Thank you very much to everyone who came out last Friday to the @fightins game! On Thursday, June 8th we’re going to be celebrating NHS Night at the stadium! On that night, we are proud to be sponsoring the fireworks show! We look forward to seeing everyone on June 8!
FY 2022 CDFI Program Award Book
NHSGB is incredibly grateful to have been selected by the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) to receive an award of $560,000! We were among 252 Community Development Financial Institutions (CDFIs) to receive $194.1 million in Financial Assistance (FA) awards. This generous contribution will help us to substantially increase our lending and investment activities in disadvantaged and distressed neighborhoods and communities.
“This investment from the Fund allows for NHSGB to continue its intentional work of creating new homeowners in affordable housing across all of PA,” said Stephen T. Gieringer, CEO. “With this injection of equity, NHSGB’s lending capacity is enhanced — providing greater access to affordable housing outcomes, creating jobs, and empowering underserved communities throughout Pennsylvania.”
U.S. Treasury Awards in Excess of $194 Million to Spur CDFI Investment in Distressed and Underserved Areas across the Nation
Washington, DC – The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 252 Community Development Financial Institutions (CDFIs) $194.1 million in Financial Assistance (FA) awards today. The awards, through the fiscal year (FY) 2022 round of the Community Development Financial Institutions Program (CDFI Program) and the Native American CDFI Assistance Program (NACA Program), will enable CDFIs to substantively expand lending and investment activity in disadvantaged and distressed neighborhoods and communities.
“I am pleased to announce the fiscal year 2022 CDFI Program and NACA Program Financial Assistance Award Recipients,” said CDFI Fund Director Jodie Harris. “Financial Assistance Awards provide CDFIs with capital critical for establishing new businesses, creating jobs, financing affordable housing and increasing homeownership, and providing financial services in low-income and distressed communities nationwide.” “The question of who can access credit and capital – and who can’t – is at the root of many long-term structural problems in our economy,” said Assistant Secretary for Financial Institutions Graham Steele. “By channeling more capital into CDFIs, we are reaching places and communities that the financial sector historically hasn’t served well – and by doing so, we are helping to create an economy that works for everyone.”
The FY 2022 CDFI Program and NACA Program Financial Assistance Award Recipients include 137 loan funds; 73 credit unions; 40 depository institutions and holding companies, and two venture capital funds. Award recipients also included 23 CDFIs that are also Minority Depository Institutions, as designated by the Federal Deposit Insurance Corporation and National Credit Union Administration.
Collectively, FA awards encompass Base Financial Assistance (Base-FA) and the following awards that are provided as a supplement to a Base-FA award: Healthy Food Financing Initiative-Financial Assistance (HFFI-FA), Persistent Poverty Counties-Financial Assistance (PPC-FA), and Disability Funds-Financial Assistance (DF-FA).
The CDFI Program invests in and builds the capacity of CDFIs to serve low-income people and underserved communities lacking adequate access to affordable financial products and services. For the FY 2022 CDFI Program round, the CDFI Fund awarded $127.1 million in Base-FA awards to 233 organizations in 41 states, the District of Columbia, and Puerto Rico. The CDFI Fund also awarded $17.6 million in PPC-FA awards to 137 CDFIs specifically to serve Persistent Poverty Counties nationwide.
In addition, the CDFI Fund awarded $23 million in HFFI-FA awards to eight CDFIs. The Healthy Food Financing Initiative is a supplemental program designed to encourage investments in businesses that provide healthy food options for communities. The CDFI Fund also awarded $6.5 million in DF-FA awards to 13 CDFIs; DF-FA is a supplemental program designed to help CDFIs finance projects and services to assist individuals with disabilities.
The NACA Program helps Native CDFIs increase access to credit, capital, and financial services in Native Communities. Organizations funded through the NACA Program serve a wide range of Native American, Alaska Native, and Native Hawaiian communities. The CDFI Fund awarded $17.1 million in FY 2022 NACA Program Base-FA awards to 19 organizations in 13 states. In addition, 10 Native CDFIs received $2.8 million in PPC-FA awards.
