Brisk Pace for CDFI Bond Guarantee Applications

Published by Michael Novogradac on Friday, June 14, 2013 - 12:00am

The Community Development Financial Institutions (CDFI) Fund this week opened the application period for the CDFI Bond Guarantee Program.

The notice of guarantee authority (NOGA) makes up to $500 million in bond guarantee authority in fiscal year (FY) 2013 that eligible CDFIs or their designees will issue federally backed bonds and use the proceeds to extend credit to the CDFI industry for community development projects.

Applications are due in 33 days, on July 17. 

Here are key dates for this inaugural application round:

If you are interested in this program, or have questions, I encourage you to contact my partners Owen Gray, CPA, at 415-356-8000 or Diana Letsinger, CPA, at 562-432-9482.