CDFI Fund to Require Applicants for Most Programs to Complete Title VI Compliance Worksheet

Wednesday, August 2, 2023 - 9:15AM

The Community Development Financial Institutions (CDFI) Fund today announced that beginning with the fiscal year 2023 (FY 23) Small Dollar Loan Program funding round, award applicants for most programs must complete a Title VI compliance worksheet, verifying that they don’t discriminate against program participants due to their race, color, national origin, disability or age. If the CDFI Fund’s assistance is for an educational program, award recipients are also prohibited from discriminating against participants because of their sex. The requirement does not apply to the New Markets Tax Credit program nor the CDFI Bond Guarantee program. For covered programs, all awardees and their prospective sub-recipients that are not direct beneficiaries of federal financial assistance must complete the worksheet once annually. Organizations that apply to multiple programs only need to submit one worksheet annually. The CDFI Fund offers a recorded webinar providing an overview of the worksheet.

CDFI Fund requirements will be discussed at the Novogradac 2023 Fall New Markets Tax Credit Conference, Oct. 26-27 in New Orleans.

Note: Updated Aug. 3 to include that the NMTC and CDFI Bond Guarantee programs are not covered.

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