).

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Cinnaire Receives $1 Million CDFI Fund Award

| Member News

Cinnaire 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

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CDFI Fund Releases FY 2019 CMF Application Demand

| Federal / Agency News

The 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.

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Two House Committee on Appropriations Subcommittee Hearings

| Federal / Agency News

This week House Committee on Appropriations Subcommittees will hold two housing-related hearings.

On Tuesday, Feb. 26 at 10 am the Financial Services and General Government Subcommittee will hold a hearing on “Leveraging Private Capital For Underserved Communities and Individuals: A Look Into Community Development Financial Institutions” in the Rayburn House Office Building, room 2362-A.

On Wednesday, Feb. 27 at 10 am the Transportation, Housing and Urban Development, and Related Agencies Subcommittee will hold a hearing on “Stakeholder Perspectives: Fair Housing” in the Rayburn House Office Building, room 2358-A.