Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
New CDFI guidance for certification requests
WASHINGTON (9/23/08)—For credit unions and other financial institutions considering certification under the U.S. Treasury Department’s Community Development Financial Institution (CDFI) program, there is new guidance on how to apply, and also how to amend, certification. The CDFI Fund was created in 1994 to make capital grants, equity investment, and awards for technical assistance to CDFIs. One of the new guidance documents is designed in a frequently asked-questions (FAQ) format. It offers 18 questions and answers in six categories ranging from “general” to “recertification” to “contacting CDFI” program staff. The second document, on "Designating a Target Market In my CDFI Fund," provides guidance on defining an institution’s “target market” in the CDFI application and can also be useful for a CDFI needing to its target market. A CDFI release said this revised guide provides “clearer instructions on the step-by-step guidance for designating and submitting the Target Market Maps that are a part of a new CDFI Certification Application or a request from a certified CDFI to modify its certified Target Market.” Use the resource links below for more CDFI information.
Other Resources

RSS





print
News Now LiveWire
16.9% of U.S. homeowners underwater, down from peak 31.4% in 2012, reports @zillow http://t.co/EbILqY1HMz
11 hours ago
Breaking at #NewsNow: President Obama signs IOLTA bill into law. http://t.co/5N741Bygmn
12 hours ago
.@edmunds says the week between Christmas and New Year's is the busiest car shopping time of the year.
13 hours ago
.@CFPB sues Sprint for cramming 3rd-party service fees onto consumers' bills http://t.co/mhlMWqLKku
14 hours ago
#HomeDepot #databreach lawsuits consolidated in Georgia http://t.co/A4bei5z0mV
15 hours ago