Message from the Director

CDFI Publish Date

The beginning of a new year is always a good time to pause a moment to reflect on the journey we have just completed as well as on the road that lies ahead.

In my Message from the Director in January 2011, I stated that, as remarkable as the CDFI FundŐs accomplishments were in 2010, we were committed to reaching even higher in 2011.

The conclusion of 2010 marks the end of a momentous year for the CDFI Fund. This year saw both the fifteenth anniversary of the CDFI Fund and the tenth anniversary of the New Markets Tax Credit. Both of these milestones attest to the stability and resilience of our still young organization.

As we near the mid-point of the fourth quarter of the 2010 fiscal year, the CDFI Fund continues to build on the strong foundation we have established since our inception.

The New Year marked the end of the first quarter of fiscal year (FY) 2010, and a good time to look ahead so that we are prepared to achieve the ambitious goals we set this year.

Today, as the CDFI Fund concludes fiscal year (FY) 2009, we look back on twelve months of unprecedented challenges and many great accomplishments.

At this mid-point in our fiscal year, I recently reflected on the Director's message I wrote last October in which I stated, ŇThe role that CDFIs play in serving distressed communities is more important than ever.Ó That phrase is something I've echoed a lot over the last six months, to anyone and

In the midst of the current national dialogue about the global economic crisis and how to resolve it, it is important that we not forget Americans living in distressed low-income communities across this nation.

CDFI Fund Director Donna Gambrell Selected to Serve in Treasury's Office of Financial Stability

Since its creation in 1994, the Community Development Financial Institutions (CDFI) Fund has awarded a total of $864 million to promote economic revitalization and community development through the CDFI Program, Bank Enterprise Award (BEA) Program, and Native Initiatives, which includes the Nativ