Yes, any Affiliate that Controls the Applicant (except if the Controlling entity is a Tribal Government) or engages in the provision of Financial Products and/or in Financial Services, including those subject to the CDFI Certification collective review process, must each individually meet the following primary mission requirements:
- demonstrate that it has a mission currently in place that supports and/or is consistent with that of the Applicant’s;
- describe how the activities of any Affiliate(s) support and/or are consistent with the community development mission of the Applicant; and
- meet the CDFI Fund’s standards for responsible financing practices.
Affiliates that are separately Certified CDFIs or Community Development Entities (CDEs), as well as Affiliates whose sole activity is the participation in other federal financing programs and that have been identified as such in the Basic Information section of the Application – are presu med to meet the CDFI Certification primary mission requirements. Therefore, Applicants are not required to include such Affiliates in their responses when completing the Primary Mission section of the Application.