Treasury CDFI Fund To Award $165 Million in 2013

Published December 26, 2012, 7:01 p.m. EST

Updated August 26, 2020, 10:31 p.m. EDT

1 Min Read

WASHINGTON – Treasury’s Community Development Financial Institutions (CDFI) Fund has issued a notice of funds availability, indicating it will be extending up to $165 million to eligible financial institutions in 2013.

Processing Content

Those funds break down to $130-million in CDFI program awards, $23-million for Healthy Food Financing Initiatives, and $12-million for Native-American CDFI Assistance programs. In 2012, 22 CUs received funding through the CDFI Fund, while four CUs received NACA program grants.

MORE FROM AMERICAN BANKER

Politics and policy

House will vote Wednesday on newest version of housing bill

The newest version of the House housing bill would make a ban on institutional investors owning some homes less harsh than the Senate version by removing a seven year mandate on selling build-to-rent homes.

By Claire Williams
Reporter

3h ago
Interchange fees

NCUA moves to block Illinois swipe fee law

The National Credit Union Administration Tuesday submitted a rule to the Office of Management and Budget stating that federal law preempts state laws on interchange, blocking an Illinois statute banning the collection of swipe fees on taxes and tips.

By Maria Volkova
Reporter

4h ago
Regulation and compliance

Regulators propose CAMELS rating overhaul

The Federal Financial Institutions Examination Council — whose members include federal bank regulators — issued a proposal Tuesday to overhaul the bank supervisory ratings process, the first such revision in 30 years. The proposal would reduce the weight management grades have on supervisory ratings and would require rating downgrades to be tied to explicit financial risks.

By Ebrima Santos Sanneh
Reporter

4h ago
Corporate governance

JPMorgan shareholders reject call for more lobbying disclosures

JPMorganChase's shareholders have occasionally floated proposals to make sure the bank's lobbying dollars match its public statements. At the company's annual meeting on Monday, support for one such measure was down significantly from a similar proposal in 2023.

By Nathan Place
National Reporter

5h ago
Industry News

Amid turnaround, Flagstar rewards CEO Otting, names co-presidents

Flagstar Bank extended Joseph Otting's employment contract by one year and granted him new stock awards. Simultaneously, the bank promoted two executives to serve as co-presidents, in a move that could be a hint at CEO succession plans.

By Allissa Kline
Reporter

6h ago
M&A

How NMI and Dwolla's combo boosts a key card alternative

The two fintechs will increase distribution of a 'pay by bank' option that has picked up steam in recent years as merchants and consumers seek relief from card fees.

By John Adams
Executive Editor, Payments

7h ago