CDFI Fund Approves $100 Million Guarantee of FY 2020 CDFI Bond Guarantee Program

Wednesday, September 30, 2020 - 8:30am

The Community Development Financial Institutions (CDFI) Fund today announced the approval of a $100 million guarantee under the fiscal year (FY) 2020 round of the CDFI Bond Guarantee program, which provides long-term, fixed-rate capital for investments in low-income communities. More than $1.7 billion has been guaranteed since the inception of the CDFI Bond Guarantee program. The $100 million FY 2020 round guarantee will be issued to the Community Reinvestment Fund USA on behalf of Clearinghouse CDFI, a California-based CDFI that plans to use the bond loan to finance charter schools, rental housing and other investments in California, Arizona, Nevada, New Mexico and in sovereign nations in the western United States.