CDFI Fund: Public Comments Sought on the NMTC Allocation and Qualified Equity Investment Tracking System
The Community Development Financial Institutions Fund (CDFI Fund), U.S. Department of the Treasury, is soliciting comments concerning the New Markets Tax Credit Program (NMTC Program) Allocation and Qualified Equity Investment Tracking System (AQEI). The NMTC Program provides an incentive to investors in the form of tax credits over a seven year period and stimulates the…
FHFA: Annual Report on Low-Income Housing and Community Development Activities at the FHLBs Released
Today, the Federal Housing Finance Agency (FHFA) released its annual report on the low-income housing and community development activities of the Federal Home Loan Banks (FHLBanks). The report highlights the FHLBanks’ activities and performance in 2021 through the Affordable Housing Program (AHP), the Community Investment Program (CIP), and the Community Investment Cash Advance Program (CICA)….
ABA: Seven Banks Win ABA Foundation’s 2022 Community Commitment Awards
The American Bankers Association Foundation named seven banks as 2022 Community Commitment Award winners. The annual awards recognize banks for extraordinary corporate social responsibility efforts in seven specific categories ranging from affordable housing to economic inclusion. The winners will be recognized at ABA’s Annual Convention in Austin, Texas on Oct. 4. The selection committee, made up of independent,…
HUD: $1.7 Million Loan Guarantee for Mount Vernon, WA Library Commons Project Announced
The U.S. Department of Housing and Urban Development (HUD) today announced a $1.7 million loan guarantee for the Library Commons Project in the City of Mount Vernon, Washington. The loan guarantee, offered through the Section 108 Loan Guarantee Program (Section 108), will be used to finance the development of a new multi-use municipal facility that…
HUD: $5.5 Million Funding Opportunity Announced for HBCUs to Conduct Housing and Community Development Research
The U.S. Department of Housing and Urban Development (HUD) announced that it will make available $5.5 million for Historically Black Colleges and Universities (HBCUs) to establish or bolster existing Centers of Excellence (COE) that conduct housing and community development research. “Historically Black Colleges and Universities are economic anchors for their communities,” said Secretary Marcia L. Fudge….
HUD: $147 Million Awarded to Tribal Communities for Affordable Housing and Community Development
The U.S. Department of Housing and Urban Development (HUD) on Thursday announced 83 awards totaling $147 million for affordable housing and community development projects that primarily benefit people with low and moderate incomes in American Indian and Alaska Native communities. “Every person deserves a fair shot to get ahead-one that includes access to safe, affordable…