Browsing: Community development

Mortgage

The Federal Home Loan Banks awarded approximately $458 million in affordable housing program funds in 2018, a 15% increase from the year prior, according to a report released today by the Federal Housing Finance Agency.

Commercial Lending

The Treasury Department’s Community Development Financial Institutions Fund today announced more than $25 million in awards to 113 banks through its Bank Enterprise Awards program, which encourages banks to increase their investments and loans in disadvantaged communities.

Newsbytes

ABA and three other trade groups today urged House and Senate appropriations leaders to support $300 million in funding for the Community Development Financial Institutions Fund in fiscal year 2020, with $35 million allocated for the Bank Enterprise Award Program.

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