Chairman’s Letter to the Membership

As we begin to stretch into 2016, I have recovered from its newness and have begun to process and project where we’ve been and where we can go. I was pleased and encouraged by this year’s CDFI Institute’s focus on “Planning the Future of CDFIs”.  The sessions were a great conversation on the past and […]

2016 CDFI Institute: Planning the Future of the Community Development Financial Institutions

At the 2016 CDFI Institute, attendees discussed where the industry started, its current state and plans for the future of CDFIs Last week, the 22nd Community Development Financial Institutions (CDFI) Institute was held in our nation’s capital. The event, hosted by the CDFI Coalition, drew over 150 community development stakeholders from around the nation. Prominent […]

CDFI Fund Opens FY 2016 Funding Round for CDFI Program and NACA Program

The NOFAs for the CDFI Fund and NACA Programs were posted on the federal registry this morning and the Fund released the applications this afternoon, opening the FY 2016 Funding Round for both programs. In the spending deal reached in December, Congress appropriated the CDFI Fund $190.5 million in FY 2016 in Financial Assistance (FA) […]

Board Member News: Mary-Childs Mayer Joins CEI 7(a)

Mary J. Childs-Mayer, a CDFI Coalition Board Member, was recently appointed to the position of Senior Vice President of Origination and Relationship Management of CEI 7(a) Financing LLC (C7a). C7a is a wholly owned subsidiary of Coastal Enterprises, Inc. headquartered in Brunswick, ME.  She brings more than 22 years of relationship experience, lending and finance […]

Treasury Guarantees $327 Million in Bond Funding for Projects in Low-Income Communities

CDFI Fund announced today that an additional nine bond loans, totaling $327 million, were guaranteed in fiscal year (FY) 2015, bringing the total guaranteed to date to $852 million. All of the bond proceeds, provided through the Community Development Financial Institutions Bond Guarantee Program (CDFI Bond Guarantee Program), will provide long-term, fixed rate capital for projects […]

CDFI Fund Announces $18 Million in Bank Enterprise Awards for Investment in Low-Income Communities

PRESS RELEASE FROM THE CDFI FUND, September 21, 2015: Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $18.1 million in grant awards to 83 FDIC-insured financial institutions for serving economically distressed communities across the nation. These funds are awarded under the fiscal year (FY) 2015 round of the […]

CDFI Fund Announces FY 2015 CDFI Program Awards

U.S. Treasury Awards More Than $200 Million to CDFIs to Spur Economic Growth in Low-Income Urban, Rural, and Native Communities Awards through the CDFI Program and NACA Program support CDFI lending and investment nationwide September 10, 2015 Washington – The U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund) awarded 195 Community Development Financial Institutions […]

CDFI Fund to Hold National Listening Tour

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced a national listening tour to solicit public opinion regarding a new strategic framework for the CDFI Fund. Intended to foster discussion and engagement among local community development leaders and practitioners, the listening tour will be co-hosted by CDFI Fund Director Annie […]

CDFI Fund Opens Application Period for FY 2015 CDFI Bond Guarantee Program

CDFI Fund Opens Application Period for FY 2015 CDFI Bond Guarantee Program   Up to $750 Million in Bond Guarantee Authority Available The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2015 application period for the CDFI Bond Guarantee Program. Application materials are available on […]

Action Needed on FY 2016 CDFI Fund Appropriations

ACTION NEEDED ON FY 2016 APPROPRIATIONS As part of the annual budget and appropriations process, Members of Congress are given an opportunity to submit requests to the Appropriations Committee on behalf of specific federal program(s) or agency they support and would like to see funded at a specific level in the next fiscal year. Members […]