Wednesday, March 11, 2020

CDFI Fund Update: Don't Forget Your Annual Compliance, Certification and other Reporting Obligations

        Program Update - March 11, 2020

CDFI Fund Logo

Reminder: Don't Forget Your Annual Compliance, Certification and other Reporting Obligations!

Are you the Authorized Representative of an organization that has received a CDFI Fund Award and/or Allocation? If so, don't forget that in order to maintain compliance with your Assistance and/or Allocation Agreement(s) you must complete and submit the annual compliance report(s) as specified in your agreement(s).

Failure to file annual compliance and certification reports or advise the CDFI Fund of certain Material Events may result in noncompliance with your organization's Assistance and/or Allocation Agreement(s).

The due dates to submit annual compliance report(s) vary by fiscal year end date and type of award, as well as by the specific terms within each organization's individual Assistance and/or Allocation Agreement. This reminder is specifically for organizations with Assistance and/or Allocation Agreements that have an upcoming report(s) due by March 31, 2020.

How to Check Your Report Date
The due dates(s) for your organization's required report(s) can be found in the Assistance and/or Allocation Agreement(s) for your award(s) and on the Report Schedule in the Awards Management Information System (AMIS). Please review your Assistance and/or Allocation Agreement(s) to check if you are required to report at this time and for additional information about the annual compliance report requirements.

Advise the CDFI Fund of Material Events
As specified in the terms of your organization's Assistance and/or Allocation Agreement(s), please remember that your organization is required to advise the CDFI Fund of an occurrence of a Material Event, which should be submitted via a Service Request initiated in your organization's AMIS account. CDFI Fund Recipients with active awards are required to submit a Material Events form within 30 days of the occurrence of a material event. New Market Tax Credit Program (NMTC Program) Allocatees are required to submit a Material Events form within 20 days of the occurrence of material event. Please refer to your Assistance and/or Allocation Agreements(s) for guidance regarding submission of a Material Events form.

Annual Certification Report Deadline Reminder
All certified CDFIs are required to submit Annual Certification and Data Collection Reports (ACRs) on an annual basis. CDFIs must submit their ACR, in AMIS, within 90 days of the end of their organization's fiscal year. Those organizations newly certified during fiscal year 2020 will not be required to submit the ACR until the 2021 reporting cycle. Please note that the Report Schedule in AMIS, mentioned above, will NOT display an organization's ACR submission deadline date.

For More Information
Information and instructions on submitting annual compliance and certification reports, as well as Material Events forms can be found on the CDFI Fund's website at the following links:

If you have questions about the annual compliance and certification reports or Material Events, please contact your organization's Certification, Compliance Monitoring and Evaluation Portfolio Manager directly or send a Service Request via your organization's AMIS account. You may also contact the CDFI Fund's Help Desk at ccme@cdfi.treas.gov or (202) 653-0421. For more information about the CDFI Fund and its programs, please visit www.cdfifund.gov.


This email was sent to stevenmagallanes520.nims@blogger.com using GovDelivery Communications Cloud on behalf of: CDFI Fund, US Department of the Treasury · 1801 L St., NW, 6th Floor, Washington, DC 20036· 202-653-0300 GovDelivery logo

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