CDFI Fund: U.S. Treasury Announces $120 Million in Awards for Affordable Housing
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 40 organizations $120 million today for the development of affordable housing and related economic development activities in low-income communities. These awards were made through the fiscal year (FY) 2017 round of the Capital Magnet Fund, with funds available from the calendar…
HUD: Secretary Carson Launches New Financial Controls Including Grant Modernization
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced new measures to protect the financial integrity of the agency and correct lax internal processes and controls. Secretary Carson directed HUD’s newly appointed Chief Financial Officer, Irving Dennis, to design and implement a transformation plan and lead an internal taskforce to combat…
SBA: Administrator Honors Nation’s Top Small Business Persons of the Year
Administrator Linda McMahon, the head of the U.S. Small Business Administration, announced today this year’s Small Business Person of the Year winners from the 50 states, the District of Columbia and Puerto Rico. All of the winners have been invited to attend ceremonies in Washington, D.C on April 29-30 where they will be honored with…
FDIC: FFIEC Revises A Guide to HMDA Reporting: Getting It Right!
The Federal Financial Institutions Examination Council (FFIEC) has revised A Guide to HMDA Reporting: Getting It Right! to reflect the October 2015 Home Mortgage Disclosure Act (HMDA) final rule, as amended in 2017. This compliance resource should help financial institutions better understand the final rule’s requirements, including the data collection and reporting provisions. Statement of…
SBA: National Small Business Week Begins April 29th
Today, the head of the U.S. Small Business Administration, Administrator Linda McMahon announced that this year’s National Small Business Week will be held from April 29 – May 5, 2018. McMahon will start the week in Washington, D.C., where she will recognize and award outstanding small business owners and Resource Partners from around the country….
CDFI Fund: Application Demand for FY 2017 Round of BEA Program Released
REPRESENTS OVER $500 MILLION IN INCREASED LENDING IN DISTRESSED COMMUNITIES The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today the application data for the fiscal year (FY) 2017 round of its Bank Enterprise Award Program (BEA Program). A total of 119 applications were received requesting awards of more than…
ABA: Virginia Teen Named Grand Prize Winner of National Video Contest
‘Lights, Camera, Save!’ inspires kids and teens to save during America Saves Week WASHINGTON—In recognition of America Saves Week, the American Bankers Association Foundation announced today the three national winners for its 2017-2018 Lights, Camera, Save! video contest. The winning videos were revealed through a live broadcast on the association’s YouTube channel. The judging panel,…
HUD: Choice Neighborhoods Planning Grants Awarded
The U.S. Department of Housing and Urban Development (HUD) today awarded nearly $5 million to six communities to help create plans to redevelop severely distressed HUD assisted housing and revitalize neighborhoods. Funded through HUD’s Choice Neighborhoods Initiative, these grants will help local leaders to craft comprehensive, homegrown plans to revitalize and transform these neighborhoods. HUD’s…
OCC: Publication Focuses on Single-Family Rehabilitation Financing Programs
The Office of the Comptroller of the Currency (OCC) published the latest edition of its Community Developments Investments newsletter titled “Expanding Housing Opportunities: Single-Family Rehabilitation Financing Programs.” This edition of Community Developments Investments discusses how national banks and federal savings associations can help revitalize communities by establishing housing rehabilitation loan programs. The publication describes how…
SBA: CEOs Ready to Get on the Fast Track to Grow in 2018; Apply by March 2nd
SBA Recruits for Emerging Leaders Initiative The U.S. Small Business Administration has launched recruitment for the 2018 Emerging Leaders Initiative, a seven-month executive-level training series targeting small businesses with high-growth potential and the entrepreneurial drive to follow through with their new skills and planning tools. For the seventh consecutive year, the Hawaii District Office will…