UPDATE FROM CDFI FUND DIRECTOR JODIE HARRIS: CDFI FUND EXPANDS TARGET MARKET ELIGIBILITY FOR PAYROLL PROTECTION PROGRAM LENDING
As we enter December and the end of 2020 approaches, I and the Community Development Financial Institutions Fund (CDFI Fund) team hope that you, your family, and your colleagues are healthy and keeping safe during the holiday season.
CDFI Helps Childcare Entrepreneur Realize Her Dream
A major logistical and economic decision facing American families is finding quality affordable childcare. This is especially difficult for low-income families. According to the US Census Bureau, low-income families (less than 200% of the poverty level; or less than $50,000 for a family of four) spend 35% of their family’s monthly income on child care costs (US Census Bureau, Survey of Income and Program Participation, 2014 Panel Wave 3).
MESSAGE FROM DIRECTOR JODIE HARRIS
Since my last update, I know that many of us have been dealing with a high degree of uncertainty in both our organizations and our communities. The "new normal" created by the ongoing COVID-19 pandemic continues to affect day-to-day life—from how to we work, to how we take care of our families, to how we interact with the world.
REQUEST FOR PUBLIC COMMENT ON CDFI CERTIFICATION APPLICATION AND REPORTING TOOLS
Supporting CDFI Growth and Innovation through New Certification Application and Reporting Procedures
At the Community Development Financial Institutions Fund (CDFI Fund), we value the important work that Certified Community Development Financial Institutions (CDFIs) do. We know that CDFIs are being asked to do more than ever before in delivering capital and credit to families, businesses and communities across the nation. And we want to continue to support CDFIs the best way that we can, evolving our policies where possible to meet the modern needs of CDFIs.
Get Ready for the FY 2020 Capital Magnet Fund Round: Webinar and Important Tips!
Interested in applying to the upcoming fiscal year (FY) 2020 funding round for the Capital Magnet Fund? You may find the following information helpful in getting started. The CDFI Fund is tentatively planning to open the FY 2020 application round in late spring 2020.
PeopleFund CDFI Helps Kickboxing Center Kick Hurricane Harvey's Devastation
Recovering from a disaster is a long, traumatic, and expensive process for survivors and the communities in which they live. In distressed and underserved areas, where insurance or private financial resources are often unaffordable or unavailable, recovery is an even more daunting effort.