News

CDFI Publish Date
Treasury Department Program Helps Credit Union Expansion to Serve Economically Distressed Communities Across the Mid South

Memphis, TN - Today, the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund Director, Donna J. Gambrell, attended the opening celebration for Hope Community Credit Union's ("HOPE") first Tennessee-based branch in the Midtown neighborhood of Memphis.

U.S. Treasury Official Announces Over $8.2 Million to Benefit Economically Distressed Native American Communities

Scottsdale, AZ -- Today Director Donna J. Gambrell of the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund announced the twenty-nine organizations from across the nation that have been selected to receive over $8.2 million in awards under the 2008 round of the CDFI Fund's Native American CDFI Assistance (NACA) Program

Treasury Official Celebrates Use of New Markets Tax Credits at Groundbreaking of Houston Stainless Steel Mill

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 a groundbreaking ceremony in Houston, Texas.

Treasury Official Participates in Mississippi Foreclosure Summit

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 Mississippi Foreclosure Summit hosted by Governor Haley Barbour.

New Markets Tax Credit Program and Innovative Public-Private Partnership Help to Transform San Diego Community

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.

Treasury Department Program Helps Fund New Credit Union Branch Opening in Bedford-Stuyvesant

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.

Treasury's New Markets Tax Credit Program Named One of Top 50 in Innovations in American Government Awards Competition

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.

Demand for New Markets Tax Credits Remains Strong 239 Applications Received Requesting Over $21.3 Billion

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.

White House Announces New Members to the Community Development Advisory Board

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.

CDFI Fund Director Kimberly Reed Participates in Ribbon Cutting for NMTC-financed Business in Milwaukee, WI

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.