Is a non-government entity and not under the control of any government entity (Tribal governments excluded).įor more detailed information, please refer to the application resources found in the section below.Maintains accountability to its defined target market and.Provides development services in conjunction with its financing activities In the next stage, the Program will continue to strengthen financial institutions to support the private sector, through boosting the financial planning options.Primarily serves one or more target markets.You may complete the form on your screen, print it and give it to your customer to sign and submit. Has a primary mission of promoting community development Download forms (Off-site) For your convenience, the majority of the forms are fillable.Is a legal entity at the time of Certification application.The CDFI Certification Application must demonstrate that the applicant meets each of the following requirements:

To apply for CDFI Certification, your organization must submit an application to the CDFI Fund for review.

Through varying strategies, each CDFI contributes to the cultivation of a healthy and stable local economy.įor more information, please see our CDFI Certification Fact Sheet ( English / Español). These awards enable CDFIs to finance a wide range of activities-including mortgage lending for first-time homebuyers, flexible underwriting for community facilities, and commercial loans for businesses in low-income areas. By building the capacity of a nationwide network of CDFIs, the CDFI Fund works to empower low-income and underserved people and communities to enter the financial mainstream.Ĭertified CDFIs are eligible to apply for awards through a variety of programs offered by the CDFI Fund. CDFIs include regulated institutions such as community development banks and credit unions, and non-regulated institutions like loan and venture capital funds. We encourage you to clarify this information with your bank.Community Development Financial Institution (CDFI) Certification is a designation given by the CDFI Fund to specialized organizations that provide financial services in low-income communities and to people who lack access to financing. Please note that some banks charge for the ability to use their banking services in this way. Some banks support online bill payment and transaction downloading while others provide only downloading capabilities. Moneydance can connect to the following financial institutions using the OFX (Open Financial Exchange) online banking protocol.

Download financial institutions