The cdfi fund mission is to expand the capacity of financial institutions to provide credit, capital, and financial services to underserved populations and communities in the united states. May 25, 2017 the community development financial institutions cdfi fund today published a blog post on eligible uses of capital magnet fund awards. Together, these awards enable chc to help more organizations close an affordability gap that can be so devastating to hardworking individuals and families. Cdfi fund announces 2014 nmtc allocation awards building. Department of the treasury cdfi community development financial institutions fund source datajson identifier. The community development financial institutions cdfi fund, administered by the department of treasury, makes capital grants, equity investments and awards for technical assistance to community development financial institutions. In this module, cdfi fund representatives explain the cdfi certification process. Department of the treasurys community development financial institution cdfi program.
View award list and learn key facts and statistics about the 382016 cdfi fund u. Three year trend analysis of community investment impact system institutional level report data, fy 20032005 by community development financial institutions fund u. For more information on the programs and those receiving funds. The grants will be awarded through the fiscal year 20 round of the cdfi funds bank enterprise awards bea program, which provides capital to fdicinsured depository institutions serving census tracts where at least 30 percent of the population lives at or below the national poverty level and the unemployment rate is at least 1. Eligible uses of capital magnet fund award dollars include capitalizing an affordable housing fund, capitalizing a revolving loan fund, capitalizing an economic development activities fund, creating loan loss reserves, making risksharing loans and making loan. In addition to these awards, cdfa will announce the winner of the 2014 cdfa lifetime achievement award. Department of treasurys community development financial institutions fund cdfi fund. Eligible uses of capital magnet fund award dollars include capitalizing an affordable housing fund, capitalizing a revolving loan fund, capitalizing an economic development activities fund, creating loan loss reserves, making risk. Cdfi fund award recipients use their awards to increase access to capital and help to improve the quality of life and the local economy in these communities. Cdfi fund outlines eligible uses of capital magnet fund awards. If trump cuts this littleknown federal program, it will. View award list and learn key facts and statistics about the allocatees.
Resources oweesta national native cdfi intermediary. The bea program complements the community development activities of insured depository institutions i. Cdfi fund announces new native initiatives workshop series. The community development financial institutions fund cdfi fund promotes economic revitalization in distressed communities throughout the united states by providing financial assistance and information to community development financial institutions cdfi. The community development financial institutions cdfi fund today published a blog post on eligible uses of capital magnet fund awards.
Bank enterprise award community development financial. Community development financial institutions fund wikipedia. The cdfi fund s mission is to increase economic opportunity and promote community development investments for underserved populations and in distressed commu. The cdfa excellence in development finance awards will be formally presented at the 2014 cdfa national development finance summit, in scottsdale, az on november 20. The awards were made through the fiscal year fy 2019 round of the capital magnet fund, and will support financing for the preservation, rehabilitation, development or purchase of affordable housing for lowincome.
Director annie donovans shared a few highlights for the release, in the past year, our programs leveraged billions of dollars in investor capital, provided financing to thousands of businesses most of them small businesses, enabled the creation of jobs across the country, and catalyzed the development of. The results of this comparison see cortes and lerner 20 show that cdfi fund grants do increase lending. New markets tax credits for real estate development blank. Community housing capital chc, a national nonprofit cdfi, is proud to announce that the u. Director annie donovans shared a few highlights for the release, in the past year, our programs leveraged billions of dollars in investor capital, provided financing to thousands of businesses most of them small businesses, enabled the creation of jobs across the country, and catalyzed the. The cdfi funds vision is an america in which all people have access to affordable credit, capital, and financial services. Use the cdfi funds searchable award database to find organizations that have received awards from the cdfi funds various award programs, including the. One cu among 38 organizations awarded cdfi funds for. Cdfi program award recipients announced northwest credit.
Numerous credit unions win grants in latest cdfi fund awards. These award recipients represent a diverse array of organization types and community investment strategies, serving a broad spectrum of communities. In calendar year 2014, fiscal year fy 2012 bea program awardees reported on the use of their awards to the cdfi fund. This is the largest pool of awardees in the history of the cdfi fund, said cdfi fund director annie donovan of this years recipients. The cdfi funds awards management information system amis is an enterprisewide business system, built on a commercial offtheshelf product called salesforce that has been customized to meet the cdfi funds specific needs.
Bea program award book community development financial. Mar 20, 2015 in this module, cdfi fund representatives explain the cdfi certification process. Department of the treasurys community development financial institutions fund cdfi fund helps promote access to capital and local economic growth in urban and rural lowincome communities across the nation through monetary awards and the. Jun 15, 2015 the cdfi fund just announced the 2014 new markets tax credit allocation awards.
