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CDFI Fund to get policy advice Sept. 12
WASHINGTON (8/23/12)--The Community Development Advisory Board of the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund will hold its next meeting on Sept. 12 in Washington.

The meeting is scheduled to take place between 2:00 and 3:30 p.m. (ET), via a conference call. The teleconference will be open to the public, and fifty members of the public can register to listen in to the call by emailing to AdvisoryBoard@cdfi.treas.gov .

However, the CDFI Fund in its release noted that discussions at the meeting would be limited to advisory board members, Treasury staff, and certain invited guests.

The Community Development Advisory Board makes broad policy recommendations to CDFI Fund Director Donna Gambrell. The CDFI Fund notes that the granting or denial of any particular application for monetary or non-monetary awards is not discussed during the meetings. The CDFI Fund helps locally based financial institutions offer small business, consumer and home loans in communities and populations that lack access to affordable credit.

The CDFI Fund this month awarded $186,853,456 in funds to 210 organizations serving low-income communities, including 22 credit unions.

The fiscal 2012 awards, provided through the CDFI Fund's Community Development Financial Institutions Program (CDFI Program) and the Native American CDFI Assistance Program (NACA Program), represent the largest single announcement of award dollars and award recipients in the CDFI Fund's history.

For more on the CDFI Fund, use the resource link.
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