CDFI Fund: No Penalties if Technical Problems Cause Missed CIIS Deadlines

Friday, June 29, 2018 - 1:00PM

The Community Development Financial Institutions Fund (CDFI Fund) notified community development entities (CDES) this week that if CDEs with Community Investment Impact System (CIIS) deadlines today or tomorrow miss those deadline for filing award and allocation reports about the New Markets Tax Credit (NMTC) program due to documented difficulties with the reporting system, they will not be penalized. CIIS faced difficulties due to high volume of transactions. A CDFI Fund email explained several issues and gave information on whom to contact.

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