A few weeks after Melisa Nouchanthavong and her husband bought their first house, they discovered problems with its foundation, including a wall that was neari
For years, residents of neighborhoods near Drake University have pushed to see rental properties converted back to owner-occupied housing.
The revolving d
Treasury awards $9.9 million to seven Iowa CDFIs through Rapid Response Program
BY BUSINESS RECORD STAFF Wednesday, June 16, 2021 3:20 PM The U.S. Department of the Treasury on Tuesday awarded $1.25 billion in COVID-19 relief funds to 863 community development financial institutions, including seven CDFIs in Iowa that collectively received $9,917,445. The awards, announced by Vice President Kamala Harris at the White House with Treasury Secretary Janet Yellen, are being made through Treasury’s CDFI Rapid Response Program with the goal of providing additional capital for the organizations to respond to economic challenges created by the COVID-19 pandemic, particularly in underserved communities. “In serving places that the financial sector historically hasn’t served well, CDFIs lift our whole economy up,” Yellen said in a press statement. “We know that for every dollar injected into a CDFI, it catalyzes eight more dollars in private-sector i