CDFI Certification Services

Where Mission meets Compliance.

Certification; What You Need to Know  in 2024

There will be some substantive changes to the information required for CDFI recertification when the new process rolls out in August 2024. Here's a breakdown of the key differences:

New Information:

  • Transaction Level Report (TLR): Both new and recertifying CDFIs will need to submit a TLR as part of their application and annual reports. This report provides detailed information on individual loans and investments, offering deeper insights into the CDFI's activities and impact.

  • Enhanced Data Collection: The revised application form includes updated data collection fields across various areas, aiming for a more comprehensive picture of the CDFI's operations, target population, and community service.

  • Focus on Community Development Impact: The application will ask for more detailed information on the CDFI's community development activities, highlighting its specific impact on low-income communities and underserved populations.

Our Approach

  • Our team of experienced professionals possesses a deep understanding of CDFI regulations and requirements, ensuring a smooth and efficient process.

  • We cover all aspects of recertification, from initial assessment and documentation preparation to data analysis and report generation.

  • Our efficient methods save you time and resources, allowing you to focus on your core mission of serving your community.

Subscribe

Subscribe