Congratulations to the 12 CDFI COALITION MEMBERS who won $41,650,000!

Post authored by Linda Davenport. On September 21, The Community Development Financial Institutions (CDFI) Fund announced its award of $91.5 million in Capital Magnet Fund grants to 32 organizations for the development of affordable housing and other community service facilities. A total of 23 CDFIs and 9 nonprofit housing organizations were given awards. Of the 23 […]

Urban Waters National Training Workshop

The EPA is holding a workshop on its Urban Waters Small Grants Program, which may be of interest to CDFIs interested in helping underserved communities improve their urban waters in ways that create a community and economic benefit. Eligible applicants include States, local governments, Indian Tribes, public and private universities and colleges, public or private […]

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 […]