Comment Period Closes Thu. 11/5 on Proposed Changes to CDFI Certification and Reporting
Our colleagues at Inclusiv recently shared this, and we're passing it along:
Earlier this year, the Community Development Financial Institution (CDFI) Fund proposed changes to CDFI certification and reporting requirements and requested comments on these proposals from current and prospective CDFIs. The changes that the Fund has proposed would affect requirements in four key areas: Recertification and Reporting, the Target Market Test, the Accountability Test and the Primary Mission Test for current and prospective CDFIs.
Given the significance of these proposed changes, Inclusiv and its partners successfully lobbied the Fund for additional time to prepare comments. Written comments on proposed changes for both certification and reporting requirements must now be received by the CDFI Fund via email on or before November 5th, 2020.
Please submit your comment letters to the CDFI Fund separately via email for the proposed changes to certification, to Tanya McInnis, and annual reporting, to Greg Bischak, by November 5th, 2020. Contact information for each intended recipient is included in the templated letters we are sharing here.