FHFA: 2019 Scorecard Released for Fannie Mae, Freddie Mac and Common Securitization Solutions
The Federal Housing Finance Agency (FHFA) today released the 2019 Scorecard outlining specific conservatorship priorities for Fannie Mae, Freddie Mac (the Enterprises), and their joint venture, Common Securitization Solutions, LLC (CSS). The 2019 Scorecard furthers the goals outlined in FHFA’s Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac, published in May 2014. …
CDFI Fund: Nearly $25 Million in Bank Enterprise Awards Announced for Increased Investments in Highly Distressed Communities
Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced nearly $25 million in awards to 119 banks for increasing investments benefiting economically distressed communities across the nation. The awards were made through the fiscal year (FY) 2018 round of the Bank Enterprise Award Program (BEA Program). The BEA Program…
SBA: Upcoming Workshops on Applying for Women’s Business Center Grants
The U.S. Small Business Administration (SBA) will conduct workshops to train organizations in Idaho on best practices regarding the Women’s Business Center (WBC) grant application process. The dates and locations of the workshops will be held in mid-January with more information announced at a later date. “We know that when women get help in the…
CDFI Fund: Summary Report and Public Data for NMTC Program for FY 2003-2016 Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today released a Summary Report and data collected on New Markets Tax Credit (NMTC) investments across the nation through fiscal year (FY) 2016. The CDFI Fund requires all Community Development Entities (CDEs) that have been awarded NMTC allocations to submit an annual…
CDFI Fund: Annual Certification Reporting Deadlines Revised
Annual Certification and Data Collection Reports now Due 90 Days after Organizational Fiscal Year-end The U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund) is revising the due dates for certified community development financial institutions (CDFIs) to submit their required Annual Certification and Data Collection Reports (ACRs). Certified CDFIs are required to submit ACRs…
HUD & VA: Additional Support Announced to Help Homeless Veterans Find Permanent Homes
Second Round of HUD-VASH vouchers to provide housing for veterans and their families In a continuing effort to help end veteran homelessness, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) today announce a second round of funding to help provide permanent homes to veterans and their…
EDA: $21 Million Invested to Accelerate Entrepreneurship Across the Nation
U.S. Secretary of Commerce Wilbur Ross today announced that 40 organizations — including nonprofits, institutions of higher education, and entrepreneurship-focused organizations — from 28 states and two territories will receive $21 million to create and expand cluster-focused entrepreneurship and technology transfer programs, and early-stage seed fund support under the Economic Development Administration’s (EDA) 2018 Regional…
EDA: $3.1 Million Invested to Support Disaster Resiliency Efforts in Laurens, SC
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3.1 million grant to Laurens County Water and Sewer Commission of Laurens, South Carolina, to make critical water infrastructure improvements needed to keep businesses open in the wake of future severe weather events. “The Trump Administration is…
CDFI Fund: Application Demand for FY 2018 Round of Capital Magnet Fund Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the application data for the fiscal year (FY) 2018 round of its Capital Magnet Fund program. A total of 116 organizations submitted eligible applications requesting more than $570 million in funding. The applicants propose to serve 49 states, the District…