Community development financial institutions (CDFIs) do more than provide loans; they serve as critical connectors in the financial ecosystem. A new report from the Federal Reserve Bank of Cleveland examines how CDFIs support low- and moderate-income communities in ways that extend well beyond direct investment. Based on transaction-level data and interviews with 10 CDFI loan […]
The CDFI Fund has introduced a redesigned Transaction Level Report (TLR) submission and certification page in AMIS, featuring a more user-friendly interface and new features to streamline reporting and certification processes. Updated guidance documents, templates, and video walkthroughs are now available on the CDFI Fund website. You can view the full list of updates and […]
Thank you to the more than 180 organizations that signed on to the CDFI Coalition’s FY 2027 appropriations letter in support of the CDFI Fund! The letter has been sent to the Senate Appropriations Committee and reflects the broad support for continued investment in the CDFI Fund and its role in expanding access to capital, […]
Senators Crapo (R-ID), Daines (R-MT), and Warner (D-VA) lead a bipartisan effort to send a Dear Colleague letter to the Financial Services and General Government (FSGG) Senate Appropriations Subcommittee requesting $324 million for the CDFI Fund in FY 27. The letter also includes support for bill language that addresses timely obligation of funds.The final letter […]
The FY 25 Funds previously on hold ($289 million) were apportioned to Treasury from the Office of Management and Budget (OMB). As of now, the FY 25 funding for Capital Magnet Fund (CMF) and Emergency Capital Investment Program (ECIP) have not been apportioned to Treasury and more information about the proposed rule to “prevent abuse” […]