Recent News
Sen. Brian Schatz, D-Hawaii, and nine cosponsors introduced legislation this week to create a $2 billion Community Development Financial Institutions (CDFI) Crisis Fund to serve as a complement to the existing CDFI Fund.
The House of Representatives today passed H.R. 7616, which bundles fiscal year 2021 spending bills for several departments, including the U.S. Department of Housing and Urban Development (HUD). The bill includes $50.6 billion for HUD, including $25.7 billion for tenant-based rental assistance and $13.1 billion for project-based rental assistance.
The Community Development Financial Institutions (CDFI) Fund today announced it will extend the deadline to submit feedback on several applications and reports until Nov. 5. The CDFI Fund sought feedback in May on its CDFI certification application, annual certification and data collection report and new certification transaction-level report.
The Federal Reserve is conducting a national study of Community Development Financial Institutions (CDFIs) through July 31 concerning the effect of COVID-19 and how CDFIs have responded to the crisis. The survey is open to all CDFIs and data will help inform research and future policymaking.
The Community Development Financial Institutions (CDFI) Fund will deploy new transaction level report (TLR) templates for new markets tax credit (NMTC) participants beginning Aug. 1. The TLR templates are also for participants in the CDFI program and the Native American CDFI Assistance program. Organizations will be able to access the templates through the reports tab on the Awards Management Information System. Participants who will submit their 2019 TLR late but would like to use the current TLR template must do so by July 31. After that, the updated template will be required.
