HUD: Nearly $165 Million Awarded to Protect Families from Lead and Other Home Health and Safety Hazards

Funding to make low-income families’ homes safer and healthier The U.S. Department of Housing and Urban Development (HUD) today awarded nearly $165 million to 44 state and local government agencies in 23 states to protect children and families from lead-based paint and home health hazards. HUD is providing these grants […]

EDA: $10.3 Million in CARES Act Funding to Capitalize Revoling Loan Fund Across West Virginia

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $10.3 million EDA CARES Act Recovery Assistance grant to the West Virginia Economic Development Authority, Charleston, West Virginia, to capitalize and administer a Revolving Loan Fund (RLF) that will provide critical capital […]

EDA: $4 Million Invested to Improve Water Infrastructure in Stevenson, WA Opportunity Zone

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $4 million grant to the city of Stevenson, Washington, to make critical wastewater infrastructure improvements needed to support business growth throughout the region. The EDA grant, to be located in a Tax Cuts […]

EDA: $732,080 Invested to Renovate Historic Building to Support Entrepreneurial and Start-up Growth in Vincennes, IN Opportunity Zone

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $732,080 grant to the city of Vincennes, Indiana, to renovate the historic Pantheon Theatre and convert it into a shared coworking, training, and meeting space to support entrepreneurs and small business growth. The project, to be located […]

FHFA: Buying Loans in Forbearance and COVID-Related Loan Processing Flexibilities Further Extended

The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) will extend buying qualified loans in forbearance and several loan origination flexibilities until October 31, 2020.  The changes are to ensure continued support for bor​rowers during the COVID-19 national emergency. The flexibilities were set […]

EDA: $557,254 Invested to Support Manufacturing Sector in Eastern New York

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $557,254 grant to the Town of Erwin Industrial Development Agency, Painted Post, New York, to support the installation of a new groundwater supply well to meet water capacity demands of manufacturing businesses in the region. The EDA […]

CDFI Fund: U.S. Treasury Awards $204.1 Million to Support Economic Growth in Low-Income, Distressed and Native Communities

 The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 397 Community Development Financial Institutions (CDFIs) $204.1 million in awards today. The awards, through the fiscal year (FY) 2020 round of the Community Development Financial Institutions Program (CDFI Program) and the Native American CDFI Assistance Program […]

CDFI Fund: CDFI Certification, ACR, and CTLR FAQs Now Available

FAQs Provide Clarification on Proposed CDFI Certification and Data Collections  In May, the Community Development Financial Institutions Fund (CDFI Fund) released for public comment proposed changes to the Community Development Financial Institution (CDFI) Certification Application and the Annual Certification and Data Collection Report (ACR), as well as a new CDFI Transaction Level […]

SBA: Network of Small Business Resource Partners Honored During National Small Business Week

During the 2020 National Small Business Week, the U.S. Small Business Administration honored its resource partners for their impact on local economic development and support of small business creation and growth across the nation. Additionally, all of the SBA’s Resource Partners were recognized for providing resources to small businesses as they work to […]

SBA: Timothy Porter of Appddiction Studio, LLC of Texas Named 2020 Small Business Person of the Year

Logistics and Transportation Entrepreneur from Florida also recognized by SBA as Runner-up Today, the U.S. Small Business Administration recognized this year’s Small Business Person of the Year, Timothy Porter of  Appddiction Studio, LLC, of Texas, during the 2020 National Small Business Week virtual ceremony. “It is my honor to announce Timothy Porter of Appddiction Studio, LLC, is […]