The U.S. Treasury Department has guaranteed $325 million in new bonds to help support economic development opportunities in low-income and underserved communities through the CDFI Bond Guarantee Program. The program is designed to help CDFIs fill a financing gap in underserved areas by providing long-term, fixed rate capital. Four institutions received the bond guarantees in the inaugural round. Clearinghouse CDFI will receive $100 million on account of a bond issued by Opportunity Finance Network; Community Development Trust, LP will receive $125 million on account of a bond issued by the Community Reinvestment Fund; Local Initiatives Support Corporation and Enterprise Community Loan Fund, Inc. will each receive $50 million on account of two bonds issued by Bank of America CDFI Funding Corporation.