EDA: $960,000 Invested to Support Infrastructure Study of Vallejo, California’s Mare Island
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $960,000 grant to the city of Vallejo, California, to conduct an infrastructure study of Mare Island. This EDA grant will be matched with $540,000 in local investment. “Improving our nation’s infrastructure is a critical component of President Bidens’s Build Back Better agenda…
HUD: Cross-Agency Efforts Announced to Increase Affordable Housing Supply
Federal Finance Bank Risk-Sharing Program, Guidance for Affordable Housing Funding, Zoning Research Among HUD Actions in Administration-wide Agenda FACT SHEET: Biden-Harris Administration Announces Immediate Steps to Increase Affordable Housing Supply WASHINGTON – The Department of Housing and Urban Development (HUD) on Wednesday announced a series of actions it is taking as part of the Biden-Harris Administration’s…
SBA: Funding Awarded for Veteran Federal Procurement Entrepreneurship Training Program
The U.S. Small Business Administration today announced the awarding of $500,000 in a grant agreement with the Montgomery County Chamber of Commerce Community Foundation’s National Center for the Veteran Institute for Procurement (VIP) to deliver the SBA’s Veteran Federal Procurement Entrepreneurship Training Program. The funding opportunity, offered by SBA’s Office of Veterans Business Development, enables VIP to deliver…
SBA: National Small Business Week Virtual Summit Event Schedule for September 13-15 Announced
The U.S. Small Business Administration’s National Small Business Week Virtual Summit event schedule is set. This annual event, happening September 13-15, 2021, honors the nation’s 31 million small businesses for their perseverance, ingenuity, triumphs, and creativity. SBA Administrator Isabella Casillas Guzman announced National Small Business Week in a news release last month. The free, three-day conference will take place in a…
FHFA: Increase in the Enterprises’ LITHC Cap Announced
To support underserved markets, each Enterprise can now invest up to $850 million annually in LIHTC Today, to support underserved markets, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) can each invest up to $850 million annually in the Low-Income Housing Tax Credit (LIHTC) market as equity investors,…
FHFA: Enterprises’ REO First Look Period Extended to 30 Days
Will allow more time for owner occupants to purchase REO properties Today, through the First Look Program, the Federal Housing Finance Agency (FHFA) extended from 20 to 30 days, the period during which owner occupants, public entities, and nonprofits will have exclusive ability to buy Fannie Mae and Freddie Mac (the Enterprises) real estate owned…
CDFI Fund: $5 Billion in New Markets Tax Credits Announced
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $5 billion in New Markets Tax Credits today that will spur investment and economic growth in low-income urban and rural communities nationwide. A total of 100 Community Development Entities (CDEs) were awarded tax credit allocations, made through the calendar year (CY)…
FDIC: FDITECH Opens Registration for Tech Sprint to Measure and Test Bank Resilience
The Federal Deposit Insurance Corporation (FDIC) today opened the registration period to participate in a tech sprint designed to identify and develop measures, data, and other capabilities to understand how resilient banks are to major disruptions. This tech sprint is intended to be the first of several focused on how to foster stronger resiliency in…
EDA: $3.8 Million Invested to Support Airport Expansion and Create Jobs in Middletown, PA
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3.8 million grant to the Susquehanna Area Regional Airport Authority, Middletown, Pennsylvania, to make roadway access improvements needed to support an expansion project at the Harrisburg International Airport, promoting job creation and economic growth. This EDA…
EDA: $3.4 Million Invested to Support Entrepreneurs and Economic Diversification Efforts in St. Clair County, MI
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3.4 million grant to the Economic Development Alliance of St. Clair County, Port Huron, Michigan, to construct an 11,000-square-foot building for use as a small business incubator that will support emerging and second-stage businesses in the…