On September 19, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 73 Community Development Financial Institutions (CDFIs) $9.16 million in Technical Assistance (TA) Awards. TA grants assist CDFIs, as well as entities seeking to become certified CDFIs, in building organizational capacity.

Congratulations to all recipients of the FY 2019 CDFI Fund TA Awards, including the following OFN members:

  • Economic Development and Financing Corporation
  • Four Directions Development Corporation
  • Growth Partners Arizona

Earlier this week, the CDFI Fund also announced $25.2 million in awards to 113 banks through the Bank Enterprise Award (BEA) Program. In addition, the Fund published a list of certified CDFIs (credit unions and loan funds) that BEA awardees provided support to during the BEA assessment period.

Congratulations to all recipients of the FY 2019 CDFI Fund BEA Awards, including the following OFN members:

  • City First Bank of DC, N.A.
  • Southern Bancorp Bank
  • VCC Bank

The CDFI Fund has indicated that the FY 2019 Financial Assistance (FA) and Native American CDFI Assistance Program (NACA) awards will be announced in the fourth quarter of 2019.

OFN continues to advocate for robust funding for the CDFI Fund. To take action in support of increased CDFI Fund Appropriations, please visit OFN’s Policy Action Center.

 

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