news.cuna.org/articles/109683-mandatory-annual-report-to-replace-3-year-cdfi-recertification

Mandatory annual report to replace 3-year CDFI recertification

March 4, 2016

WASHINGTON (3/4/16)--The U.S. Treasury Department is changing a certification requirement for Community Development Financial Institutions.

Treasury's CDFI Fund Thursday launched a new mandatory Annual Certification Report for all certified institutions. It will replace the current three-year recertification requirement.

Reporting deadlines will be based upon a CDFI’s fiscal year end. Beginning with organizations with fiscal years that end in April through September, the CDFI Fund will issue replacement CDFI certification letters that outline the new requirement and reporting deadlines.

The CDFI Fund will host training webinars, for CDFIs that must report in April, on:

  • March 15 at 2 p.m.(ET); and
  • March 17 at 2 p.m. (ET).

Information for the webinars can be found on the CDFI Fund’s certification website. Additional webinars will be scheduled to assist CDFIs with later reporting dates. The CDFI Fund will release information about additional webinars when available. 

Questions about the Annual Certification Report can be addressed by contacting the Certification, Compliance Monitoring and Evaluation Help Desk at ccme@cdfi.treas.gov or by calling (202) 653-0421.