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CDFI Fund Opens Bond Guarantee Program Application Period

Tuesday, December 13, 2016 - 11:00AM

The Community Development Financial Institutions (CDFI) Fund today opened the application period for its fiscal year 2017 CDFI Bond Guarantee program. The program allows selected CDFIs or their designees to issue bonds guaranteed by the federal government in order to extend capital for financing and for long-term community investments. A notice of guarantee authority (NOGA) will be published in the Federal Register later this week, making up to $750 million in bond guarantee authority available, upon Congressional authorization. Bond issues have a minimum size of $100 million each and application material is available through the CDFI Fund’s website. 

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