The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2019 application period for the CDFI Bond Guarantee Program.

Through the CDFI Bond Guarantee Program, the CDFI Fund enables Qualified Issuers to issue bonds that have maturity dates of up to 29.5 years and are fully guaranteed by the federal government. The Qualified Issuer then sells the bonds to the Federal Financing Bank, a division of the Treasury Department, and uses the bond proceeds to make long-term loans at affordable rates to community development financial institutions (CDFIs).

Deadlines:

Please refer to the NOGA and application instructions for detailed information regarding the following application deadlines.

  • CDFI Certification Applications must be submitted through AMIS by 11:59 p.m. EST on December 3, 2018.
  • Qualified Issuer Applications must be submitted through AMIS by 11:59 p.m. EST on February 19, 2019.
  • Guarantee Applications must be submitted through AMIS by 11:59 p.m. EST on February 26, 2019.
  • The last day the CDFI Fund will accept questions regarding the FY 2019 application period for the CDFI Bond Guarantee Program is February 12, 2019, at 11:59 p.m. EST. 

Read the full announcement and learn about upcoming Conference Calls here

 

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