CDFI Fund: Public Meeting of Advisory Board Scheduled for September 23rd in Washington, DC
Meeting Marks 25th Anniversary of the CDFI Fund The Community Development Financial Institutions Fund (CDFI Fund) is convening a meeting of the Community Development Advisory Board (the Advisory Board) from 9:00 a.m. to 3:00 p.m. Eastern Standard Time on Monday, September 23, 2019. The Advisory Board meeting will be held in Cash Room at the U.S. Department…
OCC: Comptroller Visits New Mexico Pueblos to Discuss CRA and Bank Services
Comptroller of the Currency Joseph Otting today visited Native American pueblos in New Mexico as part of a nationwide effort to discuss modernizing Community Reinvestment Act (CRA) regulations and opportunities to bring more investment, lending, and services to underserved areas. While in northern New Mexico, the Comptroller and senior staff from the Office of the…
SBA: Grants Awarded to 24 Organizations to Support Small Business Innovation and R&D Commercialization
The U.S. Small Business Administration granted 24 awards up to $125,000 per recipient in FY 2019 under its Federal and State Technology (FAST) Partnership Program. FAST’s objective is to improve outcomes for underrepresented entrepreneurs in SBA’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs and increase participation for women-owned, rural-based, and…
EDA: $1.25 Million Invested to Expand Missouri State University Business Incubator
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.25 million grant to Missouri State University, Springfield, Missouri, to expand its business incubator located in the Robert W. Plaster Free Enterprise Center. The project, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, will be…
EDA: $1.46 Million Invested to Establish Advance Carbon Products Innovation Center in Campbell County, WY
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.46 million grant to the Campbell County Economic Development Corporation of Gillette, Wyoming, to help build an Advanced Carbon Products Innovation Center that will spur new business growth in the Powder River Basin region. This EDA grant…
ABA: Foundation Invites Bank Volunteers for 2019 ‘Get Smart About Credit’ Day
Bankers visit classrooms across country on Oct. 18 to teach credit education The American Bankers Association Foundation is calling for banker volunteers for its 17th annual Get Smart About Credit campaign, an initiative designed to teach teens how to use credit effectively. Bankers will celebrate Get Smart About Credit Day on Oct. 17 and throughout…
HUD: $5.2 Million Awarded to 23 Public Housing Agencies for Emergency Safety and Security Improvements
The U.S. Department of Housing and Urban Development (HUD) today announced it is awarding $5.2 million to 23 Public Housing Authorities (PHAs) in 15 states to make needed improvements to their safety and security systems. HUD’s Capital Fund Emergency Safety and Security Program supports public housing authorities as they address the safety of public housing residents. These…
CDFI Fund: Application Demand for FY 2019 Round of BEA Program Released
Over $428 Million in Increased Investments, Lending and Services in Highly Distressed Communities and to CDFIs The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today the application data for the fiscal year (FY) 2019 round of its Bank Enterprise Award Program (BEA Program). A total of 117 applications were…
HUD: Agency Takes Major Step to Improve Health and Safety Inspections
HUD set to test overhaul of 20-year-old inspection protocols Today the U.S. Department of Housing and Urban Development (HUD) announced another step to overhaul the Department’s 20-year-old inspection process to ensure taxpayer-supported housing is healthy and safe. HUD is launching a new demonstration to test innovative new approaches for making certain thousands of public housing…
OCC: Comptroller Visits New York Neighborhoods Supported by the CRA, Discusses Opportunities to Do More
Comptroller of the Currency Joseph Otting today participated in a tour of New York neighborhoods to see firsthand the success of Community Reinvestment Act (CRA) activity and discuss how CRA regulations can promote more lending, investment, and services, where they are needed most. “Here in New York, we saw great examples of community and bank…