Durham Reporter

Federal tax credit program announces $10B allocation round; program’s director former employee of Durham credit union that has received millions in tax credits

By Durham Reporter News Service | Dec 16, 2024

The program director of a federal tax credit program that has provided more than $500 million in credits to a Durham credit union and its affiliate announced a new round of tax credit allocations worth $10 billion.

Trump's proposed ban on mortgages-for-illegals could impact 2 Durham credit unions, including one that formerly employed Gov.-elect Stein

By Durham Reporter News Service | Nov 9, 2024

Former president and current president-elect Donald Trump has pledged to ban mortgages for illegal aliens, claiming the policy would help alleviate housing affordability by reducing the impact of a "flood" of illegal aliens on housing costs.

Durham Reporter requests U.S. Treasury information on organizations receiving payments by Durham-based non-profit via federal tax credit program

By Durham Reporter News Service | Apr 18, 2024

Durham Reporter has submitted a Freedom of Information Act (FOIA) request to the U.S. Department of the Treasury seeking information on the “financial intermediaries” that have received “equity investments” from Durham-based Self-Help Ventures Fund between 2004 and 2020.

‘Not a good look’ for Durham non-profits to receive half-billion in federal funds, lobby government to ‘prohibit competition’, says League of American Workers President

By Durham Reporter News Service | Apr 1, 2024

Steve Cortes, president of the League of American Workers (LAW), said it’s "not a good look” for a Durham-based network of nonprofits to get a half-billion dollars in federal funding and lobby for regulations against competitors.

Non-profits owned by Durham credit union owner received more than $500 million in U.S. Treasury funding, federal records show

By Durham Reporter News Service | Mar 14, 2024

A network of connected non-profit organizations run by Durham, N.C.-based credit union CEO Martin Eakes has received more than a half-billion in U.S. Treasury funds.