Working group formed to help CDFIs access capital for affordable housing
The CDFI Fund and FHFA announced the establishment of a working group to increase capital for affordable housing needs from ...
Tag: CDFI
FHFA proposes changes to Federal Home Loan Bank governance
The Federal Housing Finance Agency issued a notice of proposed rulemaking that would make substantial changes to the governance structure ...
Report: FHLBanks’ support for affordable housing grew 67 percent in 2023
The 11 Federal Home Loan Banks approved approximately $446.9 million in total affordable housing program funds in 2023, representing a ...
CDFI Fund guarantees $498M in bond funding for projects in low-income communities
The CDFI Fund announced an agreement to issue three guarantees worth $498 million under the CDFI Bond Guarantee Program, the ...
CDFI Fund seeks public input on Capital Magnet Fund application
The CDFI Fund is seeking public comment on the application for the Capital Magnet Fund, which makes financial assistance grants ...
CDFI Fund awards $40M to banks serving distressed areas
The awards provide financial incentives to FDIC-insured depository institutions that “exhibit a quantifiable increase in investments directed toward CDFIs or ...
ABA: Proposed changes to financial aid program could harm CDFI, MDI participation
ABA raised several concerns about proposed changes to a Treasury Department program that invests in CDFIs and minority depository institutions ...
New appointments made to CDFI Fund advisory board
President Biden appointed four new members to the Community Development Advisory Board, which advises the CDFI Fund on policies regarding ...
CDFI Fund revises guidance, adjusts early reapplication deadline
The CDFI Fund revised its FAQs for CDFI certification applications, revised guidance for its pre-approved target market assessment methodology and ...
ABA, associations: Revised application process will impede CDFI recertification
The CDFI Fund’s revised application process will make it difficult for many mission-focused CDFI banks to achieve recertification unless further ...
