Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Workshops set for CDFI Fund applications in 3 locations
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.

Use the resource link for more information.
RSS print
News Now LiveWire
#Iowa Housing Authority honors #creditunion's mortgage commitment #NewsNow http://t.co/97me6ziPFa
8 hours ago
Adams to Zimmerman: Don't let your name define your financial decisions via @ndn http://t.co/kPVgQaDFNo
11 hours ago
Calif. ride-sharing law protects #creditunion collateral #NewsNow #System http://t.co/kXAAmbQgKO
12 hours ago
New offices mean moving sale at @TheKCUA https://t.co/xaof5SJkmE
13 hours ago
Existing-home sales slump in August as cash purchases decline @REALTORS
14 hours ago