(TREASURY) CDFI Fund Launches the Capital Magnet Fund:  Editor's Note: As a service to our readers, Fred Cooper, president of Community Development Concepts Advisory Services Inc., a consultancy serving the community development industry (www.cdcadvisoryservices.com ), offers expert analysis and insightf...  Read More  03/09/2010 3:22 PM

(TREASURY) Department Seeks Comments on CDFI Fund Rules to Further Target Awards:  Treasury Dept. officials set a May 2 deadline for stakeholders to comment on whether the Community Development Financial Institutions Fund (CDFI) should make technical corrections or seek to revise existing rules in several areas, including whether a...  Read More  03/09/2010 3:08 PM

(SENATE) Landrieu Gets GOZone Deadline Extension Through 2012:  The Senate approves a change to its jobs bill that extends by two years through the end of 2012 the Gulf Opportunity Zone (GOZone) deadlines to complete reconstruction of more than 6,000 affordable housing units following natural disasters in Gulf Co...  Read More  03/09/2010 1:15 PM

(HUD) Department Meets Sec. 3 Job, Training Opportunity Goals for 2008:  HUD easily meets its goal to provide jobs and training opportunities to low- and very-low income persons, topping by nearly one-third the federal requirement set in its Sec. 3 program. Sec. 3 of the Housing & Urban Development Act of 1968 requir...  Read More  03/09/2010 10:38 AM

(BUS, RAIL) Transit Projects in 42 States Get Stimulus Awards from FTA:  Transit projects in 42 states get $604 million nationwide from the 2009 stimulus bill formula grant awards, as the Federal Transit Administration (FTA) met its March 5 deadline to obligate all of the $7.5 billion in stimulus money it had received. T...  Read More  03/05/2010 5:21 PM

(FAIR HOUSING) Green Light Given For Tenant Ouster:  Residents of a historic hotel in downtown Cincinnati, OH used for low-income housing will have to move to make way for an exclusive period-oriented hotel. HUD rejected a complaint by tenants against the developer to halt redevelopment, contending tha...  Read More  03/05/2010 5:08 PM

(COLONIAS) New Colonia Eligible For Federal Subsidies:  Globe, AZ supervisors designate the Town of Miami as a colonia within Gila County, making it eligible for Community Development Block Grants (CDBG). The money will be used for housing, water and sewer infrastructure and blight elimination. Communiti...  Read More  03/05/2010 4:58 PM

(GRANTS) Commerce Sets June 1 Deadline for University Center Applications in 15 States:  Commerce Dept. officials have set a June 1 deadline for applications from higher education institutions and consortia in the Rockies, Great Plains, Midwest, Gulf Coast and Southwest states competing for $2.5 million in Economic Development Administra...  Read More  03/05/2010 3:25 PM

(DATA REPORTING) HUD Hosting Free IDIS Training for Grantees through August:  HUD is in the early stages of providing dozens of free training to entitlement grantees on how to report Community Development Block Grant funding use in the Integrated Disbursement & Information System. Only one person from a grantee organizati...  Read More  03/05/2010 09:57 AM

(TREASURY) CDFI Fund Award Announcements Expected in Late June:  Those seeking fiscal year 2010 Community Development Financial Institution (CDFI) Fund awards can expect the announcements to be made in late June, with the 2011 applications expected to be available in August or September. Ruth Juare, the CDFI Fund...  Read More  03/05/2010 09:52 AM