CDFI Certification

Step 3: Reporting

To maintain their Certification status and verify they continue to meet the Community Development Financial Institution (CDFI) Certification requirements, all Certified CDFIs are required to submit the Annual Certification and Data Collection Report (ACR). The ACR, which must be completed in the CDFI Fund’s Awards Management Information System (AMIS), allows the CDFI Fund to annually assess CDFIs’ compliance with Certification guidelines and collect data that provides insights into the CDFI industry.

On December 7, 2023, the CDFI Fund released the final version of a revised ACR and Transaction Level Report (LTR) to coincide with the release of the revised CDFI Certification Application.

Transaction Level Reporting Modifications

Under the revised CDFI Certification policies, all new Applicants as well as all currently Certified CDFIs will be required to submit a TLR, both as part of an initial Certification Application and then on an annual basis as part of their ACR submission package.

New Applicants will complete and submit an abbreviated version of the TLR—which has fewer data fields than the full-length version—prior to the submission of their CDFI Certification Application. This abbreviated TLR will be used to assess compliance with applicable Target Market percentage benchmarks in the Applicant’s proposed Target Market(s). In this abbreviated TLR, Applicants must report on origination activity for their most recently completed fiscal year prior to the submission of their Certification Application.

The version of the TLR submitted by Certified CDFIs—whether in reapplying for Certification or as part of their ACR—will vary by award status. CDFIs with an active Assistance Agreement (for a CDFI Program, NACA Program, CDFI RRP, or CDFI ERP award) will continue to submit the full-length version of the TLR which will be used to satisfy the TLR requirement of the Certification Application as well as the ACR. CDFIs that do not have an active Assistance Agreement will submit the new abbreviated version of the TLR to satisfy the TLR requirement of the Certification Application as well as the ACR.

TLR Webinar Series

The CDFI Fund conducts TLR Webinars (covering the Full-Length TLR, Abbreviated TLR, Consumer Loan Report, Loan Purchase Report, and Financial Services Report) which are intended to serve as a forum for certified and non-certified CDFIs to ask questions and discuss the TLR and its submission process.

Access Instructions

The schedule for TLR question and answer webinars is provided below. The CDFI Fund now uses Zoom for all webinar services. No prior registration is necessary. To access the upcoming webinars, use the link provided below.

https://www.zoomgov.com/j/1607711298?pwd=VbmbjaJrDYB0I3Mc0LJU2BdBMa8K2R.1

Meeting ID: 160 771 1298

Passcode: 823307

Find your local number: https://www.zoomgov.com/u/ajgtaWutj

Requests for reasonable accommodations under section 504 of the Rehabilitation Act should be directed to Jay Santiago at (202) 653-0300 no later than 48 hours before the webinar begins.

TLR Webinar Schedule

  • February 5, 2025: 1pm-2:30pm EST
  • February 25, 2026: 2pm-3:30pm EST
  • March 25, 2026: 2pm-3:30pm EST
  • April 29, 2026: 2pm-3:30pm EST
  • May 27, 2026: 2pm-3:30pm EST
  • June 10, 2026: 2pm-3:30pm EST

Annual Certification and Data Collection Report Modifications

The ACR verifies that Certified CDFIs continue to meet the requirements of Certification. Currently, Certified CDFIs are required to submit an ACR on an annual basis within 90 days of the end of their organization’s fiscal year. Data collected under the new ACR has been substantially modified to align with final changes to the CDFI Certification Application, as well as with information collected in the abbreviated TLR.

  • Organizations certified as CDFIs using the revised CDFI Certification Application will now be required to submit the new ACR within 180 days of their fiscal year end. This updated ACR will only be used by those Certified as CDFIs using the revised CDFI Certification Application.
  • Currently Certified CDFIs will follow the new ACR submission process once they recertify under the revised Certification Application. The recertification process ensures that currently Certified CDFIs are held to the same evaluation, benchmarks, and review criteria as newly Certified CDFIs.
  • Currently Certified CDFIs still must submit the ACR under the current 90 days deadline, until they are recertified under the revised Application.

Unless otherwise notified by the CDFI Fund, all CDFIs are required to complete the ACR on an annual basis in order to maintain their Certification status. Failure to file the ACR may result in loss of Certification status and lead to additional sanctions for CDFIs that are program Recipients. Full details about the new ACR and TLR requirements can be found in the Related Materials section below.

Material and information related to previous rounds of requests for comments on the CDFI Certification Application and related tools, as well as updates related to this process can be accessed on the CDFI Fund website.

ACR Webinar Series

The CDFI Fund conducts quarterly Annual Certification and Data Collection Report (ACR) Webinars which are intended to serve as a forum for certified CDFIs and other ACR stakeholders to ask questions and discuss the ACR and its submission process.

Access Instructions

The schedule for ACR question and answer webinars are provided below. The CDFI Fund now uses Zoom for all webinar services. No prior registration is necessary. To access the current monthly webinars, use the link provided below.

https://www.zoomgov.com/j/1612920939?pwd=qXfK9n0kvOmFu8cHRShfotugoX7ula.1

Meeting ID: 161 292 0939

Passcode: 156973

Find your local number: https://www.zoomgov.com/u/azEi6Fma0

Requests for reasonable accommodations under section 504 of the Rehabilitation Act should be directed to Jay Santiago at (202) 653-0300 no later than 48 hours before the conference call begins.

**ACR Quarterly Webinar Schedule **

  • Thursday, March 13, 2025 – 3:00pm – 4:00pm Eastern
  • Thursday, June 11, 2025 – 3:00pm – 4:00pm Eastern
  • Thursday, September 11, 2025 – 3:00pm – 4:00pm Eastern
  • Thursday, December 11, 2025 – 3:00pm – 4:00pm Eastern

REVISED ANNUAL CERTIFICATION AND DATA Collection Report

Entities Certified under the revised CDFI Certification Application are required to submit the revised version of the ACR according to the submission date shown on their ACR Reporting Schedule in AMIS.

Related Materials:

CURRENT ANNUAL CERTIFICATION AND DATA COLLECTION REPORT

The current ACR applies to those organizations that became Certified CDFIs under the prior CDFI Certification Application (i.e. organizations with a status of Certified as of the date the revised CDFI Certification Application opens in AMIS on December 20, 2023). These CDFIs must submit the current version of the ACR according to the submission date shown on their ACR Reporting Schedules in AMIS.

MATERIAL EVENTS