The Treasury Department released revised guidance on its Emergency Capital Investment Program to support minority and community development financial institutions.
Treasury issues guidance on MDI, CDFI program
August 13, 2021 / By ICBA
The Treasury Department released revised guidance on its Emergency Capital Investment Program to support minority and community development financial institutions.
The Treasury Department released revised guidance on its Emergency Capital Investment Program to support minority and community development financial institutions.
Background: The ECIP will invest $9 billion in MDIs and CDFIs to support low- and moderate-income and minority communities.
Resources: The new resources include an updated application form, term sheets, rate reduction incentive guidelines, lending plan evaluation factors guidance, and revised frequently asked questions.
Deadline: Treasury also extended the application deadline to 11:59 p.m. (Eastern time) Wednesday, Sept. 1.
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