CDFI Fund Implements Annual Certification Report

CDFI Fund
Thursday, March 3, 2016

The CDFI Fund has launched a new mandatory annual certification report for all certified CDFIs. The new report will allow the CDFI Fund to annually assess certified CDFIs’ compliance with certification rules. All certified CDFIs must comply with the annual reporting to maintain their certification. The new process replaces the previously-implemented three year term for certification. Reporting deadlines will be based upon the CDFI’s fiscal year end. The reporting deadlines will be April 30, 2016 for organizations whose fiscal years end from April 1, 2015 to September 30, 2015 and July 31, 2016 for organizations whose fiscal years end October 1, 2015 to March 31, 2016. The CDFI Fund will host training webinars on the new requirements March 15 and 17 at 2:00 p.m. ET.