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CDFI Fund Opens 2014 Bond Guarantee Program Application Period

Friday, May 9, 2014 - 7:00AM

The Community Development Financial Institutions (CDFI) Fund today opened the fiscal year (FY) 2014 application period for the CDFI Bond Guarantee Program in anticipation of the publication of the notice of guarantee authority (NOGA) in the Federal Register on May 13. The NOGA will make up to $750 million in bond guarantee authority available to eligible CDFIs in FY 2014. Under the program, CDFIs will issue federally backed bonds and use the proceeds to extend credit to the CDFI industry for community development projects. For the FY 2014 round, qualified issuer applications must be submitted by June 23 and guarantee applications must be submitted by June 30.

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