64. Can board membership with a non-Affiliated, third-party, community development mission-driven organization that primarily provides services to Low-Income people be used as a means of accountability to a particular Target Market?

FAQ Question
64. Can board membership with a non-Affiliated, third-party, community development mission-driven organization that primarily provides services to Low-Income people be used as a means of accountability to a particular Target Market?
FAQ Answer

No, for the purposes of CDFI Certification the CDFI Fund does not consider status as a board member of a third-party, mission-driven organization by itself to demonstrate a sufficient level of accountability to a Target Market. However, such an individual still may be treated as accountable to a Target Market if it meets one of the other accepted means of accountability, for example, as resident of a qualified Investment Area census tract or as a member of a Targeted Population.