Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
CDFI to provide up to 135 mil in 2011 round
WASHINGTON (10/6/10)--The U.S. Treasury Department Tuesday announced the availability of $135 million in funds through its Community Development Financial Institutions (CDFI) Fund. A total of $25 million of the CDFI Fund awards will be distributed under the Obama administration’s new Healthy Food Financing Initiative (HFFI), according to the release. CDFI Fund Director Donna J. Gambrell in a release said that the CDFI program “continues to be a critical tool for building the capacity of community-based financial institutions serving low-income communities, and the need for their services has never been greater." The CDFI Fund will hold an informational teleconference for interested credit unions. That call is scheduled to take place at 3 p.m. ET on Oct. 18. Applications for the CDFI funds must be received by Nov. 19. Twenty-one credit unions were awarded a combined $12 million in funds during the 2010 round of the CDFI Fund, with nearly one-third of those credit unions receiving $750,000 in funding, the highest amount awarded to any financial institution during that round. The 2010 round of grants totaled $104.9 million in funding for 180 CDFI Fund-eligible institutions, representing the largest combined amount to be awarded since the CDFI Fund program began in 1994. For the CDFI Fund release, use the resource link.
Other Resources

RSS





print
News Now LiveWire
Final field-of-membership rule tops April 30 NCUA agenda http://t.co/gFIhRhUCts
1 day ago
.@CUNA's @Nussle speaks to @VonnieQuinn about #StoptheDataBreaches and reg. relief. http://t.co/TMTubG9Afk
1 day ago
RT @NCUFoundation: .The Foundation's @hylandhighway with @NatlJumpStart President/CEO Laura Levine at #FLHillDay2015 today: http://t.co/ep5…
1 day ago
Seriously underwater homes rise, new-home sales tumble News Now: http://t.co/2LzWTkqnES
1 day ago
#NewsNow Cornerstone Foundation awards $71K in grants http://t.co/Y6D8K9rwWv
1 day ago