FOR IMMEDIATE RELEASE May 27, 2020 Contact: Jessica AcMoody Policy Director, CEDAM acmoody@cedamichigan.org (517) 231-6139 Payday Lending Expansion Bill Passes in the Michigan House The proposed legislation could result in borrowers owing more than $4,000 on a $2,500 loan LANSING— Today the Michigan House of Representatives approved House...
By Brian Rakovitis, manager of financial empowerment initiatives On March 19, 2020, the Federal Reserve Board, the FDIC, and the Office of the Comptroller of the Currency released a joint statement on CRA consideration for activities in response to the COVID-19 pandemic. The joint statement details changes to financial institutions when working with customers, expands...
We’ve seen the many ways that the COVID-19 pandemic has affected and altered our daily lives and business as we know it. The crisis is exposing the weaknesses in our social safety net like never before—and financially vulnerable households that were living paycheck-to-paycheck before the pandemic are especially at risk. There are immediate and long-term...
By Ross Yednock, Director of the MEIC at CEDAM Michigan policy has long held our state’s families living in or near poverty back from saving for emergencies and planning for the future. That has now changed, thanks to Governor Gretchen Whitmer’s announcement earlier this year that increased asset limits for three Michigan assistance programs. As...
We’re excited to announce that CEDAM is celebrating 10 years of hosting AmeriCorps programs! Throughout the year, we’ll be interviewing alumni, highlighting current members, and sharing the impact our members have on their communities. To kick things off, check out these 10 fun facts about CEDAM’s AmeriCorps programs: More than 250 Michiganders have served with...
CEDAM is excited to welcome and introduce our new events & membership specialist, Shawn Masters! Shawn joins our team with a long history working in the nonprofit sector and a strong connection to our organization’s mission. Emily: Tell me about your experience in the nonprofit world? Shawn: My very first experience with nonprofit work, I...
By Luke Forrest, executive director This week marks the official start date of Michigan’s newest state agency, the Department of Labor and Economic Opportunity (LEO). It’s not an event that seems to have garnered much attention, which maybe isn’t surprising given that it’s August—it’s been more than two months since the department was first announced,...
Ionia’s Sweep the Streets project had one simple goal: Bring pride back to our downtown community. You can use this model in your small town, too. If you are ready to roll up your sleeves and get to work, check out this simple community development project that can quickly deliver a big dose of community...
STATEWIDE CONTACTS Emily Reyst Communications & Training Specialist, CEDAM emily@cedamichigan.org | 517.485.3588 Eric Hufnagel Executive Director, MCAH ehufnagel@mihomeless.org |517-853-3885 Housing is Out of Reach in Michigan for Low-Wage Workers Michiganders earning minimum wage must work 58 hours per week to afford a one-bedroom rental home Michigan, June 18—The National Low Income Housing Coalition released their...
By Natalie Rogers, junior policy associate Community Development Corporations (CDCs) address a wide-range of problems and are well positioned to do the work their community needs and wants. While CDCs have the potential to address local issues in their community, their funding models often limit what they are able to accomplish. The limitations under the...
