Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
CDFI notes funds availability
WASHINGTON (2/1/09)—The U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI) Friday issued a notice of funds availability (NOFA) for its Bank Enterprise Award (BEA) program. Although eligible applicants must be federally insured banks and thrifts, those awarded BEA funds are encouraged to increase their financial assistance to Community Development Financial Institutions (CDFI), including credit unions. The Treasury noticed, published in the Jan. 30 Federal Register, noted that the NOFA does not obligate the CDFI to make any award or to obligate any available funds. However, the notice also projected that the Fund may award approximately $20 million for FY 2009 BEA Program awards, and reserved the right award in excess of that amount, if funds are available.
Other Resources

RSS





print
News Now LiveWire
Just announced: @TheNCUA board will consider a revised risk-based capital rule at its Jan 15 mtg. See #NewsNow Monday for more info.
47 minutes ago
Nearing one-yr anniversary of data breach, @Target asks for class action suits to be dismissed via @BloombergNews http://t.co/kra6kupd35
2 hours ago
.@PeoplesTrustFCU has been recognized with the Juntos Avanzamos designation by @Cornerstone_CUL for its service to the Hispanic community
2 hours ago
#NewsNow: Rep. Hensarling names #HFSC subcommittee chairs. http://t.co/dXAMZdpn1p
3 hours ago
#NewsNow: Expanded foreclosure protections being considered by @CFPB. http://t.co/SkV6eIc62j
4 hours ago