CDFI Fund to host call for institutions in certification cure period
The Community Development Financial Institutions Fund (CDFI) will host an informational conference call for CDFIs currently in a Certification cure period related to the submission of a 2021 or 2022 Annual Certification and Data Collection Report (ACR). The call is scheduled for 3 to 4 p.m. ET, on August 10.
The CDFI Fund recently announced that on October 1, 2022 it is implementing a blackout period for six months to prepare for the launch of the revised CDFI Certification Application and reporting requirements.
During this time, CDFIs are required to maintain a state of good standing with respect to their CDF Certification status.
CDFIs currently in a Certification cure period related to a 2021 or 2022 ACR Report Year submission are obligated to adhere to the specific deadlines and deliverables associated with that cure requirement. Failure to do so can result in a loss of Certification during the blackout period.
To assist CDFIs currently in a Certification cure period, or those awaiting a determination as to whether they will be placed in a cure period, the CDFI Fund is conducting a live conference call on August 10, 2022.
The call will provide general information on how CDFIs can satisfy the terms of a cure and resolve Certification deficiencies during the coming CDFI Certification Application blackout period. The CDFI Fund strongly encourages the participation of a representative from any CDFI currently in a Certification cure period.