Treasury Community Development News Today : Breaking News, Live Updates & Top Stories | Vimarsana

A day else a portion of the sheriff shared lending to small and microbusinesses. Because of that 4 billiondollar investment in 332 institutions across the Country Community banks or cdfi loan funds, we have seen positive returns for taxpayers so this is no cost to the taxpayer and we are also seeing that lending has increased by more than 10 billion so we take that 4 billion investment. As a result the institutions have loaned more than 10 million above and beyond the lending that they were doing beforehand. What that actually turns into is around 41,000 new loans to Small Businesses. It also ...

Strand Theater redevelopment rendering courtesy of The NHP Foundation For more than a year, DC Housing Enterprises, a subsidiary of the District’s Housing Authority, had $6 million in federal tax credits set aside to help redevelop the Strand Theater, a historic, now-abandoned movie theater that was once a focal point for Deanwood’s Black community. Officials want to turn the space into a restaurant with an arts and entertainment program. But in mid-December, DCHE asked the Housing Authority Board of Commissioners for permission to direct those tax credits to a hospital project not in th...