Community Development Financial Institutions (CDFI) Fund, Fiscal Year 2010 Performance and Accountability Report

摘要

This is the fiscal year 2010 Performance and Accountability Report for the Community Development Financial Institutions (CDFI) Fund. Fiscal year (FY) 2010 marked the 15th anniversary of the CDFI Fund, which was a year full of many successful accomplishments. CDFI was called upon to play a significant role in helping the country recover from a serious recession and, as this Report demonstrates, the CDFI Fund has been at the forefront of many national economic recovery efforts. During FY 2010, the CDFI Fund announced more awards under our programs than any other year in our history. Through our flagship CDFI Program, we awarded $104.8 million in grants to 147 CDFIs and 32 organizations serving distressed communities in 44 states and the District of Columbia. These grants will help financial institutions that support local entrepreneurs and small businesses, and spur local economic growth and recovery by expanding access to capital and affordable financial services in underserved areas. In FY 2010, the CDFI Fund launched its Capacity Building Initiative, designed to greatly expand technical assistance and training opportunities for CDFIs nationwide. Certification and compliance are as important as award distribution and capacity building when it comes to the successful administration of CDFI programs, and the CDFI Fund performed exceptionally well with meeting its certification and compliance goals in FY 2010.