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PLUM to Bring New Survey

As part of its new PLUM initiative, the CDFI Fund has also proposed surveying CDCUs and other CDFIs about their activities. The Fund proposed surveying institutions yearly for information on the types and structures of institutions participating and precisely how they are using the funds granted by the CDFI Fund....

By Staff Writer | Updated on August 19, 2003

As part of its new PLUM initiative, the CDFI Fund has also proposed surveying CDCUs and other CDFIs about their activities. The Fund proposed surveying institutions yearly for information on the types and structures of institutions participating and precisely how they are using the funds granted by the CDFI Fund. Comments on this proposal are due September 15. The proposed surveys deal with CDFIs as well as institutions participating in the New Markets Tax Credit program. There would be two CDFI annual surveys: one for “institution-level” information, the other for “transaction-level” information. The seven-page institution-level survey would ask whether a recipient institution is owned and controlled by women and minorities; if it is a thrift, credit union, loan fund, venture capital fund, CDFI intermediary, etc.; if it is for-profit or not-for-profit, or is a tribal or village government; if it’s a faith-based organization; what racial/ethnic populations are served, and what geographic areas were financed. The transaction-level survey, three pages long, would seek information by transaction.

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