CDFI Fund

The Community Development Financial Institutions (CDFI) Fund announced the opening of the 2024-2025 New Markets Tax Credit (NMTC) application round, with notice of allocation availability expected to be published in Thursday’s Federal Register.

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 FAQs document and recorded webinars.  

CDFI announced the next round of the New Markets Tax Credit Program (NMTC Program) will make $10 billion in Allocation Authority available, and the round will span calendar years (CYs) 2024 and 2025.

The Federal Home Loan Bank of Chicago (FHLBank Chicago) has launched the LIHTC Collateral Pilot program, providing $300 million in financing to support LIHTC multifamily housing projects.

Pravina Raghavan was announced as director of the Community Development Financial Institutions (CDFI) Fund, beginning immediately.

The Community Development Financial Institutions (CDFI) Fund released an updated frequently asked questions (FAQ) document concerning compliance for the New Markets Tax Credit (NMTC) incentive.

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $5 billion in New Markets Tax Credits (NMTC) today that will spur investment and economic growth in low-income urban and rural communities nationwide. A total of 102 Community Development Entities (CDEs) were awarded tax credit allocations, made through the calendar year […]

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released a summary report and data collected on all New Markets Tax Credit (NMTC) investments across the nation through the fiscal year (FY) 2021 reporting period.

The Community Development Financial Institution (CDFI) fund continues efforts to revise the CDFI Certification application through the chair of the community development advisory board.

CDFI announced revisions to its certification application.

The Community Development Financial Institutions (CDFI) Fund announces awards of over $1.73 billion in grants to 603 CDFIs across the country through the CDFI Equitable Recovery Program (CDFI ERP).

Last week, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced the fiscal year (FY) 2023 funding round for the Bank Enterprise Award (BEA) Program.