WASHINGTON (3/14/11)--The U.S. Treasury's Community Development Financial Institutions (CDFI) Fund last week announced a series of five CDFI Certification Conference Calls, the first of which will take place on March 17. The CDFI Fund said that the monthly calls are meant to “serve as a forum for potential CDFI Certification Applicants, certified CDFIs, and other CDFI certification stakeholders to ask questions and discuss CDFI certification and the CDFI certification process.” Additional CDFI Certification Conference Calls will take place on the following dates:
* Thursday, April 14; * Thursday, May, 19; * Thursday, June 16; and * Thursday, July 21.
All calls will begin at 3 p.m. ET and are scheduled to last for one hour. The Obama administration has sought $250 million in CDFI funding for fiscal 2011, but House Republicans have proposed cutting the CDFI Fund’s funding to $50 million. 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. According to the Treasury Department in January, credit unions represent 13% of the total applicant pool for the 2011 round of the CDFI Fund program. Potential participants can call the toll-free number, (888) 677-5132, and enter in pin number 1458624 to join the calls. For more on the conference calls, use the resource link.