Additional Time Needed for CDFI Fund to Consider Robust Response to Recent Application Revisions

The Community Development Financial Institutions Fund (CDFI Fund) will update its timeline for rolling out the new CDFI Certification Application and anticipates revising the version that was released for public comment in the Federal Register on November 4, 2022.

Public Comment Period Extended for Annual Certification and Data Collection Report and Abbreviated Transaction Level Report

The U.S. Treasury Department is extending the deadline to submit comments in response to its solicitation for public feedback on revisions to the Annual Certification and Data Collection Report (ACR), and abbreviated Transaction Level Report (TLR). The new deadline to submit comments is now January 27, 2023.

Federal Housing Finance Agency’s FHLBank System at 100: Focusing on the Future Initiative

On August 31, the Federal Housing Finance Agency announced the FHLBank System at 100: Focusing on the Future initiative. The initiative looks to ensure that as the Federal Home Loan Bank System approaches its centennial, it continues to be well positioned to meet the needs of our members and the communities they serve.

Native FORGE kicks-off first entrepreneurial cohort in partnership with San Carlos Apache Tribe

Small business incubator Native FORGE has launched its first cohort in partnership with the San Carlos Apache Tribe of Arizona. An initiative of the University of Arizona, Native FORGE focuses on serving the specific needs of Native entrepreneurs in the state. For each year-long cohort, the incubator will target its efforts to entrepreneurs from a single tribe. 

Treasury Announces $5 Billion in New Markets Tax Credit Awards to Revitalize Low-Income and Distressed Communities

Baltimore, MD – Treasurer of the United States Chief Lynn Malerba, joined by U.S. Senators Benjamin L. Cardin and Chris Van Hollen, U.S. Representative Kweisi Mfume, and Community Development Financial Institutions Fund (CDFI Fund) Director Jodie Harris, today announced more than $5 billion in New Markets Tax Credit (NMTC) awards nationwide.