The Community Development Financial Institutions Fund (CDFI Fund) received questions from organizations about upcoming application and compliance deadlines, and if anything is expected to change. We are taking these requests seriously in light of the unprecedented situation many CDFIs find themselves in today. CDFI Fund staff are routinely evaluating our processes and procedures to ensure they are in alignment with day-to-day impediments that organizations are being forced to navigate.
It is important to note that any extensions to the CDFI Fund’s application timelines potentially means a delay in the delivery, deployment and absorption of capital resources CDFIs critically need for small business operations; affordable housing development; maintaining community facilities and the origination of small dollar and consumer loans that allow families to make ends meet. As a result, any decision will depend on the CDFI Fund’s ability to provide assistance awards in a timely manner. If any deadlines are adjusted, there will be a public communication.
Many organizations also have short-term compliance reporting requirements as well. The CDFI Fund will review and handle any reporting issues on a case-by-case basis. If you are facing an issue, please contact the Certification, Compliance Monitoring and Evaluation team via an AMIS Service Request.
