CDFI Fund Seeks Comments on How CDFIs Treat CDFI Fund Equity Investments

Friday, June 5, 2020 - 9:45am

The Community Development Financial Institutions (CDFI) Fund will publish in Monday’s Federal Register a request for comments on how CDFIs treat CDFI Fund equity investments in them. The CDFI Fund will use the information to help inform policy decisions concerning the management and oversight of its investment portfolio. The CDFI Fund may not own more than 50 percent of a CDFI’s equity and, among other things, the CDFI Fund is interested in methods CDFIs can use to cure noncompliance with the CDFI Fund’s existing control restrictions and the adoption of an exit strategy for new equity investment awards. Comments will be accepted through July 8.