CDFI Program
E6066
The CDFI Program is a federal initiative that provides financial and technical assistance to community development financial institutions to expand economic opportunity in underserved communities.
Statements (50)
| Predicate | Object |
|---|---|
| instanceOf |
United States government program
→
community development program → federal financial assistance program → |
| administeredBy |
Community Development Financial Institutions Fund
→
U.S. Department of the Treasury → |
| beneficiary |
low-income individuals
→
minority communities → rural communities → urban distressed neighborhoods → |
| country |
United States
→
|
| eligibilityRequirement |
being a financing entity
→
being a non-governmental entity (with limited exceptions for tribal governments) → certification as a Community Development Financial Institution by the CDFI Fund → maintaining accountability to a target market → primary mission of promoting community development → providing development services in conjunction with financing → serving one or more target markets → |
| focusArea |
affordable housing finance
→
commercial real estate in distressed areas → community facilities financing → consumer financial services in underserved markets → microenterprise lending → small business lending → |
| fullName |
Community Development Financial Institutions Program
→
|
| fundingSource |
federal appropriations
→
|
| jurisdiction |
federal government of the United States
→
|
| provides |
credit union shares
→
deposits → development services funding → equity investments → financial assistance awards → grants → loan loss reserves → technical assistance awards → |
| purpose |
to expand economic opportunity in underserved communities
→
to promote community development → to provide financial assistance to community development financial institutions → to provide technical assistance to community development financial institutions → |
| relatedTo |
Native Initiatives of the CDFI Fund
→
New Markets Tax Credit Program → |
| sector |
community development finance
→
|
| supports |
development services provided by CDFIs
→
investment activities of CDFIs → lending activities of CDFIs → organizational capacity building for CDFIs → |
| targetAudience |
community development financial institutions
→
|
| targetCommunity |
economically distressed communities
→
low-income communities → underserved communities → |
| website |
https://www.cdfifund.gov/programs-training/programs/cdfi-program
→
|
Referenced by (1)
| Subject (surface form when different) | Predicate |
|---|---|
|
Community Development Financial Institutions Fund
→
|
manages |