These questions and answers highlight key issues and topics related to the policy and procedures concerning the CDFI Fund Certification blackout period. They are intended only as general information.
Annual Certification And Data Collection Report (ACR) Submission
Yes. CDFIs are still required to submit an ACR in accordance with their existing ACR reporting schedule as listed in AMIS.
If you are a CDFI that is currently in a cure period related to a 2021 or 2022 ACR Report Year submission, you are still obligated to adhere to the specific deadlines and deliverables associated with that cure requirement. Failure to do so can result in a loss of Certification during this blackout period.
If your organization is waiting to see if it will be placed in a cure period for a CDFI Certification-related issue, the CDFI Fund will communicate this determination through your organization’s AMIS account. However, during the blackout period the CDFI Fund will be prioritizing its work verifying remedies from those CDFIs in an existing cure period.
For those organizations currently in a cure period that need information on how to resolve Certification deficiencies, please refer to the communication from the CDFI Fund in your AMIS account. This notification provides detailed information on the specific actions that must be taken—and the associated deadlines—in order for your organization to satisfy the terms of the cure period.
The CDFI Fund held a cure period conference call on August 10, 2022, you can access the recording here. The call provided general information on how CDFIs can satisfy the terms of a cure and resolve Certification deficiencies during the coming CDFI Certification Application blackout period. Additional information on the cure period are located on the CDFI Certification Application & Data Collection Reporting Revisions page.