Investments & Funding

HUD: Rental Assistance Demonstration Conversion Closed in Albany, NY to Faciltate Creation and Rehabilitation of Affordable Rental Homes

HUD CLOSES RENTAL ASSISTANCE DEMONSTRATION (RAD) CONVERSION IN ALBANY, NY, TO FACILITATE CREATION AND REHABILITATION OF AFFORDABLE RENTAL HOMES $32 million transaction with the Albany Housing Authority will facilitate creation and preservation of 88 affordable rental homes in Steamboat Square Community. WASHINGTON, D.C. – The U.S. Department of Housing and Urban Development’s Office of Multifamily…

HUD: Rental Assistance Demonstration Conversion Closed in Boston, MA to Preserve 445 Affordable Rental Homes

$66 million transaction with Boston Housing Authority (BHA) preserves and rehabilitates 445 public housing homes as permanently affordable housing at Mission Main. The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing announced today that it recently closed a Rental Assistance Demonstration (RAD) transaction with the Boston Housing Authority (BHA) in Boston, MA,…

EDA: $3 Million Invested to Grow Skilled Healthcare Workforce in Southwestern Wyoming

Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to Western Wyoming Community College District, Rock Springs, Wyoming, to help diversify the economy by boosting the region’s healthcare workforce. The EDA project will renovate existing facilities and construct new educational spaces to support…

EDA: $2.4 Million Invested to Make Roadway Infrastructure Improvement in Support of Commerce in Eastern Ohio

Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.4 million grant to the County of Mahoning, Ohio, to support the Mahoning Avenue Industrial Corridor Upgrade project. The project will provide roadway upgrades, bridge replacements, drainage enhancements, and other necessary improvements to better position the corridor…

EDA: $640,994 Invested to Help Grow Seafood Industrial Park in Newport News, VA

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $640,994 grant to the city of Newport News, Virginia, to support preliminary studies and design at the Seafood Industrial Park located in Newport News’ SouthEast neighborhood. This project supports necessary preliminary engineering and environmental work, development of a site plan, as well…

EDA: $725,000 Invested to Boost Workforce Training Efforts in Ottumwa, IA

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $725,000 grant to Indian Hills Community College, Ottumwa, Iowa, to equip the college’s Career and Technical Education training facility at the Centerville campus. The EDA project will provide the equipment needed to facilitate effective training programs that will help meet regional demand for…

HUD: $24.7 Million Awarded to Provide Affordable Housing to Support Community Living for Non-Elderly People with Disabilities

Today, the U.S. Department of Housing and Urban Development (HUD) announced the award of $24.7 million to 98 local public housing authorities (PHAs) across the country to provide permanent affordable housing to non-elderly persons with disabilities. This award allows these PHAs to house up to 2,210 additional families, and further support community integration for persons with…

HUD: Over $9 Million Awarded to Public Housing Agencies for Jobs Plus Program

Awards will help bridge the wealth gap by connecting residents of public housing to employment and education The U.S. Department of Housing and Urban Development (HUD) today awarded over $9 million to 4 Public Housing Agencies (PHAs) to help families increase their earned income and improve their economic mobility through the Jobs Plus program. Jobs…

FEMA: Emergency Food and Shelter Program National Board Allocates $75 Million for Humanitarian Assistance

The Emergency Food and Shelter Program (EFSP) National Board voted on Thursday, Dec. 22, 2022, to allocate $38.9 million to 21 local governments and service organizations to assist with humanitarian needs related to migrant families and individuals encountered by the Department of Homeland Security at the U.S. southern border. With this step, all $75 million…

HUD: $4.4 Million in Choice Neighborhoods Planning Grants Announced

Grants will fund community-driven revitalization plans in high-poverty neighborhoods with distressed HUD-assisted housing. Today, U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge announced $4,409,000 in Choice Neighborhoods Planning Grants to nine communities across America. These grants of up to $500,000 each will bring together community partners to create comprehensive neighborhood revitalization…