Community Development Financial Institutions (CDFIs) play an essential role in fostering economic growth and supporting development in communities underserved by traditional financial institutions. To maintain their status as a certified CDFI, and continue delivering on their mission, CDFIs must …
CDFI FUND IMPACT BLOG
- The Community Development Financial Institutions Fund’s (CDFI Fund) Capital Magnet Fund (CMF) resumed accepting CMF Performance Reporting data in the CDFI Fund’s Awards Management Information System (AMIS) on February 7, 2025. In August 2024, the CDFI Fund paused the acceptance of CMF Project and …
- Interested in applying to the upcoming fiscal year (FY) 2025 funding round for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program)? The Community Development Financial Institutions Fund (CDFI Fund) is tentatively planning …
- As previously announced, the next round of the New Markets Tax Credit Program (NMTC Program) will make $10 billion in Allocation Authority available, and the round will span calendar years (CYs) 2024 and 2025. The CDFI Fund is tentatively planning to open the CY 2024-2025 NMTC Program Allocation …
- Interested in applying to the upcoming fiscal year (FY) 2024 funding round for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program)? The Community Development Financial Institutions Fund (CDFI Fund) is tentatively planning …
- CDFI Fund releases two industry reports and a guide for Native entities. Eighteen months ago, the CDFI Fund launched the NMTC Native Initiative with the goal to increase New Markets Tax Credit (NMTC) investments in NMTC Native Areas[i] . Since the NMTC Program’s inception, the CDFI Fund has recorded …
- This post was originally published on the CDFI Fund’s Impact Blog. The CDFI Fund is tentatively planning to open the calendar year (CY) 2023 New Markets Tax Credit Program (NMTC Program) Allocation Application round in the fall of 2023. If you are considering applying for the upcoming CY 2023 …
- Pre-Application Webinar Scheduled for October 4, 2023 Later this fall, the Community Development Financial Institutions Fund (CDFI Fund) will be accepting applications for the Small Dollar Loan Program (SDL Program). The SDL Program was created to encourage Certified CDFIs to establish or expand …
- Since its inception in 2008, the Capital Magnet Fund (CMF) has awarded nearly $1.1 billion in funding to create and preserve affordable housing for Low-Income families and economically distressed communities. Through the program, the Community Development Financial Institutions Fund (CDFI Fund) …
- If your FDIC-insured bank or thrift is contemplating submitting an application to the upcoming fiscal year (FY) 2023 funding round for the Bank Enterprise Award Program (BEA Program), you may find the following information helpful as you plan. The CDFI Fund anticipates opening the FY 2023 BEA …
- Recently, the CDFI Fund announced the selection of a contractor to administer the New Markets Tax Credit (NMTC) Native Initiative, which is an effort to increase NMTC investments in NMTC Native Areas[1]. The genesis of this new initiative, in part, stems from the CDFI Fund’s Strategic Plan that …
- For those preparing to apply for the fiscal year (FY) 2022 CDFI Equitable Recovery Program application round, the CDFI Fund has recorded an informational pre-application webinar. Topics covered include setting up your critical SAM.gov and Grants.gov accounts, adjusting your organizational profile in …
- Over the past year, increased funding and enhanced recognition of the role Community Development Financial Institutions (CDFIs) play in facilitating economic recovery, inclusion and opportunity in distressed and underserved communities has generated a dramatic increase in the number of organizations …