WASHINGTON (5/14/14)--The U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) will host a series of application workshops to prepare the CDFI industry for the fiscal year 2014 round of the CDFI Bond Guarantee Program.
The workshops will include an in-depth discussion of the financial structure of the program, including: roles of the qualified issuer, program administrator and servicer; Capital Distribution Plan requirements; eligible CDFI and secondary loan requirements; costs of the CDFI Bond Guarantee Program and review processes for the qualified issuer and guarantee applications.
The fund announced earlier this week that it has opened the 2014 application period for the bond guarantee program (News Now May 13). It will make up to $750 million in bond guarantee authority available to eligible CDFIs this year.
The CDFI Fund specifically encourages the participation of certified CDFIs, community development trade groups and associations, and others interested in community economic development finance who may be interested in submitting either a Qualified Issuer or Guarantee Application this fiscal year.
Workshops will be held June 2-3 in Detroit; June 10-11 in Washington, D.C.; and June 17-18 in San Francisco.
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