Search Results for keywords:"CDFI Fund"

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Search Results: keywords:"CDFI Fund"

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  • 2021-04034 — Community Development Financial Institutions Rapid Response Program (CDFI RRP)
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    Type:Notice
    Citation:86 FR 11824
    Reading Time:about 32 minutes

    The Community Development Financial Institutions (CDFI) Rapid Response Program (RRP) is a funding initiative by the Treasury Department aimed at aiding Certified CDFIs to tackle the economic repercussions of the COVID-19 pandemic, with award amounts reaching up to $5 million. The program's grants, backed by the Coronavirus Response and Relief Supplemental Appropriations Act of 2021, are intended to help CDFIs provide financial services to underserved communities, including Native Communities. The application process requires compliance with various regulatory and eligibility requirements, and selected applicants must enter into an Assistance Agreement stipulating terms for the grant use.

    Simple Explanation

    The Community Development Financial Institutions Rapid Response Program is a special project where the government gives money to certain banks and credit groups to help them support people and communities affected by COVID-19. But following the rules to get this help can be tricky, like trying to complete a really hard and fancy puzzle!

  • 2025-01514 — Agency Information Collection Activities; Submission for OMB Review; Comment Request; Community Development Financial Institutions (CDFI) Fund/Native American CDFI Assistance Program Award Recipient and NMTC Allocatee Annual Report
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    Type:Notice
    Citation:90 FR 8229
    Reading Time:about 3 minutes

    The U.S. Department of the Treasury is seeking public comments on information collection requests related to the Community Development Financial Institutions (CDFI) Fund and Native American CDFI Assistance Program. These requests are under review by the Office of Management and Budget (OMB) as per the Paperwork Reduction Act. The CDFI Fund supports organizations that provide financial services to underserved communities, including Native American communities. The Department has also implemented the CDFI Equitable Recovery Program to address economic impacts from the COVID-19 pandemic, and they are making updates to reporting requirements to accommodate this program. Public comments are invited until February 26, 2025.

    Simple Explanation

    The U.S. government is asking people to share their thoughts about how organizations that help communities, especially Native American ones, collect information about their work. They want to see if the information helps these groups serve people better and make sure money is used fairly and wisely.

  • 2025-01323 — Notice of Funds Availability
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    Type:Notice
    Citation:90 FR 6076
    Reading Time:about 62 minutes

    The Community Development Financial Institutions (CDFI) Fund under the Treasury Department has announced the availability of grants for the Native American CDFI Assistance (NACA) Program for the fiscal year 2025. These grants, which include Financial Assistance (FA) and Technical Assistance (TA), are aimed at aiding financial institutions that serve Native American, Alaska Native, and Native Hawaiian populations to enhance their lending capacity. The program aims to strengthen both for-profit and non-profit community-based organizations to support various markets, and the awards are contingent on funding availability. Applicants must meet specific eligibility criteria and complete their submissions through designated platforms by the stated deadlines.

    Simple Explanation

    The Treasury Department is giving away some money to help special banks and organizations that help Native American communities. They must follow certain rules to ask for the money, and there's not enough for everyone.