Spanning the Region

St. Louis Selected for Technical Assistance Scholarship Program

The Center for Community Progress launched the competitive Technical Assistance Scholarship Program (TASP) in 2014 to find and support today’s pioneers in the work to reclaim and revitalize problem properties. The program seeks out “changemakers” who are ready to effect positive change on the ground and shape the national field of practice. St. Louis was chosen as a recipient of the third round of TASP aid based on a range of criteria, including the potential for innovation that other cities can learn from, demonstrated leadership to implement reform and the overall scale of vacancy challenges as well as need for outside assistance. Technical assistance will focus on evaluating the property tax foreclosure process for the city of St. Louis. It will analyze the adequacy of existing systems for enforcing delinquent property taxes, as well as how to improve the processes through which the local land bank acquires properties. Read more at www.communityprogress.net.

DRA Partners with Mississippi Mayors to Support Infrastructure Improvements in the Delta

The Delta Regional Authority (DRA) is partnering with the Mississippi Conference of Black Mayors (MCBM) to provide technical assistance to MCBM members to help identify and obtain funding opportunities for local infrastructure needs. The Connecting Our Communities to Opportunities (COCO) program will provide one-on-one technical assistance training to successfully locate and manage funds to repair and update water and sewer systems. For more information, visit http://dra.gov/newsroom/press-release/delta-regional-authority-partners-with-mississippi-mayors-to-support-infras.

Initiative to Expand Access to Capital for Minority- and Women-Owned Businesses

HOPE Enterprise Corp. was one of three community development financial institutions (CDFIs) nationwide selected to launch the Wells Fargo Works for Small Business: Diverse Community Capital program. Through the program, HOPE will receive a $2-million grant to support the organization’s commercial lending, outreach and technical assistance programs for minority- and women-owned and -led small businesses. Over the next three years, Wells Fargo will invest $75 million directly into CDFIs that serve businesses led by diverse leaders. Learn more about the program at www.wellsfargo.com/com/financing/real-estate/community-lending-investment/cdfi.

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2015 Federal Reserve System
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