CDFI Fund: Nearly $25 Million in Bank Enterprise Awards Announced for Increased Investments in Highly Distressed Communities

Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced nearly $25 million in awards to 119 banks for increasing investments benefiting economically distressed communities across the nation. The awards were made through the fiscal year (FY) 2018 round of the Bank Enterprise Award Program […]

SBA: Upcoming Workshops on Applying for Women’s Business Center Grants

The U.S. Small Business Administration (SBA) will conduct workshops to train organizations in Idaho on best practices regarding the Women’s Business Center (WBC) grant application process. The dates and locations of the workshops will be held in mid-January with more information announced at a later date. “We know that when […]

FEMA: President Trump Approves Major Disaster Declaration for Virginia

The Federal Emergency Management Agency announced today that federal disaster assistance has been made available to the Commonwealth of Virginia to supplement Commonwealth and eligible local recovery efforts in the areas affected by tropical storm Michael from October 9 to October 16, 2018. Federal funding is available to Commonwealth, and […]

CDFI Fund: Summary Report and Public Data for NMTC Program for FY 2003-2016 Released

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today released a Summary Report and data collected on New Markets Tax Credit (NMTC) investments across the nation through fiscal year (FY) 2016. The CDFI Fund requires all Community Development Entities (CDEs) that have been awarded NMTC […]

CDFI Fund: Annual Certification Reporting Deadlines Revised

Annual Certification and Data Collection Reports now Due 90 Days after Organizational Fiscal Year-end The U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund) is revising the due dates for certified community development financial institutions (CDFIs) to submit their required Annual Certification and Data Collection Reports (ACRs). Certified CDFIs […]

HUD: Report Shows Homelessness Unchanged in U.S. in 2018 with Notable Declines among Veterans and Families with Children

Homelessness in the U.S. remained largely unchanged in 2018, according to the latest national estimate by the U.S. Department of Housing and Urban Development (HUD). HUD’s 2018 Annual Homeless Assessment Report to Congress found that 552,830 persons experienced homelessness on a single night in 2018, an increase of 0.3 percent […]

SBA: Jihoon Kim Selected to Lead the Office of Financial Program Operations

Administrator Linda McMahon of the U.S. Small Business Administration (SBA) announced the selection of Jihoon Kim as the director for the SBA’s Office of Financial Program Operations (OFPO). In this role, Kim is responsible for overseeing SBA’s national lending operations, including 504 and 7(a) loan processing centers in Sacramento, Calif., […]

HUD: New FHA Loan Limits for 2019 Announced

Loan limits to increase in more than 3,000 counties The Federal Housing Administration (FHA) today announced the agency’s new schedule of loan limits for 2019, with most areas in the country to experience an increase in loan limits in the coming year. These loan limits are effective for FHA case […]