NCN Review of Final Revised CDFI Certification Application
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released a revised Community Development Financial Institution (CDFI) Certification Application. This CDFI Certification Application, as well as the Annual Certification and Data Collection Report (ACR) and Transaction Level Report (TLR), were approved by the Office of Management and Budget (OMB) and encompass modifications made in response to public comments received last year.
The CDFI Fund is instituting a phased approach for organizations seeking to become newly Certified or renew their CDFI Certification.
NCN will hold a webinar on Thursday, December 14th at 2:00 p.m. ET to discuss the implications of some of the final provisions and NCN’s initial ideas for how we can support NCDFIs in what will be an expanded burden for completing and complying with the provisions.