FOR IMMEDIATE RELEASE February 11, 2021 Whitmer’s budget recommendations include $2 million for Children’s Savings Accounts (CSA) programs and $10 million for the Michigan Housing and Community Development Fund (MHCDF) LANSING, MI—Governor Whitmer’s budget proposal released today includes appropriations for key community economic development initiatives. The proposal includes $2 million for Children’s Savings Accounts (CSA)...
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...
Stimulus payments are being issued, but for many unbanked individuals it could mean months of unnecessary delay before receiving their payment. By Sydney Lipton, junior policy associate and Brian Rakovitis, manager of financial empowerment initiatives The Federal government recently passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act and is disbursing economic impact payments...
For Immediate Release April 3, 2020 Contact: Ross Yednock 517. 485.3588 ext. 1946 | yednock@cedamichigan.org Families and individuals who typically are not required to file a tax return need to do so immediately in order to receive an economic impact payment LANSING— The federal government, as part of their Coronavirus Aid, Relief, and Economic Security...
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...
The Michigan Rural Council is pleased to announce the release of the Rural Philanthropy in Michigan Report. The Report serves as a collaborative effort between the Michigan Rural Council (MRC), a project of the Community Economic Development Association of Michigan (CEDAM), and the Council of Michigan Foundations (CMF) in discussing the role of rural philanthropy...
The Citizens’ Institute on Rural Design (CIRD) has issued a request for proposals to rural communities facing design challenges to host local workshops in 2013. Selected communities will receive a $7,000 grant along with design expertise and technical assistance valued at $35,000. The deadline for these proposals is Tuesday, March 5th at 5pm. CIRD works to help rural...
The National Sustainable Agriculture Coalition’s released an informative FAQ-style briefing on the expiration of the 2008 Farm Bill and what it means moving forward. The farm bill expired as of September 30th, after Congress failed to pass a new farm bill or enact a short-term extension of the 2008 bill. The Supplemental Nutrition Assistance Program (food...
MLive recently reported that Governor Rick Snyder approved over $36 million in supplemental funds to the 2013 budget. The $48.5 billion budget was already an increase over the previous year by 1.25%, but Snyder deemed the extra funds worthwhile in the long run. While the largest portion of these funds ($17.6 million) is going into...
