Industry News

HUD: $72 Million Announced for Funding Opportunity to Help Youth Experiencing Homelessness

Funding will support up to 25 communities in developing and implementing a coordinated community approach to preventing and ending youth homelessness. The U.S. Department of Housing and Urban Development (HUD) is making $72 million in Youth Homelessness Demonstration Program (YHDP) funding available to up to 25 communities nationwide. Funding will be utilized for developing and…

HUD: PAVE Task Force Action Plan Unveiled with Wide-Ranging Set of Reforms to Advance Equity in Appraisals

Vice President Kamala Harris Announces Release of Plan During White House Event with Secretary Marcia L. Fudge, White House Domestic Policy Advisor Susan Rice, and Americans Impacted by Bias in the Appraisal Process FACT SHEET: PAVE Task Force Action Plan Key Findings WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today announced…

EDA: $4 Million in American Rescue Funds Invested to Support Recovery of the Arts Sector and Boost Tourism in Santa Cruz, CA

Today, U.S. Secretary of Commerce Gina M. Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $4 million American Rescue Plan Travel, Tourism and Outdoor Recreation program grant to the city of Santa Cruz, California, to develop a new arts and entertainment infrastructure and increase tourism to the region. This project will support…

EDA: $1.3 Million Invested to Grow Businesses and Create Jobs in Kings Mountain, NC

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.3 million grant to the city of Kings Mountain, North Carolina, for wastewater infrastructure improvements. This project will support existing commercial and industrial users as well as a new manufacturing facility under development, leading to business…

EDA: $512,000 in American Rescue Plan Funds Invested to Support Pandemic Response and Economic Resiliency in Cookeville, TN

Award is Part of the Department of Commerce’s $300 million Coal Communities Commitment Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $512,000 grant to the Upper Cumberland Development District, Cookeville, Tennessee, to fund two regional recovery coordinator positions. This grant is funded by the American Rescue Plan and EDA’s $300…

EDA: $2.36 Million in American Rescue Plan Funds Invested to Expand Healthcare Jobs in Pikeville, KY

Award is Part of the Department of Commerce’s $300 million Coal Communities Commitment Today, U.S. Secretary of Commerce Gina M. Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2.36 million grant to Pikeville Medical Center, Inc., Pikeville, Kentucky, for the provision of new equipment that will be used to meet patient demand…

HUD: FHA Insures $12 Million Mortgage for Urban Redevelopment of Affordable Multifamily Housing in Baltimore

Insurance endorsement provided by FHA supports affordable financing to create 87 rental homes throughout several lots The Federal Housing Administration (FHA) announced on March 17 the final endorsement and completed construction of a $12 million loan insured under FHA’s 221(d)(4) mortgage insurance program for Marshall Gardens in Baltimore, Maryland. The property was named after Thurgood…

HUD: $5 Million Loan Guarantee Announced for St. Johns County for Construction of Multipurpose Community Center

Loan guarantee will provide financing for the construction and planning costs, site development, and construction of a multipurpose community center and library facility. The U.S. Department of Housing and Urban Development (HUD) today announced a $5,075,000 loan guarantee to St. Johns County, Florida to help finance the construction of the Hastings Community Center and Library…

HUD: $1.1 Million Loan Guarantee Announced for Berks County to Renovate Commercial Building, Expand Business

Loan guarantee will provide financing for the rehabilitation and renovation of a commercial property that will retain current jobs and create new employment opportunities. The U.S. Department of Housing and Urban Development (HUD) today announced a $1,100,000 loan guarantee to Berks County, Pennsylvania to assist the Berks County Nonprofit Development Corporation (BCNDC) with the financing…

SBA: New “Building a Better America: A Small Business Resource Community” Virtual Engagement Series Launched

New virtual series will connect small businesses with SBA resources and networks as the nation’s historic strong economic recovery powers return to normalcy Today, the U.S. Small Business Administration (SBA) and Public Private Strategies Institute (PPSI) announced the launch of Building a Better America: A Small Business Resource Community (BBA Resource Community), a new engagement series geared toward connecting…