CDFI Fund: CY 2017 Round of New Markets Tax Credit Program Opens
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the Notice of Allocation Availability (NOAA) for the calendar year (CY) 2017 round of the New Markets Tax Credit Program (NMTC Program). The NOAA makes up to $3.5 billion in tax credit allocation authority available for the CY 2017 round….
HUD: Winners of 2017 Secretary’s Awards Announced
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) and the Council on Foundations (COF) today announced the winners of the 2017 HUD Secretary’s Award for Public-Philanthropic Partnerships. The awards were presented at the Council on Foundations Annual Conference in Dallas, Texas, earlier this morning. They honor 10 innovative and impactful cross-sector initiatives…
SBA: NYC Investment Firm Names Small Business Investment Company of the Year
WASHINGTON – Deerpath Capital Management, LP of New York City, has been named the 2017 Small Business Investment Company (SBIC) of the Year by the U.S. Small Business Administration. Deerpath, along with other national winners and finalists for the National Small Business Person of the Year, have been invited to a recognition ceremony as part…
FDIC: New Resource Announced to Help Community Bankers Understand FHLB Products and Programs
The Federal Deposit Insurance Corporation (FDIC) published a new guide to help community bankers learn more about the programs and products offered by the Federal Home Loan Banks (FHLBs) to facilitate mortgage lending. The Affordable Mortgage Lending Guide, Part III: Federal Home Loan Banks describes many of the products and services offered by FHLBs, including…
FHFA: Timing for Implementation of Release 2 of the Common Securitization Platform
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today published An Update on Implementation of the Single Security and the Common Securitization Platform. The Update includes the timeframe for Release 2 of the Common Securitization Platform (CSP), planned for the second quarter of 2019. Release 2 will allow Fannie Mae and Freddie Mac (the…
SBA: Administrator McMahon Appoints Joseph Shepard as Head of Investment and Innovation
WASHINGTON – Administrator Linda McMahon of the U.S. Small Business Administration announced today that Joseph Shepard will serve as the Associate Administrator for the Office of Investment and Innovation. “It is my pleasure to welcome Joe to the SBA,” McMahon said. “His previous public sector experience at SBA overseeing the SBIC program, as well as…
CDFI Fund: Update for FY 2016 Round BEA Program Applicants – Electronic Application Now Available
The electronic application for the fiscal year (FY) 2016 round of the Bank Enterprise Award Program (BEA Program) is now available in the Community Development Financial Institutions Fund’s (CDFI Fund) Awards Management Information System (AMIS). All applicants must be registered in SAM.gov, Grants.gov, and AMIS to apply for funding. Previous applicants should confirm that their…
CDFI Fund: FY 2017 Funding Round for CDFI Program and NACA Program Opens
Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2017 funding round for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program). The CDFI Fund plans to award $190.5 million in FY 2017 in Financial Assistance (FA) and…
CDFI Fund: FY 2016 Funding Round of BEA Program Opens
Today the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2016 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 February 24, 2017 publication of the…