Interested in the Small Dollar Loan Program? Learn More and Get Ready to Apply Today!

Pre-Application Webinar Scheduled for April 27, 2022

Later this spring, the CDFI Fund will be accepting applications for the Small Dollar Loan Program (SDL Program). The SDL Program was created to encourage Certified CDFIs to establish and maintain small dollar loan programs and provide alternatives to high cost small dollar loans. For this program, small dollar loans are unsecured loans of up to $2,500. The grants may be used for two eligible activities, loan loss reserves and technical assistance activities.

VACANT

Certification Policy and Evaluation
Profile
VACANT
Program Manager

VACANT

Shannon McKay

Financial Strategies and Research
Shannon McKay
Shannon McKay
Program Manager

Shannon McKay is currently the Program Manager and Research Analyst in the Financial Strategies and Research Unit at the CDFI Fund. She has been with the CDFI Fund since 2019 where her portfolio has included managing the data collection, cleaning and report development of the Fund's Annual Certification and Data Collection (ACR) report, as well as supporting other research initiatives.

Prior to joining the CDFI Fund, Shannon was the Research Manager in the Community Development department at the Federal Reserve Bank of Richmond. Her research work there included small business lending, foreclosures, neighborhood stabilization, homelessness as well as workforce development and worker displacement. Shannon holds a Ph.D. in Urban Studies and Planning from MIT, a M.S. in Public Policy and Management from Carnegie Mellon University, and a B.A. in Economics from Vassar College.

Rightsizing the CDFI Certification Application Process

Over the past year, increased funding and enhanced recognition of the role Community Development Financial Institutions (CDFIs) play in facilitating economic recovery, inclusion and opportunity in distressed and underserved communities has generated a dramatic increase in the number of organizations seeking Certification as a Community Development Financial Institution (CDFI). 

Planning to Apply to the FY 2021 BEA Program Application Round? Review These Helpful Tips Today!

The CDFI Fund anticipates opening the fiscal year (FY) 2021 Bank Enterprise Award Program (BEA Program) application round in the fall of 2021. This will ensure that the CDFI Fund can review the applications and announce awards in the spring of 2022. If your FDIC-insured bank or thrift is contemplating submitting an application to the upcoming FY 2021 funding round for the BEA Program, you may find the following information helpful as you plan.

Heather Hunt

Compliance Monitoring and Evaluation
Heather Hunt
Heather Hunt
Program Manager

Heather Hunt is the Program Manager for the Office of Compliance Monitoring and Evaluation at the CDFI Fund. In this role she is responsible for the management of the CDFI Fund’s compliance reporting and monitoring functions. Prior to joining the CDFI Fund, she served as a Senior Consultant for Booz Allen Hamilton, where she provided outreach and analytical post-award monitoring support to National Science Foundation (NSF). She supported task efforts to assist NSF in implementing an outreach strategy targeted to the research grants community and underrepresented populations, and also conducted post-award desk reviews of NSF award recipients to ensure they were in compliance with OMB and NSF regulations. She holds a Bachelor of Science from George Mason University.

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