Comments on new CDFI application process due Dec. 5

Taking the next step in overhauling the Treasury Department’s CDFI program, the CDFI Fund announced Friday that comments on a proposed revised application will be accepted until Dec. 5.

“The revised certification policies and application attempts both to provide the flexibility necessary for CDFIs to grow and to serve the hardest to reach distressed communities, and to maintain the integrity of what it means to be a certified CDFI from a mission perspective,” fund officials wrote, in the Federal Register announcement of the comment period.

Background

The CDFI first proposed a revised application in May 2020 and following that comment period, fund officials decided to make additional changes.

They released a preview of that application last month.

 

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