The primary goal of the cdfi funds strategic plan is to increase the impact of the cdfi fund network by supporting the growth, reach, and performance of cdfi fund awardees. The impact of this program will be tremendous, said cdfi fund director annie. The cdfi funds mission is to increase economic opportunity and promote community development investments for underserved populations and in distressed commu. Over half billion dollars has now been awarded through the bank enterprise awards program. Yet at least one quarter of american households do not have bank accounts or rely on costly payday lenders and checkcashing outlets. Annie donovan has been director of the fund since december 2014. Impact seven receives next seed capital award federal. The awards were made through the fiscal year fy 2019 round of the capital magnet fund, and will support financing for the preservation, rehabilitation, development or purchase of affordable housing for lowincome communities. A community development financial institution us or community development finance institution uk abbreviated in both cases to cdfi is a financial institution that provides credit and financial services to underserved markets and populations, primarily in the usa but also in the uk. This web site is provided as a public service by the department of the treasury, community development financial institutions fund cdfi fund and is considered public information which may be distributed and copied. The awards will help these cdfis and native cdfis build their capacity in order to better meet the investment and lending needs of the.
An agency of the united states department of the treasury, it was established through the riegle. Overvie w searchable awards database search and view the profiles of all cdfi fund award recipients, from 1996 to the present nmtc program states served database search for new markets tax credit allocatees serving specific states historical award documents view historical documents from the cdfi fund s past award announcements, from 1996 to the present. Community development financial institutions cdfi fund. The cdfi fund s vision is an america in which all people have access to affordable credit, capital, and financial services. The credit union that was among those awarded funds was hope financial credit union in jackson, miss. Community development financial institutions fund u. The cdfa lifetime achievement award is given to a distinguished individual each. New markets tax credits for real estate development. Community development financial institution wikipedia. The cdfi fund was authorized by the riegle community development and regulatory improvement act of 1994. Login community development financial institutions fund. Cdfi fund, bank enterprise award program award book fy2016.
Department of the treasury community development financial. Bea bank enterprise award program a program of the cdfi fund, bea supports financial institutions around the country that are dedicated to financing and supporting community and economic development activities. Spreadsheet of all nmtc allocation awards below are the nmtc award books from the cdfi fund. This funding would be used to manage past awards and monitor compliance. Certified cdfi certification is a designation conferred by the cdfi fund and is a requirement for accessing financial and technical award assistance from the cdfi fund through the cdfi program, native american cdfi assistance naca programs, and certain benefits under the bea program to support an organizations established community. View more information about the fy 2018 cdfi program and naca program awardees below. Awards community development financial institutions fund. The awards will help these cdfis and native cdfis build their capacity in order to better meet the investment and lending needs of the communities they serve, said. Capital impact partners will use this grant to expand its strategic financing efforts and support increased access to quality health care and. The cdfi fund awards grants to community development financial institutions that operate in lowincome areas. Of these, 23 were cdfis and 9 were first time allocation recipients. View more information about the fy 2017 cdfi program and naca program awardees below. Sep 17, 2019 over half billion dollars has now been awarded through the bank enterprise awards program. Award book fy 2019 the cdfi fund is an equalopportunity provider.
Amis will support all cdfi fund programs throug each phase of the programs life cycle. Capital impact partners will use this grant to expand its strategic financing efforts and support increased access to quality health care and education. If trump cuts this littleknown federal program, it will gut. Bea program award book through the bank enterprise award program bea program, the cdfi fund seeks to increase the dollar amount of investments in the most economically distressed communities in the nation. The table below shows how fy 2012 bea program awardees. Book 1 edition published in 2007 in english and held by 1 worldcat member library worldwide. A cdfi may be a community development bank, a community development credit union. Nov 17, 2014 new markets tax credits for real estate development. According to the information reported to date, fy 2012 bea program awardees used their awards to engage in a variety of bea qualified activities. The cdfi fund mission is to expand the capacity of financial institutions to provide credit, capital, and financial services to underserved. Cdfa announces winners of 2014 excellence in development. Bea program award book fy 2014 the cdfi fund is an equalopportunity provider. Capital magnet fund award book the capital magnet fund helps to create and preserve affordable housing for lowincome families and economically distressed communities by attracting private capital. The cdfi fund just announced the 2014 new markets tax credit allocation awards.
1303 1655 1502 2 670 730 525 668 790 621 1354 156 1352 97 829 918 560 1034 526 903 1587 1177 1615 1655 1685 1016 706 233 597 43 979 1680 820 1205 122 1310 358 1473 845 587 313 934 713