2018 CDFI INSTITUTE Renaissance-Conference #CDFIsInvest WiFi Code: - - PowerPoint PPT Presentation

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2018 CDFI INSTITUTE Renaissance-Conference #CDFIsInvest WiFi Code: - - PowerPoint PPT Presentation

Sep 10, 2022 363 likes •504 views

WiFi Network: Tweet using 2018 CDFI INSTITUTE Renaissance-Conference #CDFIsInvest WiFi Code: CDFI2018 2018 CDFI Coalition Institute CDFI Fund Director Annie Donovan February 28, 2018 Community Development Financial Institutions Fund

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SLIDE 1

2018 CDFI INSTITUTE

WiFi Network: Renaissance-Conference WiFi Code: CDFI2018

Tweet using #CDFIsInvest

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SLIDE 2

2018 CDFI Coalition Institute

CDFI Fund Director Annie Donovan February 28, 2018

Community Development Financial Institutions Fund www.cdfifund.gov

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SLIDE 3

CDFI Fund Overview

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SLIDE 4

CDFI Fund Overview

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SLIDE 5

CDFI Fund Overview

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SLIDE 6

CDFI Fund Overview

CDFI Impact: Gaps Remain

Poverty

0 to 20% 20 to 30% Over 30% Certified CDFI

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SLIDE 7

Highly qualified applicants were then assessed upon:

the the extent of

  • f eco

economic ic di distress in n the the ar areas the they ar are ser ervin ing; the the extent to

  • whi

which the their ir act activ ivit itie ies ha have expanded, or

  • r wi

will l exp xpand, , ec econ

  • nomic op
  • ppo

portunities; and and the the extent to

  • whi

which the they wil will l colla

  • llabor
  • rate wi

with the their ir com

  • mmunit

itie ies and and inc ncrease the their ir res esources thr throu

  • ugh

colla

  • llabor
  • ratio

ions and and par partnership ips.

CDFI Fund Overview

Increasing Impact—Financial Assistance Objectives, must include:

expanding operations in a new investment area(s); serving a new targeted population(s); providing new products or services; or increasing the volume of products or services.

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SLIDE 8

CDFI Fund Overview

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SLIDE 9

2017 CDFI Program Round: Outcomes and Impact

  • 303

303 or

  • rganizations

s rec eceived $208 $208.7 mill illion

  • 60%

60% of

  • f Cor

Core pr program ap applicants rece eceived awar ards s

  • 50

50 fi first-time awar ardees

  • 101

101 CDFI CDFIs s ser serve Per ersistent Poverty Cou Counties

  • 29%

29% of

  • f the awar

ardees prim primaril ily ser serve rur rural ar area eas CDFI Fund Overview

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SLIDE 10

2017 CDFI Program Round: Outcomes and Impact

CDFI Fund Overview

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%

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SLIDE 11

2017 CDFI Program Round: Enhancing the Customer Experience

  • A 2017

2017 pos post ap application surv survey indicated: CDFI Fund Overview

  • 43% thought the revised application was easier to

understand than the old applications

  • 50% thought the new application was less repetitive
  • 32% thought the new application took less time to complete
  • 79% indicated the application allowed them to accurately

describe their organization and the impact they could make with an award.

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SLIDE 12

Promoting CDFI Collaboration

CDFI Fund Overview