CDFI Fund: CDFI Certification Application Now Available in AMIS
In June, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced that it would not accept new applications for certification as a Community Development Financial Institution (CDFI) for a 90-day period, beginning August 1, 2018. The CDFI Fund needed to temporarily halt the application submission process to implement critical systems…
FEMA: President Trump Approves Major Disaster Declaration for Montana
The Federal Emergency Management Agency announced today that federal disaster assistance has been made available to the state of Montana to supplement state, tribal and local recovery efforts in the areas affected by flooding fromMay 1 to June 10, 2018. Federal funding is available to the state, tribal, eligible local governments and certain private nonprofit…
EDA: $5 Million Invested to Aid Disaster Recovery and Resiliency Efforts on Port Aransas, TX
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $5 million grant to the city of Port Aransas, Texas, to boost recovery efforts in the wake of Hurricane Harvey by improving the Port Aransas Municipal Marina and by helping the city acquire land needed to support…
CUNA: $2 Million in Grants Awarded to 203 Low-Income Credit Unions
The NCUA awarded $2 million in grants to 203 low-income credit unions, funding from the agency’s Community Development Revolving Loan Fund (CDRLF). CUNA strongly supports full funding for the CDRLF, and successfully fought to restore funding when the fund was zeroed out for fiscal year 2018. Grant awards ranging from $1,300 to $20,000 were made…
SBA: National Veterans Small Business Week Kicks Off November 5-9
The U.S. Small Business Administration will celebrate the accomplishments of veteran, service member and military spouse small business owners nationwide during National Veterans Small Business Week, Nov. 5-9. “National Veterans Small Business Week is another opportunity for us not only to highlight the success of our nation’s 2.5 million veteran-owned businesses, but also to recognize…
FHFA: Proposed Rule Issued on Federal Home Loan Bank Housing Goals
The Federal Housing Finance Agency (FHFA) is seeking comments on proposed amendments to the existing regulation for the Federal Home Loan Bank (FHLBank) Housing Goals. The proposed rule would: Set a single prospective mortgage purchase housing goal as a share of each FHLBank’s total Acquired Member Asset (AMA) purchases; Set a new small member participation…
CFPB: Build a Brighter Future by Saving at Tax Time
Saving money is not always easy, but having some savings provides people with the security needed to withstand economic shocks and plan for their future. Many people save automatically through a workplace retirement plan or by directly depositing money out of each paycheck into a savings account. But according to the Pew Charitable Trusts, more than…
FEMA: President Trump Approves Major Disaster Declaration for the Commonwealth of the Northern Mariana Islands
The Federal Emergency Management Agency announced that federal disaster assistance has been made available to the Commonwealth of the Northern Mariana Islands to supplement Commonwealth and local recovery efforts in the areas affected by Super Typhoon Yutu beginning on October 24, 2018, and continuing. The President’s action makes federal funding available to affected individuals in…
FEMA: Three More North Carolina Counties Added for Disaster Assistance
Residents and business owners in Chatham, Durham and Guilford counties may now apply for disaster assistance for uninsured and underinsured damage and losses resulting from Hurricane Florence. “The addition of three more counties to the disaster declaration will help more North Carolinians get their lives back on track after Hurricane Florence,” said Gov. Roy Cooper. To…