WASHINGTON (3/21/13)--The U.S. Treasury's Community Development Financial Institutions Fund (CDFI Fund) has added new online resources to support CDFI Fund recertification applicants.
The materials include archived versions of six recertification conference calls that were held in February and March of this year. The calls are divided by institution type, and feature question and answer sessions with CDFI Fund representatives.
The Fund also released a document detailing frequently asked questions on CDFI Fund certification.
For more on the CDFI Fund resources, use the link.
CDFIs that were originally or most recently certified before Feb. 1, 2010, must apply for recertification no later than April 1. The recertification requirement includes but is not limited to CDFIs currently in the process of submitting an application under the fiscal year 2013 rounds of the CDFI Program or Native American CDFI Assistance (NACA) Program, the CDFI Fund has said. CDFIs that were originally certified after February 1, 2010, will need to apply for recertification no later than 60 days after their three-year certifications expire.
The Treasury's CDFI Fund helps locally based financial institutions--including credit unions--offer small business, consumer and home loans in communities and populations that lack access to affordable credit. Credit unions that are certified to take part in the CDFI program may apply for as much as $2 million in funding to help maintain their credit union's presence in the community.