The CDFI Fund also provides Technical Assistance awards to CDFIs and emerging CDFIs through the CDFI Program and NACA Program. The FY 2022 Technical Assistance Awards were announced on September 26, 2022.
View more information about all of the FY 2022 CDFI Program and NACA Program awards below.
FY 2022 CDFI Program Award Book
FY 2022 NACA Program Award Book
CDFI Program and NACA Program Financial Assistance Application Evaluation Process
CDFI Program and NACA Program Technical Assistance Application Evaluation Process
*Please note, the CDFI Fund expects to open a combined FYs 2023 and 2024 CDFI Program and NACA Program application round in fall 2023. Prior to this, the CDFI Fund will solicit public feedback on the FA and TA applications, as well as the evaluation process. A Request for Comment will be published in the Federal Register in the coming days.
Since its creation in 1994, the CDFI Fund has awarded nearly $5.7 billion to CDFIs, community development organizations, and financial institutions through: the Bank Enterprise Award Program; the Capital Magnet Fund; the CDFI Rapid Response Program; the Community Development Financial Institutions Program, including the Healthy Food Financing Initiative; the Economic Mobility Corps; the Financial Education and Counseling Pilot Program; and the Native American CDFI Assistance Program. In addition, the CDFI Fund has allocated $71 billion in tax credit allocation authority to Community Development Entities through the New Markets Tax Credit Program, and closed guaranteed bonds for more than $2.1 billion through the CDFI Bond Guarantee Program.
To learn more about the CDFI Fund and its programs, please visit the CDFI Fund’s website at www.cdfifund.gov
Reasonable Accommodations: Requests for reasonable accommodations under section 504 of the Rehabilitation Act should be directed to Jay Santiago at the CDFI Fund at 202-653-0300.
READING, Pa – Coming Soon, King Food Super Market. In a collaboration with Greater Berks Development Fund, Neighborhood Housing Services of Greater Berks has provided a small business funding in support of the soon to open food market at 1310 Schuylkill Ave, in the Glenside area of the City of Reading.
The Glenside community in the City of Reading lost its supermarket in the area over three years ago. To support the local Glenside community, King Supermarket Food, LLC will reopen at the exact location of the former Super Saver Market and Big Johns. It will retail a wide range of perishable goods and non – perishable goods at affordable prices from different international and local brands.
King Super Market Food, LLC is a family business owned by Misael Marmolejos and his immediate family members. Misael has more than 15 years of experience in the food industry. He had grocery stores in Reading, has worked for larger supermarkets, and now operates a very successful pizza shop, King of Cheesy Pizza in Reading. King Food Super Market will be a fully operational supermarket with a grocerant model offering prepared meals at affordable prices.
For your small business funding needs contact Lucy Cortez (484–855–0378), Chief Operations Officer of Neighborhood Housing Services of Greater Berks, a non-profit organization.
Steve Gieringer, the CEO of Neighborhood Housing Services joins as a special guest on Real Estate and You with Brad Weisman and chats about all the great things NHS is doing in Berks and surrounding counties.
We partnered with Habitat for Humanity to assist with a brand new home for a valued member of our community! Check out the article here!
Join us March 28 for a pinning ceremony as we help to recognize Vietnam Veterans from Lehigh and Northampton counties!
🎉Congratulations to our very own Steve Gieringer, who’s been chosen by R-Bar as someone in our community who makes a significant impact in Berks County.
With many years of experience in the housing finance industry as CEO for NHS of Greater Berks, Steve is committed to making a positive impact in the lives of residents within the City of Reading and the Greater Berks County region through affordable housing initiatives. government resources, private institutions and community partners, from increasing access to housing, to expanding homeownership through education.
Congratulations again Steve!
Neighborhood Housing Services of Greater Berks (NHSGBI) now offers Home Repair and Debt Consolidation Assistance Second Mortgage Program for qualified low to moderate income residents of PA.
Here are some details!
To find out more click here!
