Search Results for agency_names:"Community Development Financial Institutions Fund"

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Search Results: agency_names:"Community Development Financial Institutions Fund"

  • Type:Notice
    Citation:89 FR 97705
    Reading Time:about 3 minutes

    The U.S. Department of the Treasury is asking for public comments on the information collections related to the Community Development Financial Institutions (CDFI) Bond Guarantee Program. This is part of their ongoing effort to decrease paperwork and streamline processes, as required by the Paperwork Reduction Act of 1995. They invite comments on the necessity and usefulness of the information collected, the accuracy of their estimates, and ways to improve the quality and minimize the burden of this data collection. Interested parties can submit their comments through the regulations.gov website by February 7, 2025.

    Simple Explanation

    The government wants people to help them make their paperwork less complicated and more useful, especially for a program that helps communities. They're asking if the information they collect is really needed and how they can make it easier for everyone to give them this information.

  • Type:Notice
    Citation:89 FR 104290
    Reading Time:about 83 minutes

    The Community Development Financial Institutions Fund (CDFI Fund), part of the U.S. Department of Treasury, has announced the availability of up to $500 million in guarantees for fiscal year 2025 under the CDFI Bond Guarantee Program. This program is designed to help Community Development Financial Institutions (CDFIs) by offering bond guarantees that support lending for economic development projects. Interested parties need to submit their applications by specified deadlines in early 2025. The rules and detailed requirements for the application and qualification processes are explained in the notice, which also includes guidance on compliance with regulations and statutes.

    Simple Explanation

    The U.S. Treasury has a plan to help communities by giving out promises to pay, called guarantees, worth up to $500 million in 2025, but to get these, groups must follow some tricky rules and fill lots of paperwork.

  • Type:Notice
    Citation:86 FR 10413
    Reading Time:about 47 minutes

    The Community Development Financial Institutions (CDFI) Fund is inviting applications for financial assistance or technical assistance grants through the Native American CDFI Assistance (NACA) Program for fiscal year 2021. FA awards of up to $1 million are available for CDFIs serving Native American, Alaska Native, or Native Hawaiian populations to enhance their lending operations, while TA grants of up to $150,000 aim to build CDFIs’ organizational capabilities. The funding is contingent on availability, and applicants must adhere to various application and eligibility guidelines outlined by the Treasury Department's CDFI Fund.

    Simple Explanation

    The government is offering money to help special banks that serve Native American communities so they can get better at lending money to people. Some banks can get a big amount of money, while others can get a smaller amount to improve how they work.

  • 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.

  • Type:Notice
    Citation:86 FR 10390
    Reading Time:about 49 minutes

    The Community Development Financial Institutions Fund (CDFI Fund) of the Treasury Department is inviting applications for financial assistance and technical assistance grants under the CDFI Program for the fiscal year 2021. The program offers Financial Assistance (FA) awards up to $1 million and Technical Assistance (TA) grants up to $125,000 to eligible Community Development Financial Institutions to enhance their financial and organizational capacities. These awards prioritize low-income communities lacking access to affordable financial services. The application process requires compliance with specific federal regulations and submission deadlines via Grants.gov and the AMIS portal.

    Simple Explanation

    The government is giving money to special banks called CDFIs to help them become better at helping people who have a hard time getting money from regular banks. Some CDFIs can get up to $1 million, and smaller ones can get $125,000, but they have to follow certain rules to get this money.

  • Type:Notice
    Citation:90 FR 6051
    Reading Time:about 66 minutes

    The Community Development Financial Institutions Fund (CDFI Fund) under the Treasury Department has announced the availability of funds through its CDFI Program for the 2025 fiscal year. The program offers Financial Assistance (FA) and Technical Assistance (TA) awards to eligible community-based financial institutions. These awards aim to enhance the capacity of these institutions to serve low-income markets and underserved communities. The availability of funding and any specific conditions depend on congressional appropriations and other federal guidelines.

    Simple Explanation

    The Treasury Department is giving out money to special banks called CDFIs to help neighborhoods that need more money. How much money they get and who can ask for it might change based on the rules they make later.

  • 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!

  • Type:Notice
    Citation:89 FR 97167
    Reading Time:about 6 minutes

    The U.S. Department of the Treasury is inviting public comments on the Small Dollar Loan Program (SDL Program) Application. This program, managed by the Community Development Financial Institutions (CDFI) Fund, provides financial assistance to help institutions offer small, affordable loans and to promote financial inclusion. The Treasury seeks input on various aspects of the application process, including the appropriateness of grant sizes, transparency of required data, and adequacy of information requested to demonstrate the need for financial support. Comments must be submitted by February 4, 2025.

    Simple Explanation

    The government wants to hear from people about a special program that helps banks provide small loans to those who need them. They are asking for ideas on how to make it better, and people should send their thoughts before February 4, 2025.