WASHINGTON (2/12/13)--The Community Development Advisory Board of the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund will hold its first meeting of 2013 on Feb. 27 at U.S. Treasury offices in Washington.
The meeting is scheduled to take place between 9:00 a.m. and 3:30 p.m. (ET).
Fifty members of the public can register to attend 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 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 fund expects to provide up to $165 million to eligible financial institutions in 2013.
A total of $186,853,456 was awarded to 210 organizations in 2012, representing the highest amount awarded in the CDFI Fund's history.
Twenty-two credit unions received funding through the 2012 CDFI Fund, and four credit unions received funds through another CDFI project, the Native American CDFI Assistance (NACA) Program. The NACA Program encourages the creation and strengthening of certified CDFIs that primarily serve Native American, Alaskan Native and Native Hawaiian communities.
For more on the meeting and the CDFI Fund, use the resource link.