CDFI Fund Opens FY2018 CDFI Bond Guarantee Program

Wednesday, November 1, 2017 - 11:30am

The Community Development Financial Institutions (CDFI) Fund today announced the opening the fiscal year 2018 application period for the CDFI Bond Guarantee Program. A notice of guarantee availability will be published in tomorrow’s Federal Register for as much as $500 million in bond guarantee authority available to eligible CDFIs, pending Congressional authorization. Bonds are used to extend capital for community development financing and long-term community investments. Qualified issuer applications must be submitted by Jan. 9, 2018, and guarantee applications must be submitted by Jan. 23, 2018. Bond issues have a minimum size of $100 million each. Multiple CDFIs may pool together in a single $100 million bond issuance.