ABA: Banks Urged to Submit Nominations for ABA Foundation’s Community Commitment Awards

Deadline for entries is July 12 ​WASHINGTON — Starting today, the American Bankers Association Foundation urges banks across the nation to submit nominations for its sixth annual Community Commitment Awards. The awards, one of the industry’s top honors for extraordinary bank commitment to communities, recognizes innovative, high-impact programs that improve the […]

HUD: Council on Foundations and HUD Announce Winners of Secretary’s Award for Public-Philanthropic Partnerships

Today, the U.S. Department of Housing and Urban Development (HUD) and the Council on Foundations announced the 2019 winners of the Secretary’s Award for Public-Philanthropic Partnerships. The awards recognize innovative partnerships between foundations and government that have been critical in transforming communities and improving the quality of life for low-and […]

SBA: Colorado Enterprise Fund Wins SBA’s 2019 Jody C. Raskind Lender Award

Colorado Enterprise Fund (CEF), a Colorado-based SBA 504 CDC Lender, Community Advantage Lender and Microloan Intermediary, has been selected as this year’s Jody C. Raskind Award recipient.  This recognition is presented annually by the U.S. Small Business Administration to a mission-focused lender that has distinguished itself in helping small businesses start, grow […]

FHFA: Index Shows Mortgage Rates Decreased in March 2019

Nationally, interest rates on conventional purchase-money mortgages decreased from February to March, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 4.36 percent for loans closed in late March, down 10 basis points from […]

EDA: Investment Made to Support Business Development at Blue Lake Rancheria in California

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing in a business incubator that will facilitate $3.15 million in private investment and create at least 34 new jobs at Blue Lake Rancheria in California. “The Trump Administration is continuing to work diligently […]

ABA: Report Shows Credit Card Market Expanded in Fourth Quarter 2018

Credit card use continued to expand in the fourth quarter of 2018, according to the American Bankers Association’s latest quarterly Credit Card Market Monitor. Compared to the previous quarter, purchase volumes increased for super-prime (+2.7 percent) and prime accounts (+1.4 percent), but declined modestly for subprime accounts (-0.9 percent). On […]

HUD: National Association of Home Builders to Co-Host HUD Innovative Housing Showcase

U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced the National Association of Home Builders (NAHB) will co-host the Department’s inaugural “Innovative Housing Showcase.” The Innovative Housing Showcase will be held on the National Mall June 1-5, 2019, to educate policy makers and the broader public […]

CDFI Fund: FY 2019 Funding Round of BEA Program Now Open

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2019 application round for the Bank Enterprise Award Program (BEA Program). Application materials are now available on the BEA Program page of the CDFI Fund’s website in anticipation of the publication of the […]