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
CUNA: CUNA offices closed through Friday, News Now returns Monday http://t.co/a5xbLzQKDj
12 24 ago
Reminder: @CUNA's Madison, D.C. offices will be closed through Friday, open again on Monday. #NewsNow will publish Monday.
12 23 ago
MI dentist to match @CUDirect's $20K to @HurleyMedical as a result of #20for20 online voting http://t.co/hqmIc9LpK1 @CMNHospitals
12 23 ago
New #creditunion chartered in St. Louis - #LutheranFCU - by @TheNCUA http://t.co/faPfANGS0P. Only 3rd new FCU charter this year.
12 23 ago
Don't get hacked during the holidays-use these tips from @CUNA http://t.co/jEqxni6NhO #StoptheDataBreaches http://t.co/woIxPOIyys
12 23 ago