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CDFI information call for CUs tomorrow
WASHINGTON (10/6/08)—Credit unions interested in applying in 2009 for grants from the U.S. Treasury Department’s Community Development Financial Institutions (CDFI) Program can tune in tomorrow for an hour-long teleconference for more information. The CDFI Fund is hosting four, one-hour question-and-answer sessions this week and the 2 p.m. Tuesday session is geared toward frequently asked questions pertaining to credit union involvement in the program In August, the CDFI Fund released its notice of funds available for FY 2009 and noted that the program annually provides up to $54 million, subject to final appropriations, in the form of awards to the community-based organizations known as CDFIs. The CDFIs provide affordable financing and related services to low-income communities and populations that lack access to credit, capital and financial services. The CDFI Program application deadline is 12 a.m. EDT on Oct. 29. An applicant not currently certified as a CDFI must first submit a CDFI certification application by 12 a.m. EDT on Oct. 1.
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