EDA: $849,185 Invested to Support Business Resiliency Efforts in Ekwok, AK
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $849,185 grant to the Native Village of Ekwok, Alaska, to build a multi-purpose facility that will enhance the resiliency of the area’s business community. This EDA grant is expected to create or retain 55 jobs and generate $45,000 in private investment. “President…
EDA: $1 Million Invested to Support Workforce Development Efforts in Western Washington
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1 million grant to the Thurston Economic Development Council for Business & Innovation, Lacey, Washington, to support the workforce development programs of Lacey MakerSpace in Western Washington. This EDA project, to be matched with $251,700 in…
EDA: $600,000 Invested to Create a Personal Protective Equipment Laboratory in Conover, NC
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $600,000 grant to the city of Conover, North Carolina, to purchase critical supplies in support of a new personal protective equipment (PPE) laboratory. This EDA grant, to be matched with $150,000 in local investment, is expected to create 82 jobs and generate…
CDFI Fund: FY 2021 CDFI Program and NACA Program Technical Assistance Awards Announced
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 191 organizations more than $24.1 million in awards today. The fiscal year (FY) 2021 Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) Technical Assistance Awards will allow Certified Community Development Financial Institutions (CDFIs) and…
HUD: $142 Million Awarded to Help End Youth Homelessness
Grants to support innovative housing programs in 33 communities The U.S. Department of Housing and Urban Development (HUD) is awarding $142 million to build systems to end youth homelessness in 33 local communities, including 11 rural communities. HUD’s Youth Homelessness Demonstration Program (YHDP) will support a wide range of housing programs including rapid rehousing, permanent supportive housing,…
HUD: Access Opened to $5 Billion in American Rescue Plan Grants to Prevent and End Homelessness
The U.S. Department of Housing and Urban Development today issued the HOME-ARP Implementing CPD Notice, Requirements for the Use of Funds in the HOME-American Rescue Plan Program (“the Notice”). The new HOME-ARP notice is a critical step taken by HUD to expeditiously allow communities to begin accessing funds from the nearly $5 billion funds allocated from the…
CDFI Fund: Public Comments Sought on CDFI Bond Guarantee Program Materials
The U.S. Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Pub. L. No. 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently,…
CDFI Fund: Virtual Public Meeting of the CDFI Fund’s Advisory Board Will Be Held on September 30th
In light of the recent White House announcement naming private-sector members of the Community Development Advisory Board (Advisory Board), the Community Development Financial Institutions Fund (CDFI Fund) is convening a meeting of the the Advisory Board from 3:30 to 5:00 p.m. Eastern Daylight Time on Thursday, September 30, 2021. This meeting will be conducted virtually. The function…
HUD: $51 Million Announced in Funding Opportunities for Housing Counseling Agencies
Notice published today allows HUD-approved housing counseling agencies and intermediaries to apply for funding to maintain and expand critical services for the nation’s renters, homebuyers, and homeowners. The U.S. Department of Housing and Urban Development’s (HUD) Office of Housing Counseling announced on Tuesday it is making $51 million in grants available through a Notice of Funding…
FHFA: Certain Portions of the 2021 Preferred Stock Purchase Agreements Suspended
Today, the Federal Housing Finance Agency (FHFA) and the U.S. Department of the Treasury (Treasury) suspended certain provisions added to the Preferred Stock Purchase Agreements (PSPAs) with Fannie Mae and Freddie Mac (the Enterprises) on January 14, 2021. “This suspension will provide FHFA time to review the extent to which these requirements are redundant or…