What is a CDFI TA?
Technical Assistance (TA) Awards: TA grants allow certified CDFIs and established entities seeking to become certified to build their capacity to provide affordable financial products and services to low-income communities and families.
What can CDFI funds be used for?
Capital Magnet Fund › Through the Capital Magnet Fund, the CDFI Fund provides competitively awarded grants to CDFIs and qualified non-profit housing organizations. These awards can be used to finance affordable housing activities, as well as related economic development activities and community service facilities.
What is CDFI eligible?
An investment area needs to meet at least one of the following economic distress criteria and has significant unmet needs for financial products and services: poverty rate greater than 20%, median family income at 80% or less of the area median family income, or. unemployment rate 1.5 times the national average.
Is NACA a CDFI?
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2022 funding round for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) today.
Are CDFIs eligible for PPP?
Are CDFIs eligible for disbursing Paycheck Protection Program loans? Certified CDFIs were eligible to disburse the funds. No financial institutions are accepting PPP loan applications anymore because the program ended.
Where do CDFI funds come from?
CDFIs are private-sector organizations that attract capital from private and public sources. Private sector funds come from many sources: corporations, individuals, religious institutions, and private foundations.
How long is the NACA webinar?
NACA’s Real Estate Department (RED) invites new agents to the next ‘Introduction to NACA’ webinar. The live 2-hour presentation will offer insight and guidance on how to access America’s Best Mortgage as a professional real estate agent in your market.
What is SBA Cdfi?
WASHINGTON – Today, the U.S. Small Business Administration, in consultation with the U.S. Treasury Department, announced that it is setting aside $10 billion of Round 2 funding for the Paycheck Protection Program (PPP) to be lent exclusively by Community Development Financial Institutions (CDFIs).
What is MDIs and CDFIs?
Community Development Financial Institutions and Minority Depository Institutions support job creation and economic vitality in underserved communities.
How do I contact the CDFI program Help Desk?
Please direct questions about the application process for Financial Assistance, Technical Assistance, and supplemental awards to the CDFI Program Help Desk at 202-653-0421, option 1, or [email protected]
Did the CDFI Fund provide a pre-application webinar for FY 2021 round?
The CDFI Fund provided a pre-application webinar for the FY 2021 round on December 2, 2020. The webinar recording and presentation are available below.
Is the 2022 CDFI program and NACA program application round around the corner?
The FY 2022 CDFI Program and NACA Program Application Round is Just Around the Corner! The FY 2022 CDFI Program and NACA Program Application Round is Just Around the Corner!
What does CDFI stand for?
Update-January 11, 2022: For those preparing to apply for the FY 2022 application round, the Community Development Financial Institutions Fund (CDFI Fund) conducted an informational pre-application webinar on January 10, 2022 for the CDFI Program and NACA Program.