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.
Breakthrough bond issue provides the largest number of CDFIs access to Treasury Bond Program in a single bond issue.
On July 13, the House Appropriations Committee approved the Financial Services and General Government (FSGG) fiscal year (FY) 2018 Appropriations bill. The bill reduces the CDFI Fund’s budget from FY17 funding level of $248 million to $190 million, a decrease of 23 percent. The bill continues the CDFI Bond Guarantee Program (BGP) with $500 million in guarantee authority.
From the CDFI Fund:
"As a reminder for potential fiscal year (FY) 2017 CDFI Bond Guarantee Program applicants, the relevant deadlines are as follows: