Finance    Stories 1 to 25 of 113  (click headline for the complete story)

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1:   (GRANTS) Economic Development, Affordable Housing Projects Take Shares of FHLB Awards : The Federal Home Loan Bank of San Francisco awards $1 million in grants to back community development and affordable housing efforts throughout three western states. The Access to Housing & Economic Assistance for Development (AHEAD) grants go t... 09/07/2010 7:24 PM

2:   (BANKS) Nation`s Largest CDFI Fails, Successor to Continue Investment in Low-Income Areas : After battling financial difficulties – and an attempt at a private bailout this spring – the bank that also served as the nation's largest Community Development Financial Institution (CDFI) is being taken over by the Federal Deposit Insurance Corp. ... 09/01/2010 10:11 AM

3:   (STATES) OH Opens Application Period for Own New Markets Tax Credit : The first application period is open for $10 million in tax credits through Ohio's New Markets Tax Credit (NMTC) program, state officials setting a Sept. 20 deadline. The state's NMTC program will provide a 39% tax credit over seven years for qualif... 08/24/2010 10:21 AM

4:   (BUDGET) Senate Appropriators Seek CDFI Fund Increase, Return Funding to BEA Program : Senate appropriators are trying to increase the Community Development Financial Institution (CDFI) Fund by $55 million above current levels, despite early budget work in the House that would provide only a tiny increase. The Fund is used by Treasury... 08/17/2010 1:45 PM

5:   (STATES) Illinois Housing Tax Credit Extended : Bills designed to boost affordable housing in Illinois, protect homeowners from foreclosure, and ease property taxes for veterans are approved in the Legislature and signed by Gov. Pat Quinn (D). HB 6038 extends the Illinois Affordable Housing Tax C... 08/06/2010 11:30 AM

6:   (DEVELOPMENT) Atlanta Federal Home Loan Bank Makes First Pact with CDFI-backed Group : A financing affiliate for a North Carolina-based nonprofit community development group is the first organization affiliated with a Community Development Financial Institution (CDFI) to join a Federal Home Loan Bank. The Self-Help Ventures Fund, an a... 08/05/2010 4:51 PM

7:   (GRANT) Foundation Sets Deadline for Affordable Housing Grant Funds : The TD Charitable Foundation sets a Sept. 3 deadline to apply for portions of $1.7 million in grants in its annual Housing for Everyone grant competition. The foundation, an arm of TD Bank, makes the awards to help provide funding for capital improv... 07/14/2010 12:03 PM

8:   (GRANT) USGBC, BofA Foundation Launch LEED-ND Certification Grant Program : Developers and public agencies looking to certify to a national industry standard for green neighborhood development can receive grants of up to $20,000 made available by the U.S. Green Building Council (USGBC) and the Bank of America Charitable Foun... 07/08/2010 10:46 AM

9:   (TREASURY) Wall Street Reform, Small Business Bills Will Aid Small Banks, Says Geithner : Wall Street reform and small business legislation in Congress will help to prevent future trouble for banks engaging in commercial real estate, says Treasury Secy. Tim Geithner. Geithner makes his opinion known June 22 to a Congressional Oversight P... 06/22/2010 2:12 PM

10:   (HOUSING) New LIHTC Partnership Fund Forms to Aid Affordable Housing : A new low-income housing tax credit partnership fund is formed to make federal tax credits available to owners of affordable rental properties for construction and rehabilitation. The new Illinois Community Fund Limited Partnership (ICF) is formed t... 06/04/2010 4:38 PM

11:   (GRANTS) Treasury Accepting Financial Education Applications from Hawaii Firms : Housing counseling agencies and other qualified groups in Hawaii have until July 8 to apply for portions of Treasury Department pilot demonstration grant money to help grantees provide financial education to prospective homebuyers. HUD and Treasury ... 06/02/2010 10:07 PM

