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2018 CDFI Coalition Institute CDFI Fund Director Annie Donovan February 28, 2018 Community Development Financial Institutions Fund www.cdfifund.gov

CDFI Fund Overview

CDFI Fund Overview

CDFI Fund Overview

CDFI Impact: Gaps Remain Poverty 0 to 20% 20 to 30% Over 30% Certified CDFI CDFI Fund Overview

Increasing Impact — Financial Assistance Highly qualified applicants were then Objectives, must include: assessed upon: expanding operations in a new investment area(s); the extent of the of eco economic ic di distress in n the the ar areas the they ar are ser ervin ing; serving a new targeted population(s); the extent to the o whi which the their ir act activ ivit itie ies ha have expanded, or or wi will l exp xpand, , ec econ onomic op oppo portunities; and and providing new products or services; or the the extent to o whi which the they wil will l colla ollabor orate wi with the their ir increasing the volume of products or services. com ommunit itie ies and and inc ncrease the their ir res esources thr throu ough colla ollabor oratio ions and and par partnership ips. CDFI Fund Overview

CDFI Fund Overview

2017 CDFI Program Round: Outcomes and Impact • 303 303 or organizations s rec eceived $208 $208.7 mill illion • 60% 60% of of Cor Core pr program ap applicants rece eceived awar ards s • 50 fi 50 first-time awar ardees • 101 101 CDFI CDFIs s ser serve Per ersistent Poverty Cou Counties • 29% 29% of of the awar ardees prim primaril ily ser serve rur rural ar area eas CDFI Fund Overview

2017 CDFI Program Round: Outcomes and Impact Financial Institution Type # of Applicants % of Applicants # of Awardees % of Awardees Bank/Bank Holding Company 31 8% 27 12% Credit Union 86 23% 49 22% Loan Fund 253 67% 144 64% Venture Capital Fund 5 1% 4 2% Total CDFI-FA (Core and SECA) 375 99% 224 100% CDFI Fund Overview

2017 CDFI Program Round: Enhancing the Customer Experience • A 2017 2017 pos post ap application surv survey indicated: o 43% thought the revised application was easier to understand than the old applications o 50% thought the new application was less repetitive o 32% thought the new application took less time to complete o 79% indicated the application allowed them to accurately describe their organization and the impact they could make with an award. CDFI Fund Overview

Promoting CDFI Collaboration CDFI Fund Overview