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Community Development Financial Institutions Fund

10/20/2021 | Press release | Distributed by Public on 10/20/2021 10:07

FY 2021 BEA Program NOFA Corrected to Change Date for Applicants to be Certified as a CDFI

FY 2021 BEA Program NOFA Corrected to Change Date for Applicants to be Certified as a CDFI
Wednesday, October 20, 2021

The Community Development Financial Institutions Fund (CDFI Fund) will be publishing a correction to the Notice of Funds Availability (NOFA) originally published in the Federal Register on October 14, 2021 for the fiscal year 2021 Application round for the Bank Enterprise Award Program (BEA Program). In anticipation of the publication of this correction to the NOFA next week, the CDFI Fund is sharing the details of this revision with potential applicants now.

The correction to the NOFA will change the date by which a Community Development Financial Institution (CDFI) Applicant must be certified as a CDFI in order for its Application to receive priority consideration for the BEA Program.

The correction will state that an eligible Certified CDFI Applicant is: an Insured Depository Institution that is certified or has submitted its Certification application by December 31, 2020; and was Certified as a CDFI as of the publication date of this NOFA in the Federal Register, which was on October 14, 2021; and maintains its status as a Certified CDFI at the time BEA Program Awards are announced under this NOFA.

No other dates or deadlines have changed.