Investment

OCC: Agency Seeks Comments on Modernizing Community Reinvestment Act Regulations

The Office of the Comptroller of the Currency today released an Advance Notice of Proposed Rulemaking (ANPR) seeking comment on the best ways to modernize the regulatory framework implementing the Community Reinvestment Act (CRA). “As a long-time banker, I have seen firsthand the benefit of CRA investment and how it makes communities vibrant. I applaud…

OCC: Advance Notice of Proposed Rulemaking Regarding Community Reinvestment Act

OCC BULLETIN 2018-24 Description: Advance Notice of Proposed Rulemaking Summary The Office of the Comptroller of the Currency (OCC) has published an advance notice of proposed rulemaking (ANPR) on its website inviting public comment on ways to transform or modernize the regulations that implement the Community Reinvestment Act (CRA). The ANPR solicits ideas on how to…

CDFI Fund: Upcoming Deadlines and Updates for FY 2018 Capital Magnet Fund Round Applicants

As a reminder for prospective fiscal year (FY) 2018 Capital Magnet Fund Applicants, the deadline for online CMF Application submission through the Awards Management Information System (AMIS) is September 17, 2018 at 5:00 p.m. Eastern Time (ET).  To ensure a successful Application submission, the Community Development Financial Institutions Fund (CDFI Fund) encourages all FY 2018…

HUD: $5 Million Awarded to 22 Public Housing Agencies for Emergency and Security Improvements

In an effort to keep public housing residents safe and secure, the U.S. Department of Housing and Urban Development (HUD) is awarding $5 million in grants to 22 public housing authorities. HUD’s Capital Fund Emergency Safety and Security Program supports public housing authorities as they address the safety of public housing residents. These grants may be used…

CDFI Fund: Important Reminders for Capital Magnet Fund Applicants

As a reminder for prospective fiscal year (FY) 2018 Capital Magnet Fund applicants, the deadline for online submission of the SF-424 through Grants.gov for the FY 2018 Capital Magnet Fund round is August 20, 2018, at 11:59 p.m. Eastern Time (ET). The deadline for creating an organizational account in the CDFI Fund’s Awards Management Information…

CDFI Fund: Application Demand for 2018 Round of NMTC Program Released

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that it received a total of 214 applications under the 2018 round of the New Markets Tax Credit Program (NMTC Program). The NMTC Program advances economic development in economically distressed communities by making tax credit allocations available to Community Development…

EDA: $703,000 Investment Made for Critical Infrastructure Improvements to Support Business Growth in Watertown, NY

The U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $703,000 grant to the Jefferson County Industrial Development Agency of Watertown, New York, to make water and fiber-optic cable infrastructure improvements needed to attract business development at the new complex located at the Watertown International Airport. According to grantee estimates, the project is…

EDA: $615,000 Investment Made for Critical Infrastructure Improvements to Support Business Growth in Brunswick, ME

The U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $615,000 grant to the Midcoast Regional Redevelopment Authority of Brunswick, Maine, to repair and upgrade sanitary sewer pumps needed to support industrial and commercial business development in the community. “We commend the Midcoast Regional Redevelopment Authority for working to generate economic opportunities by…