Alexandria, VA The National Credit Union Administration and the U.S. Treasury Department's Community Development Financial Institutions Fund today signed an agreement that will streamline the application process for low-income credit unions to become certified as Community Development Financial Institutions.
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The federal bank regulatory agencies, the Federal Reserve Bank of San Francisco, and the Community Development Financial Institutions Fund will host the 2016 National Interagency Community Reinvestment Conference in Los Angeles from February 8 to 10.
Up to $750 Million in Bond Guarantee Authority Available
Today, the U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) released the schedule of the next set of free webinars through the Capacity Building Initiative's "Expanding CDFI Coverage in Underserved Areas" series. The webinars, provided by Opportunity Finance Network and its partners, will be held between January 2016 and April 2016.
The Community Development Financial Institutions Fund (CDFI Fund) has provided an updated Frequently Asked Questions (FAQ) document for NMTC compliance on its website. This document supersedes the December 2014 and October 2015 publications of the FAQ document by adding, revising, or updating select questions from these earlier editions. Updated guidance includes:
Today, the Community Development Financial Institutions Fund (CDFI Fund) announced the winner of its 2015 Innovation Challenge. The winner, Association for Enterprise Opportunity (AEO), has been awarded a one-year contract to test an innovative way of partnering Community Development Financial Institutions (CDFIs) with small businesses in low-income areas that need investment.
The electronic application for the 2015 round of the New Markets Tax Credit Program (NMTC Program) is available for applicants through their Awards Management Information System (AMIS) accounts.
Today, the U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) released the details of an upcoming webinar that will be provided as part of the Capacity Building Initiative's "Building Native CDFIs' Sustainability and Impact" training series.
The CDFI Fund will be performing planned system maintenance next weekend. As a result, www.cdfifund.gov will be unavailable beginning 10 p.m. Eastern Time Friday, November 6 through 6 a.m. Eastern Time Saturday, November 7, 2015.
The Community Development Financial Institutions Fund (CDFI Fund) has provided supplemental guidance to potential calendar year (CY) 2015 New Markets Tax Credit Program (NMTC Program) applicants by updating the NMTC Compliance Monitoring Frequently Asked Questions document on its website.