CDFI Fund: 2017 NMTC Program Electronic Application Now Available
The electronic application for the 2017 round of the New Markets Tax Credit Program (NMTC Program) is available for applicants through their Awards Management Information System (AMIS) accounts. The Community Development Financial Institutions Fund (CDFI Fund) published the Notice of Allocation Availability for the 2017 round in the Federal Register on May 4, 2017. Community…
HUD: Trump Administration Proposes 2018 HUD Budget
WASHINGTON – The Trump Administration today announced the proposed 2018 Budget for the U.S. Department of Housing and Urban Development (HUD). The Budget reflects the President’s commitment to support HUD’s critical functions that provide rental assistance to low-income and vulnerable households and to help work-eligible families achieve self-sufficiency. The President’s 2018 Budget continues to provide…
CDFI Fund: CY 2017 Round of New Markets Tax Credit Program Opens
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) 2017 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 2017 round….
HUD: Winners of 2017 Secretary’s Awards Announced
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) and the Council on Foundations (COF) today announced the winners of the 2017 HUD Secretary’s Award for Public-Philanthropic Partnerships. The awards were presented at the Council on Foundations Annual Conference in Dallas, Texas, earlier this morning. They honor 10 innovative and impactful cross-sector initiatives…
SBA: NYC Investment Firm Names Small Business Investment Company of the Year
WASHINGTON – Deerpath Capital Management, LP of New York City, has been named the 2017 Small Business Investment Company (SBIC) of the Year by the U.S. Small Business Administration. Deerpath, 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…
FDIC: New Resource Announced to Help Community Bankers Understand FHLB Products and Programs
The Federal Deposit Insurance Corporation (FDIC) published a new guide to help community bankers learn more about the programs and products offered by the Federal Home Loan Banks (FHLBs) to facilitate mortgage lending. The Affordable Mortgage Lending Guide, Part III: Federal Home Loan Banks describes many of the products and services offered by FHLBs, including…