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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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Cedar Rapids' Rollin' Recmobile begins summer schedule Monday

Cedar Rapids' Rollin' Recmobile begins summer schedule Monday
thegazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thegazette.com Daily Mail and Mail on Sunday newspapers.

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Cedar Rapids homeownership program refocuses after derecho

CEDAR RAPIDS - Hard work and a little help made Rhonda Esser s homeownership dreams a reality. ....

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Matthew 25 puts tools, hoes and hope in people's hands

Matthew 25 puts tools, hoes and hope in people s hands
Clint Twedt-Ball is executive director of Matthew 25. Photographed at its offices in southwest Cedar Rapids, Iowa, on Wednesday, Dec. 16, 2020. (Jim Slosiarek/The Gazette)
Clint Twedt-Ball is executive director of Matthew 25. Photographed at its offices in southwest Cedar Rapids, Iowa, on Wednesday, Dec. 16, 2020. (Jim Slosiarek/The Gazette)
The Tool Library at Matthew 25 in Cedar Rapids offers a basement workshop for members with large tools such as this band saw. Membership in the Tool Library runs from $48-180 annually depending on income and family size. Shot on Thursday, April 20, 2017. (Cliff Jette/The Gazette) ....

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Cedar Rapids Mayor Brad Hart seeking reelection

CEDAR RAPIDS A tumultuous third year of Mayor Brad Hart’s first term marked by the COVID-19 pandemic, civil unrest and the derecho didn’t steer the city’s top elected official from seeking re-election.
Hart announced Tuesday he will run for a second four-year term in November, where he and the nine-member part-time City Council will grapple with helping the community recover from those disasters and advancing diversity, equity and inclusion for all residents.
“We survived quite a year together. Cedar Rapids has, once again, proven its resilience,” Hart said in a news release. “The strength and compassion I saw displayed over the last year has impressed and inspired me. It has been an honor to serve as Mayor and, with the support of the community, I want to continue to serve everyone in Cedar Rapids for another term.” ....

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