Message from the NEW CDFI Fund Director

Kimberly A. Reed

On February 1, 2007, I began my tenure as Director of the CDFI Fund. I am honored that the President and U.S. Treasury Secretary Henry M. Paulson have given me their trust to lead this important institution.

I look forward to working with the dedicated, hard-working Fund staff, and deeply appreciate the very warm welcome that they have given me. They, like me, are passionate about the mission of this organization, and I intend to support them in our drive to promote economic revitalization and community development.

Continuation of Director's Message

Biography

Press Release on Appointment to the CDFI Fund

New Training Offered to Help Create CDFIs and Financial Education Programs Benefiting Native Communities

A total of $3.3 million has been awarded in contracts to two organizations charged with developing training programs for Native American, Alaskan Native and Native Hawaiian organizations interested in either creating a financial institution to serve their community or creating financial education programs to build the financial skills of the residents of their community. The first of these training programs is slated to begin this month.

Press Release

New NMTC QEI Issuance Report Available on Fund's Website

The CDFI Fund is pleased to be able to make available on its website the New Markets Tax Credit (NMTC) Qualified Equity Investment (QEI) Issuance Report (Report). The Report identifies, among other things, each entity that has received allocations of NMTCs; the total allocation amount received by each entity; the dollar amount of allocation authority that has been issued to investors; the amount remaining to be issued to investors; and the predominant markets to be served by each entity.

QEI Issuance Report

CDFI Fund Seeks Comments on Project Profile Form

Comments due March 13, 2007

The CDFI Fund is soliciting comments concerning a voluntary information collection effort involving all Fund Programs. The Fund wants to collect narrative descriptions of projects financed by Fund awardees and allocatees in order to be responsive to the public’s request for better and more narrative information on impact and best practices associated with all of the Fund’s Programs. The purpose is to more fully describe and record the innovative approaches CDFIs and CDEs use in revitalizing communities and serving families. Fund awardees and allocates will be invited to submit narratives on one or more projects that they believe demonstrate best practices or high impact. The Fund plans to use the descriptions in Fund publications and on the Fund’s website to highlight the work of its awardees and allocatees.

Federal Register Notice

Project Profile Form

Nine Years and Counting!

The CDFI Fund has once again received a Clean Audit

The CDFI Fund is pleased to present its Fiscal Year 2006 Performance and Accountability Report. This is the ninth consecutive year in which the auditors rendered an unqualified opionion on the Fund's financial statements and in which no material weaknesses were reported.

Press Release

Performance and Accountability Report

GAO Issues Positive Report on NMTC Program

On January 31, 2007, the United States Government Accounting Office (GAO) released the second of its three statutorily-mandated reports on the NMTC Program. The Report found that NMTCs encourage investments in the nation’s most distressed communities, and that these investments would not likely have occurred in the same form or fashion without the credits.

Article

GAO Report

Join the CDFI Fund Team!

Over the course of the next several months, the CDFI Fund will be seeking qualified applicants for various different positions. Please visit the Fund's website periodically for these annouincements.

CDFI Fund Vacancies