HUD: $2.6 Billion Awarded to Improve and Preserve the Nation’s Public Housing
Housing authorities will use funding to modernize housing for families, seniors To help public housing authorities make needed capital improvements to their properties, the U.S. Department of Housing and Urban Development today allocated more $2.6 billion in annual funding to housing authorities in all 50 states, as well as the District of Columbia, Guam, Puerto…
OCC: Publication Discusses Profitable Bank Collaborations with Minority Depository Institutions
The Office of the Comptroller of the Currency (OCC) published the latest edition of its Community Development Investments newsletter entitled “Profitable Partnerships: Collaborating With Minority Depository Institutions.” This edition of Community Development Investments discusses how executives working for minority-owned depository banks can collaborate with large and midsize banks in ways that are profitable and beneficial…
HUD: Fair Housing Assessment Tool Withdrawn
Flawed assessment tool found to be confusing, difficult to use for local governments After a months-long technical evaluation, the U.S. Department of Housing and Urban Development (HUD) today announced that it is withdrawing a computer assessment tool originally intended to be helpful to local governments in meeting their obligations under the Fair Housing Act to…
HUD: $5 Million Awarded for Community Development in Four Rural Communities
The U.S. Department of Housing and Urban Development awarded $5,000,000 to four organizations in California, Minnesota, and Washington, D.C. to continue its community and organizational development strategies to improve the lives of low-income persons. The funding is provided through HUD’s Rural Capacity Building for Community Development and Affordable Housing Program. “HUD is committed to delivering…
HUD: $10 Million in “Sweat Equity” Grants Announced
SHOP grant funding calls for the use of elbow grease to help 535 families become homeowners The U.S. Department of Housing and Urban Development (HUD) today awarded $10 million in “sweat equity” grants to four non-profit self-help housing organizations which will create at least 535 affordable homes for hard-working, low-income families and individuals. Funded through HUD’s…
SBA: Partnership Announced with Veterans Affairs’ Vocational Rehabilitation and Employment Program
The U.S. Small Business Administration has entered into an agreement with the U.S. Department of Veterans Affairs, through its Vocational Rehabilitation and Employment program. The partnership will give veterans access to self-employment assistance from the SBA, its resource partners, and U.S. Export Assistance Centers. The VA and SBA will work together to prepare veterans, service-disabled…
HUD: New “HUD Strong Families” Initiative Launched
Effort helps strengthen family ties while promoting economic empowerment, educational opportunities, and health resourcese WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today announced it will launch HUD Strong Families, a new effort in coordination with Public Housing Authorities (PHAs), federal partners, and service organizations to support families living in HUD-assisted housing…
SBA: Funding Awarded for 22 Veterans Business Outreach Centers
The U.S. Small Business Administration this week announced the awarding of $6.6 million in funding to 22 organizations to provide training and counseling to current and aspiring veteran small business owners as a Veterans Business Outreach Center (VBOC). The funding opportunity, offered by SBA’s Office of Veterans Business Development, is a one-year initial award with…
CDFI Fund: CY 2018 Round of New Markets Tax Credit Program Now Open
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the Notice of Allocation Availability (NOAA) for the calendar year (CY) 2018 round of the New Markets Tax Credit Program (NMTC Program). The NOAA makes up to $3.5 billion in tax credit allocation authority available for the CY 2018 round….
CDFI Fund: Save the Date for Upcoming FY 2018 Capital Magnet Fund Information Sessions
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) is tentatively planning to publish the Notice of Funds Availability (NOFA) and application for the FY 2018 Capital Magnet Fund round in the Summer of 2018. Approximately $140 million is expected to be available for awards through the FY 2018 round. The…