Member Update
CEDAM News & Views: October 31,
2007 | |
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Victory for Michigan's
Housing and Community Development
Fund!
After many years of advocacy to
fund the MHCDF, approximately $2.1 million for the fund
is almost secured! The DLEG Conference Committee reported out
$2.163 million for the MHCDF. The budget bill
is now awaiting a signature from the Governor to finalize the
deal.
Thanks to all of you and the Living in
Michigan Coalition members
who have worked so hard to get the MHCDF
funded.
We will continue to
advocate to reach the goal of $100 million for the fund, but
this is a great start--
Congratulations!
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| State Politics and
Policy |
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Budget Deal in Place
 Early this morning a deal was struck
between the Legislature and the Governor that includes $750
million more spending than last year to pay outstanding debts
and $433.55 million in budget cuts. The last three
budgets that were being worked on were the General Government,
Department of Human Services, and Department of
Transportation. However, once the last main issue of
privatizing services for foster children and juvenile
offenders in the DHS budget was resolved, the other two were
quickly resolved. The 17 budget bills now await the Governor's
signature.
Features from around the
State:
Innovative Rehab: Jackson prison
transformed into center for artists - article
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| National Politics and
Policy |
H.R.
3915: The Mortgage Reform and Anti-Predatory Lending Act of
2007
On October 22nd, Representatives Brad Miller (D-NC),
Mel Watt (D-NC), and Barney Frank (D-MA) introduced
legislation at the national level to curb predatory lending
practinces in mortgage lending and to provide protections to
both consumers and investors.
The bill will reform mortgage
practices in three main areas:
- It will establish a federal duty of care, prohibit
steering, and require licensing and registration of mortgage
originators, which includes brokers and bank loan officers.
- Also, it will set a minimum standard for all mortgages
that state that borrowers must have reasonable ability to
repay the mortgage loan.
- Finally, it will expand protections for high-cost loan
consumers and includes protections for renters of foreclosed
homes.
Click here to read the press
release.
Sub-prime mortgages affecting
communities rich & poor
 An analysis, featured in KnowledgePlex, of
more than one hundred and thirty million home loans
made over the past decade, reveals that risky mortgages were
made in nearly every corner of the nation, from small
towns in the middle of nowhere to inner cities to affluent
suburbs. The article with analysis of the loan
data by The Wall Street Journal can be found here.
Nation-wide Publications:
- Article from
The Economist discussing the future of old
industrial cities, specifically Michigan's Flint and Ohio's
Cleveland and Youngstown.
- The Enterprise Foundation has
published a practitioner's
guide describing how states are
using low-income housing tax credits (LIHTC) and
incorporating 'greener' policies.
- The Smart Growth Network
published a handbook last year titled "This is Smart
Growth" - Traverse City is one of the communities
featured. If you want a hard copy, you can
request one via email
or phone
call.
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| Members & Partners
Spotlight... |
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Searching for a NEW board
member? |
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Or do you want to help your current
board re-energize or re-focus?
 If so, check out BoardConnect, a program
of Nonprofit Enterprise at Work (NEW). BoardConnect features
workshops like:
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Recruiting a Winning Board
-
Achieving Excellence as a Nonprofit
Board
-
Results through Assessment
-
Rejuvenating Your Board
Check out their calendar for available
trainings for individuals and
non-profits. |
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Resources, Trainings, and
Events... |
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Building Sustainable
Communities Conference - REGISTER NOW!!
 November 7 @ Holiday Inn
South in Lansing
Put together by Michigan LISC, Detroit LISC, and CEDAM,
this one-day conference will provide an
overview of the LISC definition of "sustainable communities"
and how this relates to LISC's investment priorities in
Michigan. The conference will include three breakout
tracks: Building Family Income and Wealth, Economic
Development, and Youth Development.
- Tuesday, November 13, from
2:30-4:30 at the Solanus Casey Center:
The Detroit Economic Growth
Corporation and the Community Foundation for Southeast
Michigan are sponsoring a special briefing on
"Market Opportunities in Detroit's Near-eastside
Neighborhoods" with speaker John Talmage of Social
Compact, to discuss how the recently released Detroit Drilldown
report specifically highlights potential in the
east-side neighborhoods. Please contact Marlene Rencher to RSVP by November
7.
- SAVE THE DATE: Wednesday,
December 5: Come to the Lansing Center for the MCDA Technical Assistance
Conference: Foreclosures 202, sponsored by MCDA, SEMCOG, DHUD and MSHDA. You will
be able to hear CEDAM's Executive Director, Angie Gaabo,
speak about the Michigan Foreclosure Task
Force and action being taken at the state and federal
level to combat Michigan's foreclosure crisis. For more
information regarding this event, please contact Clarinda Barnett-Harrison at
SEMCOG.
For
information on other upcoming training opportunities, don't
forget to visit MITTAC
- the Michigan Training and Technical Assistance
Collaborative.
Grants
Available:
AT&T
Foundation: Community
Development, Education, Health, Arts & Culture
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Grants anywhere between $1,000 and $25,000 - check out
the grant FAQ.
RGK
Foundation: Funding for human
services, community improvement, youth development, education
and abuse prevention programs. Average grants are under
$25,000. Letters of inquiry are accepted year-round.
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CEDAM's Career Corner is also frequently updated
with job openings in the Community Economic Development
industry. New positions are added
often! |
Compliments of
CEDAM
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