Yesterday the CDFI Fund announced that applications are now open for the FY 2012 BEA funding round. The BEA program awards funding to Federal Deposit Insurance Corporation-insured banks and thrifts across the nation for increasing investments in CDFIs and community and economic development lending activities. Through the BEA Program, the CDFI Fund provides monetary awards […]
Recently, the CDFI Fund released the results of an in-depth analysis of the CDFI industry from 2005 – 2010. The study, prepared by the Carsey Institute, analyzed financial and loan data from a large sample of CDFIs, as well as interviews with industry professionals and stakeholders, to examine issues of capitalization, liquidity, and portfolio and […]
The USDA recently announced the availability of funding for its Rural Business Opportunity Grants (RBOG). The purpose of the RBOG program is to promote sustainable economic development in rural communities with exceptional needs. The final deadline to submit applications is Monday, August 6, 2012. Click here for more information.
The CDFI Fund recently issued a request for comments on the CDFI Program, which provides Financial Assistance (FA) and Technical Assistance (TA) awards to both emerging and certified CDFIs across the country. According to the CDFI Fund, in FY 2012 it received 403 applications requesting approximately $395.7 million in funds – a slight increase in […]