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Yes. CDFIs are still required to submit an ACR in accordance with their existing ACR reporting schedule as listed in AMIS.
If you are a CDFI that is currently in a cure period related to a 2021 or 2022 ACR Report Year submission, you are still obligated to adhere to the specific deadlines and deliverables associated with that cure requirement. Failure to do so can result in a loss of Certification during this blackout period.
As we move into the latter half of 2022, I wanted to take a moment to provide a short update about the Community Development Financial Institutions Fund’s (CDFI Fund’s) programs and initiatives.
Earlier today, the Community Development Financial Institutions Fund (CDFI Fund) opened applications for the CDFI Equitable Recovery Program. The CDFI Fund team has spent the past year diligently working to deploy $1.75 billion in supplemental COVID-19 recovery resources that were included in the Consolidated Appropriations Act, 2021 (Pub. L. 116-260) to help CDFIs respond to the economic effects of the COVID-19 pandemic.
Pooja Patel is the Program Manager for the CDFI Program and Native Initiatives. Pooja has nearly 20 years of experience related to federal affordable housing and community economic development programs. Prior to joining the CDFI Fund, Pooja was a Senior Director at ICF. In this role, she managed a portfolio of projects focused on the successful design and administration of federal community development programs, including establishing and evaluating policies, guidelines, and methodologies that guide program operations.
U.S. Small Business Administration
The US Census Bureau defines disability as a long-lasting physical, mental, or emotional condition. This condition can make it difficult for a person to do activities such as walking, climbing stairs, dressing, bathing, learning, or remembering, which can impede a person’s ability to go outside the home alone or to work at a job or business. Vision impairment, mental illness, diseases such as diabetes or multiple sclerosis are examples of disabilities.
For those preparing to apply for the fiscal year (FY) 2022 CDFI Equitable Recovery Program application round, the CDFI Fund has recorded an informational pre-application webinar. Topics covered include setting up your critical SAM.gov and Grants.gov accounts, adjusting your organizational profile in the Awards Management Information System (AMIS), and other ways your organization can prepare in advance for the FY 2022 application round.
Interested in applying to the upcoming fiscal year (FY) 2022 funding round for the CDFI Equitable Recovery Program (CDFI ERP)? The Community Development Financial Institutions Fund (CDFI Fund) is tentatively planning to open the fiscal year (FY) 2022 CDFI ERP application round later this spring. Now is a great time for organizations to begin to prepare to apply for a CDFI ERP award.