8. How do entities subject to the collective review process meet the CDFI Certification Accountability requirements?

To meet the Accountability test when subject to the CDFI Certification Collective Review process, each Applicant must demonstrate Accountability to its identified Target Market through a governing board or advisory board. In addition, each Affiliate must demonstrate Accountability to its own Collective Review Market components through its own governing board or advisory board—even if an Affiliate’s Collective Review Market type(s) is the same as the Applicant’s proposed CDFI Certification Target Market.