BROADWAY FINANCIAL CORP \DE\ 8-K

What Happened
On February 26, 2026, Broadway Financial Corporation (NASDAQ: BYFC), the holding company of City First Bank, N.A., announced it was selected by the Community Development Financial Institutions Fund (CDFI Fund) to receive a $75 million New Markets Tax Credit (NMTC) allocation. The company said the NMTC allocation will support the Bank’s efforts to provide financing and investment in low‑income communities and to strengthen community‑based organizations. A press release announcing the award was attached to the Form 8‑K as Exhibit 99.1.

Key Details

• $75 million NMTC allocation awarded by the CDFI Fund.
• Announcement date: February 26, 2026.
• Recipient: Broadway Financial Corporation (holding company of City First Bank, N.A.).
• Stated purpose: to support financing and investment in low‑income communities and advance the Bank’s community development mission.

Why It Matters
The NMTC allocation is intended to expand Broadway/City First Bank’s capacity to finance community-focused projects and organizations, reinforcing its role as a community development lender. The filing does not provide estimated financial impact, timing, or specific transactions tied to the allocation, so investors should note the award signals strategic growth in community lending but does not by itself disclose changes to revenue, earnings, or the balance sheet.