The CDFI Fund was created for the purpose of promoting economic revitalization and community development through investment in and assistance to Community Development Financial Institutions (CDFIs). The CDFI Fund was established by the Riegle Community Development and Regulatory Improvement Act of 1994, as a bipartisan initiative. Since its creation, the CDFI Fund has awarded more than $5.2 billion to CDFIs, community development organizations, and financial institutions through: the Bank Enterprise Award Program; the Capital Magnet Fund; the CDFI Rapid Response Program; the Community Development Financial Institutions Program, including the Healthy Food Financing Initiative; the Economic Mobility Corps; the Financial Education and Counseling Pilot Program; the Native American CDFI Assistance Program; and the Small Dollar Loan Program. In addition, the CDFI Fund has allocated $66 billion in tax credit allocation authority to Community Development Entities through the New Markets Tax Credit Program, and closed guaranteed bonds for more than $1.8 billion through the CDFI Bond Guarantee Program.
Community Development Financial Institutions Fund (CDFI Fund)的外部链接
1801 L Street, NW 6th Floor
US，DC，Washington，20036
The #CDFIFund had the opportunity to attend a #smallbusiness pop-up market for #OFN40 attendees, alongside Certified CDFI Lendistry! We enjoyed taking part in a “virtual tour” of Los Angeles, featuring some amazing local business.
#CDFIFund Capital Magnet Fund Awards $246.4 million to support affordable housing. These awards, bolster financing for the preservation, rehabilitation, development, or purchase of affordable housing, as well as related economic development. https://lnkd.in/ewiBF_mZ
Don’t forget. October 18, 2024, is the deadline to submit a CDE Certification Application to be eligible to apply to the upcoming CY 2024-2025 NMTC Allocation Round. More information is available here: https://lnkd.in/ePVTC5Qg
Attention CDFI ERP Recipients on the West Coast! Don’t miss your chance to register for the regional workshop by Oct 18! ??? Date: Oct 24-25 ?? Location: JW Marriott L.A. Live, LA ?? Register: https://lnkd.in/eNAvKrm2 Scholarships available! #CDFI #EquitableRecovery
Today, @USTreasury's #CDFIFund announced an agreement to issue three guarantees worth $498 million under the #CDFI Bond Guarantee Program, the largest issuance in the program’s history. #CDFIBGProgram https://lnkd.in/e84Ff8Ex
“The $498 million in bond issuances announced today is the largest in the program’s history,” said #CDFIFund Director Pravina Raghavan. https://lnkd.in/e84Ff8Ex
The #CDFIFund will soon open the CY 2024-2025 NMTC Program application round. Here are things your organization can do now to get ready. #NMTC https://lnkd.in/ePVTC5Qg
Financial Assistance Awards aid business creation & growth, new jobs, affordable housing development, & increased financial services for people and communities in need. Awards went to: 176 loan funds; 135 credit unions; 43 depository institutions & holding companies, & 3 venture capital funds. https://lnkd.in/gbCmXwta
TODAY: #CDFIFund awards 357 CDFIs with $408.2 million Financial Assistance (FA) awards— helping low-income and underserved individuals & communities across America. https://lnkd.in/gbCmXwta
The Capital Magnet Fund is looking for your feedback! CMF is requesting public comment on the data and information collection for the Application. Provide your comments here: https://lnkd.in/gtsrbAKJ All comments due by Nov. 25, 2024.