CDFI Fund Opens Applications for CDFI Bond Guarantee Program
The CDFI Fund has opened the application period for the CDFI Bond Guarantee Program. The program is intended to support CDFI lending and investment by providing a source of long-term, patient capital to CDFIs. Up to $750 million in total bond guarantee authority is available in this round. The minimum guarantee size is $100 million. Application materials are available on the CDFI Fund’s website. Qualified Issuer applications must be submitted by June 23, 2014. Guarantee applications must be submitted by June 30, 2014. The CDFI Fund will hold a series of application workshops on the CDFI Bond Guarantee Program in Detroit June 2-3, Washington June 10-11 and San Francisco June 17-18.