Home | Community Development Financial Institutions FundTime 2021-09-26 06:17:59
Description:What does the CDFI Fund Do?The Community Development Financial Institutions Fund (CDFI Fund) plays an important role in generating economic growth and opportunity in some of our nation's most distressed communities. By offering tailored resources and innovative programs that invest federal dollars alongside private sector capital, the CDFI Fund serves mission-driven financial institutions that take a market-based approach to supporting economically disadvantaged communities. These mission-driven organizations are encouraged to apply for CDFI Certification and participate in CDFI Fund programs that inject new sources of capital into neighborhoods that lack access to financing.Each business financed, each job created, and each home built represents a critical step in the transformation of a life, a family, and a community. This is real change. This is the CDFI Fund. Discover More What are CDFIs? Did you know the CDFI Fund is an important part of your community? Which CDFI Fund program is right for your organization? Looking for training or technical assistance opportunities?Click here to learn how to find CDFIs and CDEs that are providing services in your community.Are you seeking Opportunity Zones information?Click here to find information and resources about Opportunity Zones.Are you keeping safe from scams?Scammers have been contacting individuals claiming to be from the CDFI Fund. Click here to learn more.Bank Enterprise Award Program › The BEA Program provides awards to FDIC-insured institutions for eligible investments.CDFI Bond Guarantee Program › The CDFI Bond Guarantee Program is a source of long-term, patient capital for CDFIs.CDFI Program › The CDFI Program provides Financial and Technical Assistance awards to CDFIs.CDFI Rapid Response Program › The CDFI Rapid Response Program is designed to quickly deploy COVID-19 relief capital to Certified CDFIs.Capacity BuildingInitiative › The Capacity Building Initiative is a source of training and technical assistance for CDFIs.Capital Magnet Fund › The Capital Magnet Fund encourages the development of affordable housing in low-income communities.Native Initiatives › The Native Initiatives provides awards, training, and technical assistance to CDFIs serving Native Communities.New Markets Tax Credit Program › The New Markets Tax Credit encourages economic and community development in low-income communities.Small Dollar Loan Program › The Small Dollar Loan Program was created to help Certified CDFIs provide alternatives to high cost small dollar loans.The vision of the Community Development Financial Institutions Fund (the CDFI Fund) is to economically empower America’s underserved and distressed communities. View the CDFI Fund's BlogThe amount lent to date by CDFIs participating in the CDFI Bond Guarantee Program Announcements Sep 24, 2021 : UpdatesApply Now for $1.9 Million in FY 2022 Economic Mobility Corps Funding AmeriCorps is Providing Awards to Place National Service Members in CDFIsWhat is the Economic Mobility Corps? Sep 23, 2021 : U.S. Treasury Announces Inaugural Round of Small Dollar Loan Program Awards $10.8 Million Awarded to CDFIs to Provide Alternatives to High Cost Small Dollar LoansWashington - The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded more than $10.8 million in grants to Community Development Financial Institutions (CDFIs) today, through the fiscal year (FY) 2021 round of the Small Dollar Loan Program (SDL Program), to help expand consumer access to financial institutions by providing alternatives to high cost small dollar lending. Sep 16, 2021 : Press ReleasesU.S. Treasury Announces FY 2021 CDFI Program and NACA Program Technical Assistance Awards Washington - The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 191 organizations more than $24.1 million in awards today. The fiscal year (FY) 2021 Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) Technical Assistance Awards will allow Certified Community Development Financial Institutions (CDFIs) and emerging CDFIs to build their capacity to provide services to low-income and underserved people and communities across America. Access the CDFI Fund's database systems below. Use the Awards Database search to find CDFI Fund awardees by state for all of the CDFI Fund's programs.
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