News

Washington, DC -- The Director of the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund Donna J. Gambrell participated today in the ribbon-cutting and dedication of the Joe & Vi Jacobs Center in the Diamond neighborhood of San Diego.

Washington, DC -- The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund Director Donna J. Gambrell attended the opening celebration for Brooklyn Cooperative Federal Credit Union's first branch office located in the Bedford-Stuyvesant neighborhood of Brooklyn, New York, on Saturday, May 17, 2008. U.S. Congresswoman Nydia M.

Washington, DC -- On April 15th, a day most Americans associate with paying their income taxes, a Federal program that provides tax credits for investments in low-income communities has been recognized for its innovation and effectiveness.

Washington, DC -- The U.S. Treasury Department's Community Development Financial Institutions (CDFI) Fund announced today that it received a total of 239 applications under the 2008 round of the New Markets Tax Credit (NMTC) Program. These applicants requested an aggregate total of $21,301,795,539 in NTMC allocation authority.

Washington, DC -- Yesterday, the White House announced the intention of President George W. Bush to appoint four new members to the Community Development Advisory Board.

Milwaukee, WI -- CDFI Fund Director Kimberly Reed participated in a ribbon cutting in Milwaukee, WI to celebrate the expansion of the Badger Railing Co. manufacturing facility.

For Immediate Release

Contact: Peter Dugas
(202) 622-8401

Washington, DC -- Today the Department of the Treasury's Community Development Financial Institutions (CDFI) Fund announced that approximately $11 million has been awarded to 51 banks and thrifts across the country that provide critically needed financial products and services to economically disadvantaged people and communities.

Portland, ME -- CDFI Fund Director Kimberly A.