CDFI Fund: Application Period for FY 2018 CDFI Bond Guarantee Program Re-Opened
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today re-opened the fiscal year (FY) 2018 application period for the CDFI Bond Guarantee Program. Recognizing the Consolidated Appropriations Act, 2018, has extended the CDFI Bond Guarantee Program statutory authority until December 31, 2018, the CDFI Fund has decided to amend the…
CDFI Fund: Public Comment Request for CDFI Program and NACA Program Disability Funds Financial Assistance Application
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…
CDFI Fund: Application Demand Released for FY 2018 CDFI Program and NACA Program
The fiscal year (FY) 2018 application round for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) closed on April 4, 2018. The Community Development Financial Institutions Fund (CDFI Fund) received 538 applications from 485 organizations across the country requesting a total of $504.5 million. Specifically1: 432 organizations…
FHFA: 2017 Report to Congress Released
The Federal Housing Finance Agency (FHFA) today released its 2017 Report to Congress. The statutorily-required report provides information about FHFA’s 2017 examinations of Fannie Mae, Freddie Mac (the Enterprises), 11 Federal Home Loan Banks (FHLBanks) and the FHLBanks’ Office of Finance. The report also describes FHFA’s actions as conservator of the Enterprises during the year…
HUD: $2.6 Billion Awarded to Improve and Preserve the Nation’s Public Housing
Housing authorities will use funding to modernize housing for families, seniors To help public housing authorities make needed capital improvements to their properties, the U.S. Department of Housing and Urban Development today allocated more $2.6 billion in annual funding to housing authorities in all 50 states, as well as the District of Columbia, Guam, Puerto…
HUD: $5 Million Awarded for Community Development in Four Rural Communities
The U.S. Department of Housing and Urban Development awarded $5,000,000 to four organizations in California, Minnesota, and Washington, D.C. to continue its community and organizational development strategies to improve the lives of low-income persons. The funding is provided through HUD’s Rural Capacity Building for Community Development and Affordable Housing Program. “HUD is committed to delivering…
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….