Federal Reserve Bank of St. Louis to Host CDFI Fund Workshops

August 26, 2008

Washington, DC -- The Federal Reserve Bank of St. Louis' Community Development Office sponsors and participates in a variety of public forums that provide information and guidance on CRA-related requirements, community investment and development opportunities, and model programs and resources from around the country. On Tuesday, September 9, 2008 the Community Development Office is offering two workshops regarding certification by the U.S. Department of Treasury as a Community Development Financial Institution (CDFI). Members of the CDFI Fund staff will lead the presentation at the workshop. For additional information, including how to register for this event, please refer to the details outlined below.

CDFI Fund Workshops

• Workshop 1: A CDFI Fund Overview—Expanding Opportunities for Community Economic Development
• Workshop 2: Using the CIMS Mapping System to Determine Target Markets

When
Sept. 9, 2008 1:00 p.m. - 4:30 p.m. Local Time

Location
Federal Reserve Bank of St. Louis, Louisville Branch
National City Tower
101 S. Fifth St., Suite 1920
Louisville, KY 40202

Representatives of the U.S. Department of the Treasury's CDFI Fund will conduct two free workshops. Attendees may select either or both.

Workshop 1: A CDFI Fund Overview—Expanding Opportunities for Community Economic Development 1:00 p.m. – 3:00 p.m.

This workshop will help participants decide whether their organization should become a certified CDFI. Representatives of the U.S. Department of the Treasury’s CDFI Fund will also discuss the CDFI Fund’s programs and present examples of entities that have successfully accessed and leveraged CDFI Fund awards.

Workshop 2: Using the CIMS Mapping System to Determine Target Markets 3:15 p.m. - 4:30 p.m.

Learn how to use the CDFI Fund’s Community Impact Mapping System (CIMS) to geocode addresses, map Target Markets, and determine whether specific markets are considered distressed under the CDFI Fund’s criteria. This session also will provide guidance on addressing the Target Market and Accountability criteria as they relate to CIMS.

Who should attend: Representatives of current or potential financial institutions, whose primary line of business is to provide financing; representatives of community organizations that intend to partner with financial institutions; and representatives of faith-based organizations.

Register online by Sept. 5.

For information, contact Faith Weekly at 502-568-9216 or faith.e.weekly@stls.frb.org.

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[CDFI-2008-33]