During the Advisory Board Meeting of the Community Development Financial Institutions Fund (CDFI Fund) held today, NMTC Program Manager, Bob Ibanez, remarked that Round 12 allocation awards are expected in late May to early June. This is consistent with prior public comments.
Bob also indicated that he and his team expected to again conduct site visit between this round and the FY 2015 round in order to gain a better understanding of CDE best practices and challenges to better inform future CDFI programmatic policy decisions. Bob’s closing remark to the chair, that it “would not hurt to get more allocation” is worthy of note. Bob further made mention, several times, of the challenges faced by CDEs and most program participants due to lack of program permanency.
An archived version of the Advisory Board meeting will be posted here.