Meet CEDAM’s new executive assistant, Rebekah Cathey
Post

Meet CEDAM’s new executive assistant, Rebekah Cathey

  One of CEDAM’s newest team members, Rebekah Cathey joins us as our executive assistant. We sat down with Rebekah to learn more about her past experiences and what she’s most excited about in this new role! Can you give me a brief overview of your professional background?  Prior to CEDAM, I worked for a...

Meet Choiceé Ford, CEDAM’s new communications specialist
Post

Meet Choiceé Ford, CEDAM’s new communications specialist

One of our newest team members, Choiceé Ford,  joins CEDAM as the communications specialist. We sat down with Choiceé  to learn more about his past experiences and what he’s most excited about in this new role! Can you give me a brief overview of your professional background? My first job in the nonprofit sector was...

Get to Know the Building Michigan Together Plan: The Housing and Community Development Fund
Post

Get to Know the Building Michigan Together Plan: The Housing and Community Development Fund

In March 2022, the Michigan legislature passed the Building Michigan Together Plan (Senate Bill 565): a $4.6 billion bipartisan bill that will offer substantial investments in the state’s infrastructure, including water, housing, roads, internet access, and parks. This is a historic accomplishment, and will pose the opportunity for organizations across the state to advance equity-driven...

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

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
Post

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 
Post

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
Post

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
Post

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
Post

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...