CDFI Fund Updates Certification Requirements for CDFI, NACA Programs

Tuesday, September 10, 2019 - 10:30am

The Community Development Financial Institutions (CDFI) Fund today announced an update to the certification requirements for applicants of a CDFI program or Native American CDFI Assistance (NACA) program financial assistance award. Beginning with the fiscal year 2020 application round, CDFI program and NACA program financial assistance applicants must be certified CDFIs by the date the notice of funds availability (NOFA) is published in the Federal Register. The CDFI Fund will no longer process CDFI certification applications simultaneously as funding applications. The CDFI Fund recommends that any non-certified organization intending to apply for a fiscal year (FY) 2020 financial assistance award submit a CDFI certification application as soon as possible. The CDFI Fund tentatively plans to publish the FY 2020 NOFA for the CDFI program and NACA program in early 2020 and it may take up to 90 days for the CDFI Fund to process a CDFI certification application.