Capital Assistance Program

Capital Assistance Program

In the United States, a program dedicated to the purchase of convertible preferred stock of banks in the United States. The stock pays a 9% dividend and converts to common stock after seven years unless the bank repurchases it. The program is intended to spur lending in the wake of the 2008 financial crisis by shoring up at-risk banks. It was established in February 2009.
References in periodicals archive ?
Through the years, Hancharuk said funding was available through the federal Airports Capital Assistance Program, but the airport didn't have money in reserve to contribute for its portion, and the municipality's emphasis was on holding the line on tax increases.
Transport Canada's Airports Capital Assistance Program (ACAP) provided the funding.
The Lloydminster Municipal Airport, through the government's Airports Capital Assistance Program, is receiving CDN 226,510 for the replacement of a towed runway sweeper and CDN 311,896 for the replacement of a front-end loader and a loader-mounted snow blower.
Funded through the Airports Capital Assistance Program (ACAP), the federal investment of CAD179,600 is expected to be used to replace 25 concrete apron panels, which make up the surface that airplanes park on at the terminal building.
Alongside the American Recovery and Reinvestment Act (the stimulus bill), the Financial Stability Plan lays the foundations for economic recovery through efforts to improve affordability for responsible homeowners, the Consumer and Business Lending Initiative to unlock frozen credit markets, a Capital Assistance Program, and the Public-Private Investment Program.
A new Capital Assistance Program to help ensure that our banking institutions have sufficient capital to withstand the challenges ahead.
The plan, called Capital Assistance Program, or CAP, may allow lenders to tap taxpayer funds to bolster their balance sheets.
The New York State Capital Assistance Program has committed $2 million to the $9 million project.
In addition to the federal and provincial grants, other project partners included the Allen Family Fund (through the Edmonton Community Foundation), the Community Initiative Program, and the Low Income Housing Capital Assistance Program (LIHCAP) through the City of Edmonton.
TRANSPORT CANADA has announced several airport investment improvements under its Airports Capital Assistance Program.
While the massive capital assistance program will benefit California's local governments, it will impose significant new demands on local governments to issue debt to pay for matching funds for the state grants.
The Y-Enterprise program is funded through the New York State Capital Assistance Program with matching funds from the City of Yonkers.

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