Washington, DC (September 27, 2017)—U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that Treasury issued two guarantees totaling $245 million under the Community Development Financial Institutions (CDFI) Bond Guarantee Program. The guarantees were issued on behalf of nine Eligible CDFIs under the fiscal year (FY) 2017 round of the program. Over $1.36 billion has been guaranteed since the inception of the CDFI Bond Guarantee Program, which provides long-term, fixed-rate capital for projects in low-income urban, rural, and Native communities.
“The CDFI Bond Guarantee Program is an effective tool for connecting distressed communities to the investment capital they need to grow and prosper. I am excited to announce the 2017 program participants,” said Director Donovan.
Read the full press release here.