SBA: New Regional Innovation Cluster Funding Announced to Support Domestic Manufacturing
$7.5 Million Now Available to Support American Industry, Strengthen Supply Chains, and Bring Jobs Back Home In a major push to restore America’s industrial dominance, the U.S. Small Business Administration (SBA) has announced the availability of new Regional Innovation Cluster (RIC) funding of up to $7.5 million to support domestic manufacturers. 98% of American manufacturers are small…
FHFA: Allowable LIHTC Amount Doubled for Fannie Mae and Freddie Mac to Support Affordable Housing
Consistent with the One Big Beautiful Bill, U.S. Federal Housing Expands America’s Affordable Housing Supply in Rural and Underserved Communities Consistent with President Trump’s historic One Big Beautiful Bill, U.S. Federal Housing is expanding America’s affordable housing supply by doubling the amount that Fannie Mae and Freddie Mac can invest in safe and sound Low…
CDFI Fund: Certification Webinar Recordings on Customized Investment Areas and Affiliates Released
Earlier this month, the Community Development Financial Institution Fund’s (CDFI Fund) Office of Certification Policy and Evaluation (OCPE) hosted two webinars focused on Customized Investment Area Target Market types on July 10th and Affiliates on July 24th. The webinar recordings and presentation slides are now available on the CDFI Fund’s website. The Customized Investment Area webinar…
CDFI Fund: CDFI Certification Reapplication Window 2 Opening on July 7th through September 30th
Window 2, the second Application submission period and part of the Community Development Financial Institutions Fund’s (CDFI Fund) established General Reapplication Submission Deadlines, will be open from July 7, 2025, through September 30, 2025, at 11:59 p.m. ET. Beginning July 7th, organizations with fiscal years that end on December 31, 2024; February 28, 2025; or March 31, 2025, will have…
HUD: $1.3 million Provided to Support Youth Aging Out of Foster Care
Announcement is part of National Foster Care Month and Provides Youth with a Path to Housing Stability and Self-Sufficiency U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner today announced a $1.3 million dollar investment across 10 states under HUD’s Foster Youth to Independence (FYI) program to assist young Americans aging out of…
FEMA: $360 Million Made Available to Communities to Increase Number of Trained Firefighters and Keep Communities Safe
Additional $36 Million to be Made Available for Research to Improve Firefighter Health and Safety Under the leadership of President Trump, states and localities will be empowered to manage disasters and emergencies. These fire grant programs align with that vision by helping communities build the response capabilities they need to keep their citizens and communities safe….
HUD: More Than $10 Million Announced to House Families and Youth and Promote Self-Sufficiency
Funding Helps Keep Families Housed and Provides a Path to Housing Stability for Youth as part of National Foster Care Month Under the leadership of Secretary Scott Turner, the U.S. Department of Housing and Urban Development (HUD) awarded more than $10 million in Family Unification Program (FUP) voucher assistance funding for youth and families who…
HUD: More Than $1.1 Billion Announced for Affordable Housing in Tribal Communities
Today, U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced more than $1.1 billion in Indian Housing Block Grant (IHBG) funding for eligible Native American Tribes, Alaska Native Villages, and Tribally Designated Housing Entities (TDHEs) to carry out affordable housing activities in Indian Country. “From day one, HUD has been engaged on…
HUD: $1.8 Million Provided to Support Youth Aging Out of Foster Care
Assistance provided on anniversary of First Lady Melania Trump’s BE BEST initiative as part of National Foster Care Month and a continuation of HUD’s successful Foster Youth to Independence (FYI) program U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner, in collaboration with First Lady of the United States Melania Trump, today announced…
CDFI Fund: Acceptance of New Community Development Entity Certification Applications Will Pause on June 2, 2025
Beginning June 2, 2025, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) will pause acceptance of new applications for certification as a Community Development Entity (CDE). The CDFI Fund will implement this “blackout” period to allow the CDFI Fund to review and plan for possible policy and system improvements to streamline…