HUD: $30 Million Awarded to Help Children in Foster Care
The U.S. Department of Housing and Urban Development (HUD) today awarded $30 million to public housing authorities nationwide, which will work closely with local public welfare agencies to identify youth at risk of homelessness and families whose lack of adequate housing is the primary reason their children are in foster care. This funding will make…
EDA: $749,000 Invested to Boost Workforce Training Opportunities in West Virginia
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $749,000 grant to Bridge Valley Community and Technical College of South Charleston, West Virginia, to help establish the Bridge Valley Construction, Telecommunications, and Energy Workforce Training Center, which will be located on Bridge Valley’s Montgomery campus. “Bridge Valley Community and Technical College…
FHFA: Progress Update on the Single Security Initiative and Common Securitization Platform for Uniform Mortgage-Backed Securities
The Federal Housing Finance Agency (FHFA) today published An Update on the Single Security Initiative (SSI) and the Common Securitization Platform (CSP) detailing activity and progress on the development of the CSP and toward the launch of a single, common security called the Uniform Mortgage-Backed Security (UMBS). Fannie Mae and Freddie Mac (the Enterprises) and…
CDFI Fund: Annual CIIS Public Data Released on CDFI Program Recipient Reporting
The Community Development Financial Institutions Fund (CDFI Fund) released today an additional year of data provided by Community Development Financial Institutions (CDFIs) through its data collection system, known as the Community Investment Impact System (CIIS) , representing 14 years of data. The data collected covers fiscal years (FYs) 2003 through 2016. The release contains Institution…
EDA: $1.9 Million Invested to Support Manufacturing in Macon, GA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.9 million grant to Macon-Bibb County and Macon-Bibb County Industrial Authority of Macon, Georgia, to make infrastructure improvements that will support manufacturing companies in the region. According to grantee estimates, the project is expected to create 211…
CDFI Fund: FY 2019 CDFI Bond Guarantee Program Application Period Now Open
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2019 application period for the CDFI Bond Guarantee Program. The CDFI Bond Guarantee Program responds to the critical market demand for long-term, low-cost capital that can be used to spur economic growth in low-income communities. Through…
CDFI Fund: Application Demand for FY 2018 Round of BEA Program Released
NEARLY $941 MILLION IN INCREASED INVESTMENTS, LENDING AND SERVICES IN HIGHLY DISTRESSED COMMUNITIES AND TO CDFIS 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) 2018 round of its Bank Enterprise Award Program (BEA Program). A total of 124 applications were…
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…