Reminder: Annual Compliance, Certification and Reporting Obligations

Are you the Authorized Representative of either a Certified Community Development Financial Institution (CDFI) or an organization that has received a Community Development Financial Institutions Fund (CDFI Fund) Award and/or Allocation? If so, don’t forget that in order to maintain your organization’s CDFI Certification status, you must submit the Annual Certification and Data Collection Report (ACR). Additionally, to ensure compliance with your Award, Assistance and/or Allocation Agreement(s) you must complete and submit the annual report(s) specified in these agreement(s). 

Failure to file required annual compliance and Certification reports or advise the CDFI Fund of certain Material Events may result in default and/or noncompliance with your organization’s Award, Assistance and/or Allocation Agreement(s), or termination of your CDFI Certification.

The due dates to submit annual compliance report(s) vary by fiscal year end date and type of award, as well as by the specific terms within each organization's individual Award, Assistance and/or Allocation Agreement(s). The due date for Certified CDFIs to submit the ACR also varies by fiscal year end date. This reminder is specifically for organizations with Award, Assistance and/or Allocation Agreements, as well as ACRs, which have an upcoming report(s) due by September 30, 2023.

While the CDFI Fund is still currently not accepting NEW CDFI Certification Applications, Certified CDFIs are still required to submit an ACR in accordance with their existing ACR reporting schedule, as listed in the Awards Management Information System (AMIS), to maintain their Certification status.

How to Check Your Report Date

  • CDFI Fund Recipients and/or Allocatees: The due date(s) for your organization’s required report(s) can be found in the Award, Assistance and/or Allocation Agreement(s) on the Reporting Schedule in AMIS. Please review the Agreement(s) applicable to your organization to check if you are required to report at this time and for additional information about annual reporting requirements.
  • All Certified CDFIs:  The due date(s) for your organization’s Annual Certification and Data Collection Report can be found in the ACR Reporting Schedule in AMIS. Please review the ACR Reporting Schedule in AMIS to check if you are required to report at this time.

Extension for CDFI/NACA/RRP and NMTC Transaction Level Report Due Dates

All CDFI/NACA/RRP Award Recipients and NMTC Allocatees with a TLR due date between 8/31/2023 and 11/30/2023 have a new due date of 12/31/2023. This due date change was done so that the CDFI Fund could implement changes in AMIS to the CDFI/NACA/RRP TLR and NMTC Allocatee TLR. At this time, the Organization Name Look-up Capability in AMIS for the TLRs is disabled until the CDFI Fund completes its deployment later this year of new features to the TLR for the CDFI, NACA, RRP, and NMTC programs. Users may still access the geocoding Import and Template download at the bottom of the TLR page in AMIS. If you have any questions, please submit an AMIS service request with "TLR Upload Lockout" as the subject heading. The CDFI Fund will send out an email once the TLRs have fully reopened in AMIS.

Annual Certification and Data Collection Report Deadline Reminder

All Certified CDFIs are required to submit ACRs on an annual basis. CDFIs must submit their ACRs, in AMIS, within 90 days of the end of their organization’s fiscal year, unless directed otherwise by the CDFI Fund. 

For the 2023 reporting cycle, all Certified CDFIs, regardless of their date of Certification, will be required to submit an ACR. Currently Certified CDFIs will NOT lose their Certification or be placed into a cure based on accurate analysis or responses to the 2023 ACR. However, an organization may have its Certification terminated if they fail to submit their 2023 ACR by the required deadline. Submission of the ACR on an annual basis is a requirement of CDFI Certification.

The AMIS ACR Reporting Schedule displays the due date for the ACR based on the organization’s fiscal year end, unless directed otherwise by the CDFI Fund. If an organization received its initial CDFI Certification after the 2023 ACR reporting cycle opened in December 2022, then its 2023 ACR due date is more than likely not within the 90 days of the end of the organization’s fiscal year window. The ACR Reporting Schedule section is located at the bottom of the Certification Related page in AMIS. Additional information on the AMIS Reporting Schedule can be found in the AMIS Training Manual – Annual Certification and Data Collection Report available on the CDFI Fund’s website. Be sure to check whether your organization’s fiscal year end is correct on your AMIS Organizational Detail Page.

Failure to file the required ACR will result in a loss of status as a Certified CDFI and may lead to additional sanctions for CDFIs that are program Recipients.

Advise the CDFI Fund of Material Events

As specified in the terms of your organization’s Award, Assistance and/or Allocation Agreement(s), please remember that your organization is required to advise the CDFI Fund of an occurrence of a Material Event, which should be submitted via a Service Request initiated in your organization’s AMIS account. CDFI Fund Recipients with active awards are required to submit a Material Events form within 30 days of the occurrence of a material event. New Market Tax Credit Program (NMTC Program) Allocatees are required to submit a Material Events form within 20 days of the occurrence of material event, including all necessary supporting documentation with the Material Events form submission. Please refer to your Award, Assistance and/or Allocation Agreements(s) for guidance regarding submission of a Material Events form.

The CDFI Fund is reminding all Certified CDFIs, Certified CDEs, as well as program Recipients and/or Allocatees to review their recent organizational history to determine if a Material Events form should be submitted. Certified CDFIs that do not have an Award, Assistance and/or Allocation Agreement should report changes in their organization’s fiscal year end through the AMIS Service Request portal.

Submission of Audit Confirmation Requests

Hard copy submissions of CDFI audit confirmation requests for information should no longer be mailed to the CDFI Fund. CDFI Recipient auditors should now submit all audit confirmation requests via email to FMAuditConfirmations@cdfi.treas.gov. This includes but is not limited to verifications, validations, and confirmation of balances of financial assistance received from the CDFI Fund.

The CDFI Fund will respond to all audit confirmation requests by email, only. As such, requests must include an email address and instructions of where the CDFI Fund should deliver the requested information. Questions regarding the process for submitting audit confirmation requests can also be submitted via email at FMAuditConfirmations@cdfi.treas.gov.

Updates for CDFI Program Healthy Food Financing Initiative-Financial Assistance Award Recipients

All CDFI Program Healthy Food Financing Initiative-Financial Assistance Recipients (HFFI) are now required to enter aggregate HFFI data in their Performance Progress Report (PPR), just as they enter aggregate data for the other deployment performance goals. Keep in mind, HFFI Recipients must continue to enter individual HFFI data in the CDFI Transaction Level Report (TLR).

For More Information

The CDFI Fund has developed training materials to help users better navigate AMIS. All AMIS training manuals and information can be found on the AMIS Training Materials page at https://amis.cdfifund.gov/Training. Information and instructions on submitting annual compliance and certification reports, as well as Material Events forms can be found on the CDFI Fund’s website at the following links:

If you have questions about the annual compliance and certification reports, or Material Events please submit a Service Request via your organization’s AMIS account. For more information about the CDFI Fund and its programs, please visit www.cdfifund.gov.

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