The Community Development Financial Institutions (CDFI) Fund today announced that it expects to open the new CDFI certification process in the fall. The updated certification process was originally scheduled for this spring, but was postponed in January. Over the coming months, the CDFI Fund will continue to review comments, publish an updated application form, conduct public outreach, enhance the infrastructure on its Awards Management Information System (AMIS) for data and material submission, and institute a grace period for currently certified CDFIs to complete the new certification application. Certified CDFIs are still required to submit an annual certification and data collection report in accordance with their existing schedule.

Novogradac’s CDFI services team offers accounting and consulting expertise, along with broad experience as market analysts, appraisers and more.