The Treasury Department will again extend the deadline to submit applications under its program to invest $9 billion in Minority Depository Institutions (MDIs) and Community Development Financial Institutions.
Treasury again extends MDI, CDFI program
July 06, 2021 / By ICBA
The Treasury Department will again extend the deadline to submit applications under its program to invest $9 billion in Minority Depository Institutions (MDIs) and Community Development Financial Institutions.
The Treasury Department will again extend the deadline to submit applications under its program to invest $9 billion in Minority Depository Institutions and Community Development Financial Institutions.
Background: The Emergency Capital Investment Program will invest in MDIs and CDFIs to support low- and moderate-income and minority communities.
Extension: In a notice on its ECIP webpage, Treasury said it plans to issue additional clarifications and amendments, so the application deadline will be extended to 14 days after the release of its forthcoming guidance.
Deadline: The ECIP deadline was previously set for 11:59 p.m. (Eastern time) today after an earlier 60-day extension.
Revisions: In its online notice, Treasury also says organizations may ask to revise their already-submitted applications by emailing ecip@treasury.gov.
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