HUD: Disaster Recovery Process Streamlined with Universal Notice
Action will ensure efficient and effective delivery of critical funding for communities impacted by natural disasters U.S. Housing and Urban Development (HUD) Secretary Scott Turner announced HUD is streamlining and simplifying its disaster recovery processes to deliver disaster assistance more quickly to Americans recovering from catastrophic events. HUD published an updated Community Development Block Grant…
CDFI Fund: Reminders for March Annual Compliance, Certification and Reporting Obligations
Are you the Authorized Representative of either a Certified Community Development Financial Institution (CDFI) or an organization that has received a Community Development Financial Institutions Fund (CDFI Fund) Award, Assistance and/or Allocation? If so, to ensure compliance with your Award, Assistance and/or Allocation Agreement(s), you must complete and submit the annual report(s) specified in these…
CDFI Fund: Application Demand for CY 2024-2025 Round of New Markets Tax Credit Program Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that it received 216 applications for the calendar year (CY) 2024-2025 round of the New Markets Tax Credit Program (NMTC Program). The NMTC Program advances economic development in economically distressed communities by making tax credit allocations available to Community Development…
CDFI Fund: FY 2025 CDFI Program or NACA Program Applications Due by March 21, 2025
As a reminder for fiscal year (FY) 2025 Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) Applicants, the deadline for online submission of CDFI Program and NACA Program Application materials, including Persistent Poverty County-Financial Assistance (PPC-FA), Healthy Food Financing Initiative-Financial Assistance (HFFI-FA), and Disability Funds-Financial Assistance (DF-FA), through…
FDIC: Guidance Issued to Help Financial Institutions and Facilitate Recovery in Areas of West Virginia Affected by Severe Storms, Straight-line Winds, Flooding, Landslides, and Mudslides
The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of West Virginia affected by severe storms, straight-line winds, flooding, landslides, and mudslides. Please review the FDIC’s Disaster Page to review information about what to do if your bank is affected. Statement of Applicability: The contents of,…
HUD: $2.5 Million in Disaster Funding Announced to Support Americans Impacted by Recent Hurricanes and Severe Storms
Rapid Unsheltered Survivor Housing (RUSH) Grants will be awarded to North Carolina, South Carolina, Texas, and the City of Houston Under the leadership of Secretary Scott Turner, the U.S. Department of Housing and Urban Development (HUD) awarded nearly $2.5 million in Rapid Unsheltered Survivor Housing (RUSH) funding across four jurisdictions to assist Americans impacted by…
FDIC: Guidance Issued to Help Financial Institutions and Facilitate Recovery in Areas of Kentucky Affected by Severe Storms, Straight-line Winds, Flooding, Landslides, and Mudslides
Summary: The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Kentucky affected by severe storms, straight-line winds, flooding, landslides, and mudslides. Please review the FDIC’s Disaster Page to review information about what to do if your bank is affected. Statement of Applicability: The contents of,…
SBA: Administrator Loeffler Issues Memo on Day One Priorities
Outlines how SBA will become an America First engine for free enterprise Following her confirmation and swearing-in as the 28th Administrator of the U.S. Small Business Administration, Kelly Loeffler issued a Day One memo outlining her top priorities for the agency. “Small businesses are the backbone of our nation, driving innovation, job creation, and prosperity – and there’s…
HUD: $4 Million in DEI Contracts Canceled
Today, HUD Secretary Scott Turner cancelled $4 million in contracts promoting “diversity, equity, and inclusion” (DEI). This savings for the American taxpayer was found by the HUD DOGE Task Force and is part of the department’s larger $260 million review of all contract expenditures. The terminated contracts were intended for “DEI culture transformation,” including outward mindset…
CDFI Fund: FY 2025 Housing Production-Financial Assistance (HP-FA) Application Now Available
As part of the fiscal year (FY) 2025 Application round for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) that opened on January 16, 2025, the Community Development Financial Institutions Fund (CDFI Fund) is inviting Applicants to compete for approximately $100 million in Housing Production-Financial Assistance (HP-FA) Awards. …