CDFI Fund: Application Demand Released for FY Round of Capital Magnet Fund

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the application data for the fiscal year (FY) 2023 round of its Capital Magnet Fund (CMF) program. A total of 144 organizations submitted applications requesting more than $1.1 billion in funding. The applicants propose to […]

HUD: More Than $22 Million Awarded to Expand Access to Affordable Housing & Homeownership

$12.5 million in Self-Help Homeownership Opportunity (SHOP) Grants; $10 million Rural Capacity Building Grants The U.S. Department of Housing and Urban Development (HUD) today awarded $12 million in grants to support non-profit, self-help housing organizations that enable homeownership opportunities for hard-working, low-income families and individuals. Funded through HUD’s Self-Help Homeownership Opportunity […]

EDA: Notice of Funding Opportunity Announced for Regions Impacte by Natural Disasters

The U.S. Department of Commerce, through the Economic Development Administration (EDA), today announced newly available support to those communities impacted by natural disasters in 2021 and 2022.   Today, the FY23 EDA Disaster Supplemental Notice of Funding Opportunity was published at and on Applicants can apply here. The awards that will be made under […]

Federal Reserve: Four New Members of Community Advisory Council Announced

The Federal Reserve Board on Friday announced four new members of its Community Advisory Council (CAC). The CAC is composed of a diverse group of experts and representatives of consumer, workforce, and community development organizations and interests. CAC members provide information, advice, and recommendations to the Board on relevant policy […]

HUD: Over $38 Million Awarded to Protect Families from Home Health and Safety Hazards

Funding to make low-income families’ homes safer and healthier and create job opportunities for health housing practitioners Today, the U.S. Department of Housing and Urban Development (HUD) awarded over $38 million to city, county, and Native American tribal governments, and non-profit organizations in 17 states to protect children and families […]

HUD: First-Ever HUD-Held Single Family Note Sale Announced Exclusively for Mission-Driven Nonprofits and State or Local Governments

June 8 competitive bid sale of approximately 1,450 vacant property notes furthers Biden-Harris Administration objectives to return more properties to future owner-occupancy. The U.S. Department of Housing and Urban Development’s Office of Asset Sales announced on Tuesday that it will conduct a competitive bid HUD-held vacant note sale (HVLS 2022-2) […]

OCC: New Publication Focuses on Bank Partnerships in Community Reinvestment and Resilience

The Office of the Comptroller of the Currency (OCC) today published the latest edition of its Community Developments Investments newsletter, “Partners in Recovery: Community Reinvestment and Resilience.” This edition of Community Developments Investments highlights how banks can collaborate with community development financial institutions, minority depository institutions, and other community-based groups to help rebuild communities […]

HUD: $5 Million Loan Guarantee Announced for St. Johns County for Construction of Multipurpose Community Center

Loan guarantee will provide financing for the construction and planning costs, site development, and construction of a multipurpose community center and library facility. The U.S. Department of Housing and Urban Development (HUD) today announced a $5,075,000 loan guarantee to St. Johns County, Florida to help finance the construction of the […]

CFPB: Agency to Examine Colleges’ In-House Lending Practices

CFPB Publishes Oversight Protocols for Institutional Student Lending Today, the Consumer Financial Protection Bureau (CFPB) announced it will begin examining the operations of post-secondary schools, such as for-profit colleges, that extend private loans directly to students. The CFPB is issuing an update to its exam procedures including a new section […]