CDFI Fund Proposes Changing Data Collection Forms for Bond Guarantee Program
The Community Development Financial Institutions (CDFI) Fund will publish in Wednesday’s Federal Register a notice proposing minor revisions to CDFI Bond Guarantee program forms such as deleting and adding lines to applications and reports and updating calendar years. A proposed clarifying paragraph would be added to the guarantee application regarding applications that are deferred until a subsequent application round. In the notice, the CDFI Bond Guarantee program also seeks approval for a tertiary loan monitoring (TLM) report that would provide the CDFI Fund with information to monitor this type of collateral for the program that otherwise is not collected. Comments on the notice are due Nov. 14.
Learn more about community development incentives at the Novogradac 2021 Fall New Markets Tax Credit Conference from Oct. 28-29 at the Fairmont Austin in Texas.