Economic Development

OCC: Comptroller Discusses Efforts to Promote Community Revitalization

NEW YORK—Comptroller of the Currency Thomas J. Curry today discussed efforts to promote community revitalization through responsibly innovative funding and other assistance to support rehabilitation of homes in distressed communities. The remarks came during his appearance at the Community Development Corporation of Long Island’s Annual Lenders Forum. Related Links Remarks (PDF) Comptroller of the Currency Thomas…

CDFI Fund: “Access to Capital and Credit in Native Communities” Report Released

NEW REPORT FOCUSES ON CHANGES OVER THE LAST 15 YEARS AND OPPORTUNITIES MOVING FORWARD May 23, 2016 A new independent report on access to capital and credit in American Indian, Alaska Native, and Native Hawaiian communities (Native Communities) was released today by the Native Nations Institute. The Access to Capital and Credit in Native Communities…

OCC: Comptroller of the Currency Discusses Revitalizing Communities

LOS ANGELES — Comptroller of the Currency Thomas J. Curry today discussed efforts to help revitalize communities and highlighted how community members can voice their concerns. Remarks came during a speech before the 2016 National Interagency Community Reinvestment Conference. Related Links: Remarks (PDF) Comptroller of the Currency Thomas J. Curry

CDFI Fund: Electronic Applications For Capital Magnet Fund Now Available

The electronic application for the fiscal year (FY) 2016 round of the Capital Magnet Fund is now available in the Community Development Financial Institutions Fund (CDFI Fund)’s Awards Management Information System (AMIS) and in Grants.gov. All applicants must be registered in SAM.gov, Grants.gov, and AMIS to apply for funding. Organizations should confirm that their AMIS…

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: 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…

OCC: Deputy Comptroller of Community Affairs Discusses Community Development

NEW YORK — Deputy Comptroller for Community Affairs Barry Wides today discussed how the Public Welfare Investment authority and the Community Reinvestment Act foster community and economic development, during remarks before the Association for Neighborhood and Housing Development, Inc. Related Links Remarks (PDF) Deputy Comptroller for Community Affairs Barry Wides