CEDAM to spotlight the impact of Children’s Savings Accounts  on generational wealth
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CEDAM to spotlight the impact of Children’s Savings Accounts on generational wealth

The organization’s July 12 webinar will host a state representative and foundation leader to discuss firsthand experience with Children’s Savings Account programs in Michigan. LANSING — The Community Economic Development Association of Michigan (CEDAM) will highlight a groundbreaking savings program to close the wealth gap on July 12 as part of their Summer of CEDAM...

Governor Whitmer’s Budget Proposal Includes funding for key community economic development initiatives
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Governor Whitmer’s Budget Proposal Includes funding for key community economic development initiatives

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)...

Payday Lending Expansion Bill Passes in the Michigan House 
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Payday Lending Expansion Bill Passes in the Michigan House 

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...

Changes to CRA expand opportunities for nonprofits responding to COVID-19
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Changes to CRA expand opportunities for nonprofits responding to COVID-19

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...

Helping unbanked individuals receive their stimulus payments quickly
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Helping unbanked individuals receive their stimulus payments quickly

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...

Governor Whitmer announces sensible policy for Michigan assistance programs
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Governor Whitmer announces sensible policy for Michigan assistance programs

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...

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Rural Philanthropy in Michigan Report

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...

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RFP for Rural Communities Facing Design Issues

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...

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Implications of the Farm Bill Expiring

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...