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Funding scheme open for Worthing community groups application


THOUSANDS of pounds are being made available to community groups to improve their neighbourhoods.
The borough council is inviting groups in six Worthing wards to bid for money which can be invested in projects such as footpaths, cycleways and play facilities.
The funds will be applied from the Community Infrastructure Levy, CIL, which is a charge which local authorities can levy on new development in the area.
Under government regulations, the council collects money from developers building new projects to make investments for the wider public good.
Now officers are opening up the CIL Neighbourhood Fund for bids from local community groups. The Neighbourhood Fund is a small part of the overall CIL pot from development. ....

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Treasury awards $9.9 million to seven Iowa CDFIs through Rapid Response Program


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 priv ....

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