💼CDFI Program Notice of Funds Availability Amendment
Amendment of Notice of Funds Availability for Community Development Financial Institutions Program; Revised Application Submission Deadline
Summary
The Community Development Financial Institutions Fund (CDFI Fund) is amending its Notice of Funds Availability (NOFA) inviting Applications for Financial Assistance (FA) or Technical Assistance (TA) awards for the CDFI Program, which was published in the Federal Register on January 17, 2025. These amendments promote consistency with recent court decisions regarding race-based preferences and reflect the current Administration's priorities, as reflected in the President's executive orders. Applicants that submitted an Application under the NOFA do not need to withdraw or reapply. The amendments in this notice do not affect steps 1 through 3 of the CDFI Fund's scoring/evaluation process. Applicants that submitted an Application under the NOFA and that advanced to step 4 in the scoring/evaluation process, as described in the NOFA, will be notified by the CDFI Fund and given an opportunity to update their Applications based on the amendments described in this notice.
Agencies
- Treasury Department
- Community Development Financial Institutions Fund
Business Impact
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The notice amends the Notice of Funds Availability for the Community Development Financial Institutions Program, emphasizing revised submission deadlines and changes to eligibility criteria. This directly affects businesses seeking financial assistance, as applicants can update their submissions in line with the new regulations.