MESSAGE FROM THE DIRECTOR

 It's such a pleasure to have this opportunity to update community development organizations across the country on the CDFI Fund's recent progress and activities. The year 2013 may be only a month old, but the CDFI Fund has been busy with fiscal year 2013 since October 1, 2012. Behind the scenes we have been diligently reviewing applications for 2012 New Markets Tax Credit Allocations, laying the groundwork for the 2013 rounds of the CDFI Program and Native American CDFI Assistance Program, and developing the 2013 application for the Bank Enterprise Award Program.

ARCHIVED MESSAGE FROM THE DIRECTOR

At the end of 2008, during the worst financial crisis in over 50 years, the CDFI Fund's Community Development Advisory Board formed a special subcommittee to examine the crisis and its effect on CDFIs across the United States. The subcommittee produced a number of important recommendations based upon direct input from all types of CDFIs that attended listening sessions, participated in conference calls, and provided written comments.

ARCHIVED MESSAGE FROM THE DIRECTOR

In my Message from the Director in January 2011, I stated that, as remarkable as the CDFI FundŐs accomplishments were in 2010, we were committed to reaching even higher in 2011. I am very pleased to report that in the first half of 2011, we have continued to build upon the impressive record we established last year and, indeed, are reaching new heights.