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41. How will the CDFI Fund treat a Certified CDFI whose predominant activity during a given fiscal year is something other than the provision of Financial Products and/or Financial Services (as measured by assets and/or staff time), as a result of economi

FAQ Question

41. How will the CDFI Fund treat a Certified CDFI whose predominant activity during a given fiscal year is something other than the provision of Financial Products and/or Financial Services (as measured by assets and/or staff time), as a result of economic conditions and/or a temporary spike in a non-financing activity?

FAQ Answer

The CDFI Fund may allow a Certified CDFI to maintain its certification status by demonstrating compliance with the predominance test over a three-year fiscal period through the last day of its most recently completed fiscal year.