12:   (BONDS) CDCs, PHAs Urged to Form Partnerships, Complete Deals Ahead of Build America Bonds Sunset : Community development corporations (CDCs) are being urged to quickly find partners for development efforts, as they wait to see whether Congress will extend funding deadlines for important programs in the fiscal year 2011 budget. Reginal Barner, pre... 05/26/2010 11:35 AM

13:   (HERA) Warren, OH Affordable Housing Project First to Use Treasury HFA Funds : The Hampshire House Apartments, a 150-unit rental development in Warren, OH, receives the nation's first 2009 stimulus funding from the Treasury Dept.'s 2008 Housing Finance Agency (HFA) Initiative. The 1970s-era development receives $12 million in ... 05/19/2010 9:26 PM

14:   (NE) Voters Expand Nonprofits Eligibility for Tax-Exempt Revenue Bond Money : Nebraska voters May 11 narrowly approve a constitutional amendment allowing local governments to expand the field of nonprofits to use tax-exempt revenue bond money construction and equipment needs. State voters casting ballots during the primary ba... 05/12/2010 1:04 PM

15:   (AUDIOCONFERENCE) Analysts Offer Tips for Federal Grant Seekers : "What we've got is a spring fling of funding competitions being opened in the last two months," says CD Publication's Frank Klimko in opening today's (April 22) 90-minute audioconference, "Keys to Success in Winning Federal Grants in 2010." "We're i... 04/22/2010 4:44 PM

16:   (TREASURY) Deadline Set for New Markets Tax Credit Applications : The Treasury Department sets a June 2 deadline by which community development entities must file applications for the 2010 calendar year round in the New Markets Tax Credit (NMTC) Program. Treasury's Notice of Allocation Availability issued April 8 ... 04/14/2010 4:23 PM

17:   (STATES) Florida Moving to Standardize Tax Credit Law with New Markets Tax Credit : Bills to bring Florida's New Market Development Credit (NMDC) program in line with the federal version of the tax credit to aid development in low-income communities are moving through the state Legislature. Both bills, H 1229 and S 2426, are in com... 04/06/2010 4:24 PM

18:   (HUD) FHA Moves to Boost Lenders' Net Worth Requirement, Reduce Insurance Fund Risk : The Federal Housing Administration (FHA) issues new rules to reduce insurance fund risk, by increasing threefold the net worth requirements of FHA-backed lenders and strengthening lender approval criteria. FHA officials say the new regulations align... 04/05/2010 7:30 PM

19:   (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... 03/09/2010 3:22 PM

20:   (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... 03/09/2010 3:08 PM

21:   (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... 03/05/2010 09:52 AM

22:   (TREASURY) Official Says Obama Administration Placing Emphasis on CDFI, NMTC : A leading Treasury official says the large increases proposed for the Community Development Financial Institutions (CDFI) Program and New Markets Tax Credit (NMTC) allocation authority in the fiscal year 2011 budget plan represent added importance be... 03/04/2010 10:06 AM

23:   (CDFI) Treasury, White House Discussing Broader CDFI Access to TARP : Treasury Dept. officials are discussing with the Obama administration the possibility of allowing more Community Development Financial Institutions (CDFI) to have access to Troubled Asset Relief Program (TARP) funds. Gene Sperling, counselor to Trea... 03/04/2010 10:04 AM

24:   (LOANS) FHFA Proposes Letting CFI Use More Secured Loans for Community Development : Federal housing agencies seek comment on a plan to expand the types of collateral community financial institution (CFI) members can use to secure loans for community development activities and to allow banks to make long-term secured loans to CFI mem... 02/23/2010 3:51 PM

25:   (TAX CREDITS) Treasury Moves to Expand Use of New Markets Tax Credits : The New Markets Tax Credit (NMTC) program is being extended and expanded to help investment in distressed communities. The NMTC program provides credits to taxpayers making qualified equity investments in Community Development Entities (CDEs), usual... 02/19/2010 5:19 PM

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