HUD: $10 Million in “Sweat Equity” Grants Announced
SHOP grant funding calls for the use of elbow grease to help 535 families become homeowners The U.S. Department of Housing and Urban Development (HUD) today awarded $10 million in “sweat equity” grants to four non-profit self-help housing organizations which will create at least 535 affordable homes for hard-working, low-income families and individuals. Funded through HUD’s…
CDFI Fund: CY 2018 Round of New Markets Tax Credit Program Now Open
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the Notice of Allocation Availability (NOAA) for the calendar year (CY) 2018 round of the New Markets Tax Credit Program (NMTC Program). The NOAA makes up to $3.5 billion in tax credit allocation authority available for the CY 2018 round….
CDFI Fund: Save the Date for Upcoming FY 2018 Capital Magnet Fund Information Sessions
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) is tentatively planning to publish the Notice of Funds Availability (NOFA) and application for the FY 2018 Capital Magnet Fund round in the Summer of 2018. Approximately $140 million is expected to be available for awards through the FY 2018 round. The…
CDFI Fund: Public Comments Requested on CDFI Program and NACA Program Annual Compliance Reports
The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104–13 (44 U.S.C. 3506(c)(2)(A)). Currently, the Community…
SBA: Los Angeles Investment Firm Named Small Business Investment Company of the Year
Avante Mezzanine Partners, a woman-owned fund of Los Angeles, Calif. has been named the 2018 Small Business Investment Company (SBIC) of the Year by the U.S. Small Business Administration. Avante, along with other national winners and finalists for the National Small Business Person of the Year, have been invited to a recognition ceremony as part…
CDFI Fund: First-Time CDFI Fund Grant Applicants Should Register with SAM.gov ASAP
Process for registering new entities may increase application time Are you interested in applying for an upcoming Community Development Financial Institutions Fund (CDFI Fund) program round, but you haven’t registered in the General Services Administration (GSA) System for Award Management (SAM) yet? Please pay close attention to the following information: Due to recent third-party fraudulent…
FHFA: Progress Update on Fannie Mae and Freddie Mac Credit Risk Transfer Programs
The Federal Housing Finance Agency (FHFA) today issued a Credit Risk Transfer Progress Report describing the status and volume of credit risk transfer (CRT) transactions through the fourth quarter of 2017. The Report provides a comprehensive picture of how Fannie Mae and Freddie Mac (the Enterprises) transfer a substantial portion of credit risk to the…