CDFI Fund: CDFI Cure Period Supplemental Guidance Information Now Available
The Community Development Financial Institutions Fund (CDFI Fund) recently announced that on October 1, 2022 it is implementing a blackout period for six months to prepare for the launch of the revised CDFI Certification Application and reporting requirements. During this time, Community Development Financials Institutions (CDFIs) are required to maintain a state of good standing with respect…
EDA: Over $47 Million in American Rescue Plan Funds Invested Last Week
The following grants were made under the American Rescue Plan Funds program: September 6, 2022 – U.S. Department of Commerce Invests $4.7 Million in American Rescue Plan Funds to Support Small Businesses on Fort Apache Indian Reservation September 6, 2022 – U.S. Department of Commerce Invests $3.5 Million in American Rescue Plan Funds for Water Utility Improvements…
EDA: $3.2 Million Invested for Trail Upgrades to Boost Tourism and Create Jobs in Columbia, SC
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3.2 million grant to the Irmo Chapin Recreation Commission, Columbia, South Carolina, for completion of the Lower Saluda Greenway, a recreational trail. This project will provide for construction of two miles of trail and related infrastructure, boosting…
HUD: $40 Million Funding Opportunity to Protect Families from Home Health and Safety Hazards Announced
Funding will assist efforts to address high-priority environmental health and safety hazards The U.S. Department of Housing and Urban Development (HUD) today announced the availability of $40 million through the Healthy Homes Production Grant Program to help transform communities by fixing older housing, preserving affordable housing, and improving communities and the health of children and…
HUD: $5.5 Million Funding Opportunity Announced for HBCUs to Conduct Housing and Community Development Research
The U.S. Department of Housing and Urban Development (HUD) announced that it will make available $5.5 million for Historically Black Colleges and Universities (HBCUs) to establish or bolster existing Centers of Excellence (COE) that conduct housing and community development research. “Historically Black Colleges and Universities are economic anchors for their communities,” said Secretary Marcia L. Fudge….
OCC: Strategic Plan for Fiscal Years 2023-2027 Released
The Office of the Comptroller of the Currency (OCC) today released its strategic plan for fiscal years (FY) 2023-2027. The strategic plan outlines the agency’s approach to achieve three strategic goals and fulfill its mission to ensure that national banks and federal savings associations operate in a safe and sound manner, provide fair access to…
ABA: Foundation Infographic Released with Tips for Avoiding Scholarship and Student Loan Scams
New Infographic from ABA Reveals Tips for Avoiding Student Loan and Scholarship Scams As part of its annual Get Smart About Credit campaign, the American Bankers Association Foundation released a new infographic today providing consumers with information on common scholarship and student loan scams and tips on how to avoid falling victim. The infographic is the first…
FEMA: President Biden Approves Major Disaster Declaration for Salt River Pima-Maricopa Indian Community
FEMA announced that federal disaster assistance has been made available to the Salt River Pima-Maricopa Indian Community to supplement tribal recovery efforts in the areas affected by severe storms from July 17-18, 2022. The President’s action makes federal funding available to affected individuals in the Salt River Pima-Maricopa Indian Community. Assistance can include grants for…