2017 CDFI Fund Program Awards Announced

2017 CDFI Fund Program Awards Announced

Today the CDFI Fund announced $208.7 in CDFI Fund Program Awards, including: $171.1 million in Financial Assistance and Technical Assistance to 265 organizations in 46 states and the District of Columbia; $22 million to 13 CDFIs through the Healthy Food Financing Initiative Financial Assistance awards (HFFI-FA); and $15.6 million in FY 2017 NACA Program Financial Assistance and Technical Assistance to 38 organizations in 21 states. […]

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Dakotas America Hosts Rural Finance Gathering

Federal community development funding, as measured as a share of GDP, has declined by 75 percent over the least 40 years. Federal policy has increasing relied on private-sector resources to fill the gap. Through the NMTC and CDFI programs, community development organizations are filling the yawning credit gap encountered in many communities, creating jobs improving housing and community facilities and creating economic opportunity. This is […]

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The President’s Budget Delivers a Devastating Blow to Economic Development

The President’s Budget Delivers a Devastating Blow to Economic Development

President Trump released his Fiscal Year (FY) 2018 budget today entitled, “America First: A Budget Blueprint to Make America Great Again.” The plan, as was reported a few weeks ago, makes deep cuts or eliminates many programs serving economically distressed rural communities and urban neighborhoods.  The proposal would all but eliminate Treasury’s Community Development Financial Institutions (CDFI) Fund, cutting $210 million and eliminating support for […]

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Has your organization signed the CDFI Fund Appropriations letter?

As you know, the CDFI Fund appropriations are in need of strong congressional support for both Fiscal Year (FY) 2017 and 2018. Reports on the Trump Administration’s “skinny budget” would “all, but eliminate” the CDFI Fund. While nothing is confirmed, the CDFI Coalition is working to demonstrate the importance of these programs to communities nationwide. With that in mind, we are asking organizations, businesses and […]

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Connecting with Local CDFIs: Coalition Chair Visits Native CDFIs

By James R. Klein, CDFI Coalition Chair “Not knowing when the dawn will come I open every door.” ― Emily Dickinson Dickinson’s quote points out a fairly well known principle that is oft forgotten, or at least overlooked. We miss a lot of good things by not attempting to do them. As Chair of the CDFI Coalition Board, I’ve taken this little life lesson to […]

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Chairman’s Letter to the Membership

As we begin to stretch into 2016, I have recovered from its newness and have begun to process and project where we’ve been and where we can go. I was pleased and encouraged by this year’s CDFI Institute’s focus on “Planning the Future of CDFIs”.  The sessions were a great conversation on the past and future of the industry and presented pragmatic insight that challenged […]

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CDFI Fund Opens FY 2016 Funding Round for CDFI Program and NACA Program

CDFI Fund Opens FY 2016 Funding Round for CDFI Program and NACA Program

The NOFAs for the CDFI Fund and NACA Programs were posted on the federal registry this morning and the Fund released the applications this afternoon, opening the FY 2016 Funding Round for both programs. In the spending deal reached in December, Congress appropriated the CDFI Fund $190.5 million in FY 2016 in Financial Assistance (FA) and Technical Assistance (TA) awards to be divided as follows: […]

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Treasury Guarantees $327 Million in Bond Funding for Projects in Low-Income Communities

Treasury Guarantees $327 Million in Bond Funding for Projects in Low-Income Communities

CDFI Fund announced today that an additional nine bond loans, totaling $327 million, were guaranteed in fiscal year (FY) 2015, bringing the total guaranteed to date to $852 million. All of the bond proceeds, provided through the Community Development Financial Institutions Bond Guarantee Program (CDFI Bond Guarantee Program), will provide long-term, fixed rate capital for projects in low-income and underserved communities. “I am very pleased to […]

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CDFI Fund Announces $18 Million in Bank Enterprise Awards for Investment in Low-Income Communities

CDFI Fund Announces $18 Million in Bank Enterprise Awards for Investment in Low-Income Communities

PRESS RELEASE FROM THE CDFI FUND, September 21, 2015: Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $18.1 million in grant awards to 83 FDIC-insured financial institutions for serving economically distressed communities across the nation. These funds are awarded under the fiscal year (FY) 2015 round of the Bank Enterprise Award Program (BEA Program), and they will support […]

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CDFI Fund Opens Application Period for FY 2015 CDFI Bond Guarantee Program

CDFI Fund Opens Application Period for FY 2015 CDFI Bond Guarantee Program

CDFI Fund Opens Application Period for FY 2015 CDFI Bond Guarantee Program   Up to $750 Million in Bond Guarantee Authority Available The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2015 application period for the CDFI Bond Guarantee Program. Application materials are available on the CDFI Fund’s website in anticipation of the publication of […]

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