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CU System
CDFI application help session scheduled
WASHINGTON (9/29/09)--The U.S. Treasury Department’s Community Development Financial Institutions (CDFI) Fund is offering a webinar workshop Wednesday to assist with applications for the 2010 round of the CDFI program. The webinar is intended for all CDFIs interested in applying for Financial Assistance (FA) or Technical Assistance (TA) grants. CDFI staff will discuss the application process and will be available to answer questions during the 2 p.m. (EDT) webinar. The Treasury's CDFI Fund helps locally based financial institutions offer small business, consumer and home loans in communities and populations that lack access to affordable credit, and credit unions are eligible for certification. The Fund recently announced that it will make a total of $113 million in funding available through the upcoming year. That funding round, marking the CDFI’s fifteenth year, is the largest-ever annually appropriated funding round. Last week, National Credit Union Administration Chairman Deborah Matz encouraged credit unions to use the CDFI program as a means to "expand service to low-income consumers." “Consumers across the income spectrum benefit when credit union service is made more accessible, and CDFI has been a reliable partner for many credit unions in making this a reality," Matz added. The CDFI will post an archived version of the webinar on its website. To register, use the link.
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