News, Innovations, & Results

CDFI Fund to Host Series of Certification Conference Calls
The U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) will be conducting a series of conference calls regarding CDFI Certification. These calls will serve as a forum for potential certification applicants to ask questions of CDFI Fund staff about becoming a certified CDFI.

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Coming Soon: The 2008 State Legislative Guide
We are currently publishing our third annual State Legislative Guide. The popular report features analysis of legislation that benefits CDFIs that was introduced in state legislatures across the country during this session, as well as synopses of all the bills featured in the report. Check back often for more information about this exciting resource for the opportunity finance industry.

Housing Bill Now Law
On Wednesday, July 30, 2008, President Bush signed into law the historic Housing and Economic Recovery Act of 2008. This makes the Capital Magnet Fund a reality, as well as allows CDFIs to become members of the Federal Home Loan Bank system. The law creates the Affordable Housing Trust Fund, which will increase the supply of affordable housing nationwide, and will provide thousands of homeowners’ relief from foreclosure.

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