EDA: $500,000 in CARES Act Recovery Assistance Invested to Support Business Education and Mentorship in Eugene, OR
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $500,000 CARES Act Recovery Assistance grant to the Eugene Chamber of Commerce, Eugene, Oregon, to provide education and mentoring support needed to help area businesses respond to the coronavirus pandemic. This EDA grant, to be matched with $184,771 in local investment, is…
CDFI Fund: Applications Open for COVID-19 Stimulus Funds Under CDFI Rapid Response Program
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2021 funding round for the CDFI Rapid Response Program (CDFI RRP) today. The program will provide $1.25 billion, authorized by the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 (P.L. 116-260), to Community Development Financial Institutions…
HUD: $2.7 Billion Awarded to Improve, Preserve Nation’s Public Housing
Housing authorities will use funding to modernize housing for families, seniors The U.S. Department of Housing and Urban Development today awarded more than $2.7 billion in funding to nearly 2,900 public housing authorities (PHAs) in all 50 states, as well as the District of Columbia, Guam, Puerto Rico and the U.S. Virgin Islands to make…
HUD: FHA Extends Single Famly Policy Flexibilities to Maintain Mortgage Originations and 203(k) Rehabilitation Projects Through June 2021
Today, the Federal Housing Administration (FHA) announced extensions of a set of policy flexibilities for single family lenders and servicers designed to maintain new mortgage originations for homebuyers and allow 203(k) rehabilitation projects to continue during the COVID-19 pandemic. These temporary policies recognize the sustained need for flexibility during this critical time to ensure mortgage…
EDA: U.S. Department of Commerce Launches $38 Million Build to Scale Program to Fuel Innovation and Tech-Based Economic Development
Today, the U.S. Department of Commerce announced the opening of the Economic Development Administration’s (EDA) FY21 Build to Scale (B2S) program, which is designed to invest in regional economies through scalable startups. The Build to Scale program’s national competitions will deploy $38 million to further technology-based economic development initiatives that accelerate high-quality job growth, create more…
SBA: Smallest of Small Businesses Prioritized in the Paycheck Protection Program
Steps to Promote Equitable Relief for Mom-and-Pop Businesses Building on a month of strong results, the Biden-Harris Administration and the U.S. Small Business Administration are taking steps with the Paycheck Protection Program to further promote equitable relief for America’s mom-and-pop businesses. The latest round of Paycheck Protection Program funding opened one month ago and already the Biden Administration has…
CDFI Fund: $175.35 Million in Awards for Affordable Housing Nationwide Announced
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 48 organizations $175.35 million today to finance the development of affordable housing and community facilities in low-income communities. These awards were made through the fiscal year (FY) 2020 round of the Capital Magnet Fund, and will support financing for the preservation,…
EDA: $19.3 Million in CARES Act Recovery Assistance Invested to Support Pandemic Response and Resiliency Efforts in Texas
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding $19.3 million in CARES Act Recovery Assistance grants to help the state of Texas prevent, prepare for, and respond to coronavirus. “EDA is committed to helping communities across the nation implement strategies to mitigate economic hardships brought on by the coronavirus pandemic,” said…
EDA: $10.3 Million Invested to Establish Workforce Training in Facility in Northern Marianas Islands
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $10.3 million grant to Northern Marianas Technical Institute, Saipan, Commonwealth of the Northern Mariana Islands, to support workforce education and training through the construction of a new facility to house the school’s trades program. This EDA grant is expected to create 410…
EDA: $6.7 Million in CARES Act Recovery Assistance Invested to Support Pandemic Response and Resiliency Efforts in California
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding $6.7 million in CARES Act Recovery Assistance grants to help communities and businesses in California respond to the coronavirus pandemic. “EDA is committed to helping communities across the nation implement strategies to mitigate economic hardships brought on by the coronavirus pandemic,” said Dennis…