CDFI Fund: FY 2016 Funding Round For Capital Magnet Fund Opened
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened today the fiscal year (FY) 2016 funding round for the Capital Magnet Fund. Through the Capital Magnet Fund, the CDFI Fund provides competitively awarded grants to CDFIs and qualified non-profit housing organizations. These awards can be used to finance affordable housing…
CDFI Fund: 2016 CDFI Bond Guarantee Program Application Workshops And Deadlines
To prepare potential applicants for the fiscal year (FY) 2016 round of the CDFI Bond Guarantee Program, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has announced that it will conduct three (3) workshops for potential applicants. As the workshops will discuss the alternative financing structure for the program, the…
OCC: Supporting Earned Income Tax Credit Day 2016
WASHINGTON — Comptroller of the Currency Thomas J. Curry today issued the following statement recognizing Earned Income Tax Credit (EITC) Awareness Day. The Office of the Comptroller of the Currency is pleased to support Earned Income Tax Credit Awareness Day, a nationwide effort to educate the public about a valuable tax benefit for working families…
CDFI Fund: Upcoming FY 2016 CDFI Program Application Release And Workshops Scheduled
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) is tentatively planning to release the Notice of Funds Availability (NOFA) and applications for the FY 2016 Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) in mid- to late February 2016. These programs provide awards…
CDFI Fund: Application Demand for 2015 Round of NMTC Program Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that it received a total of 238 applications under the 2015 round of the New Markets Tax Credit Program (NMTC Program). The NMTC Program encourages economic development in low-income and distressed communities by making tax credits available to Community Development…
CDFI Fund: Treasury, NCUA Partner To Increase Opportunities For Low-Income Credit Unions
Alexandria, VA – The National Credit Union Administration and the U.S. Treasury Department’s Community Development Financial Institutions Fund today signed an agreement that will streamline the application process for low-income credit unions to become certified as Community Development Financial Institutions. Credit unions that obtain CDFI certification can access training and competitive award programs provided by the…
CFPB: Guide To Help Consumers Navigate Pension Payouts Released
Guide Highlights Trade-Offs Between Lump-Sum and Lifetime Monthly Payout Options WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) is releasing a guide to help consumers navigate their pension payout options and make the right decision about their retirement income. The guide gives near-retirees the information they need to understand the trade-offs of taking their…
Interagency Guidance: Banking Regulatory Agencies & CDFI Fund Sponsor NICRC 2015
The federal bank regulatory agencies, the Federal Reserve Bank of San Francisco, and the Community Development Financial Institutions Fund will host the 2016 National Interagency Community Reinvestment Conference in Los Angeles from February 8 to 10. This biennial conference offers participants from around the country the opportunity to learn about the Community Reinvestment Act (CRA) and…
CDFI Fund: Bond Guarantee Program Application Period for FY 2016 Opened
Up to $750 Million in Bond Guarantee Authority Available The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2016 application period for the CDFI Bond Guarantee Program. Application materials are available on the CDFI Fund’s website in anticipation of the publication of the Notice of Guarantee…
ABA: Registration Opens for ABA Foundation’s 2016 Financial Education Initiatives
ABA Foundation calls for banker volunteers to increase financial capability in local schools WASHINGTON — The American Bankers Association Foundation is calling for banker volunteers to register for its annual Teach Children to Save campaign and other 2016 financial education initiatives. Now in its 20th year, the Teach Children to Save program is a national campaign that encourages banker…