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 ...
Tag: CDFI
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 ...
CDFI Fund seeks comment on proposed reporting changes
The Community Development Financial Institutions Fund today announced it is seeking public comment on changes to its reporting to capture ...
Fed’s Bowman touts benefits of banks, CDFIs in rural communities
Smaller banks, including community banks, are indispensable in providing access to financial products and services, especially in remote or rural ...
Mission Driven Bank Fund announces new investments in CDFI, MDI banks
Latest investments support banks serving communities of color in California and Florida.
House subcommittee budgets $276 million for CDFI Fund in draft appropriations bill
A House subcommittee budgeted $276.6 million for the Community Development Financial Institutions Fund in its draft fiscal year 2025 appropriations ...
Fed’s Cook: CDFIs face many challenges in current economic climate
As “financial first responders,” community development financial institutions have the creativity and funding structures to assist low-income communities, but they ...
New York Fed: CDFI loan volume doubled in recent years
The dollar amount of loans originated by community development financial institutions has more than doubled in recent years, rising from ...
Applications available for Bank Enterprise Award Program
The CDFI Fund has kicked off the application process for the 2024 funding round of the Bank Enterprise Award Program.
ABA, associations urge lawmakers to bolster funding for CDFI Fund
ABA joined the Community Development Bankers Association, National Bankers Association and two other associations in urging members of the House ...
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