CDFI Fund Seeks Comments on Criteria to Be Designated a Minority Lending Institution
The Community Development Financial Institutions (CDFI) Fund published in today’s Federal Register a request for public comment concerning the criteria to designate a certified CDFI as a Minority Lending Institution (MLI). While no federal funding is associated with an MLI designation, the CDFI Fund seeks to implement this designation for CDFIs that wish to be recognized for high levels of service and accountability to minority populations and to identify barriers that those CDFIs experience in providing access to capital. The CDFI Fund will use the designation for limited purposes, including data collection and reporting. The Federal Register posting includes the list of questions to which the CDFI Fund is requesting comment. Comments must be submitted by Nov. 25.
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