SBA: Actions Taken to Safeguard Integrity of HUBZone Program
SBA Decertifies Firms Found to Have Misused Contracting Programs for Underserved Communities Today, U.S. Small Business Administration (SBA) announced continuing measures to root out abuse and fortify the integrity of the HUBZone program. Today’s announcement follows an SBA internal investigation resulting from improved processes and compliance controls that uncovered multiple firms misusing the HUBZone program. In response,…
HUD: $60 Million Awarded to Address Youth Homelessness in 16 Communities
Federal funding fuels housing solutions for vulnerable youth. The U.S. Department of Housing and Urban Development (HUD) awarded today $60.3 million to build systems to end youth homelessness in 16 communities across the country, including four rural communities. The funding was awarded through HUD’s Youth Homelessness Demonstration Program (YHDP) to support a wide range of…
HUD: $50 Million Funding Opportunity Announced to Provide Stable Housing to People with HIV and Their Families
The U.S. Department of Housing and Urban Development (HUD) is announcing $50 million in competitive funding available for Housing Opportunities for Persons With AIDS (HOPWA). The funding will be available to local governments, states, and nonprofit organizations via the HOPWA: Housing Interventions (HINT) to End the HIV Epidemic program. Achieving and maintaining stable housing can…
Agencies Extend Favorable CRA Consideration for Revitalization Activities in Puerto Rico and U.S. Virgin islands Affected by Hurricane Maria
The federal bank regulatory agencies today announced they are extending the period for giving favorable consideration under their Community Reinvestment Act (CRA) regulations to institutions located outside of Puerto Rico and the U.S. Virgin Islands, for bank activities that continue to help revitalize or stabilize these areas devastated by Hurricane Maria. The agencies have determined…
CDFI Fund: $70 Million Awarded to Banks through BEA Awards to Increase Investment in Severely Distressed Communities
Recipients Collectively Increased Lending and Services to Nation’s Most Distressed Areas by over $970 million The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today $70 million in awards to 184 FDIC-insured banks, through the fiscal year (FY) 2023 round of the Bank Enterprise Award Program (BEA Program), for increasing…
HUD: Nearly $30 Million Awarded to Local HIV/AIDS Housing Programs
Funding offers stable housing for individuals and families at risk of homelessness. The Office of HIV/AIDS Housing under the U.S. Department of Housing and Urban Development (HUD) has announced the allocation of $29,661,629 for Housing Opportunities for Persons With AIDS (HOPWA) Permanent Supportive Housing (PSH) Renewal and Replacement Grants. These grants assist with tenant-based rental…
EDA: $3 Million Invested to Support Manufacturing and Industrial Service Workforce Development Efforts in Scooba, MS
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to East Mississippi Community College in Scooba, Mississippi, to construct a new industrial training facility on campus. This grant will help prepare students for careers in the manufacturing and industrial service sectors, including electrical technology,…
EDA: $2 Million Invested to Support Business Expansion Efforts in Genesee County, MI
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to Mundy Township, Michigan, for water, sewer, and road infrastructure upgrades in an industrial commercial corridor. This project will support existing manufacturing businesses, attract new private investment, and create jobs in healthcare, manufacturing, and technology…
EDA: $1.75 Million Invested to Expand Agribusiness Sector in Cass County, IN
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.8 million grant to Cass County, Indiana, for road infrastructure upgrades at the Cass County Agribusiness Park. This project will increase business operations and provide continued industrial growth in a region impacted by changes in the energy…
EDA: $1.4 Million Invested to Expand Job Training Programs for Cherokee Nation Tribal Members in Oklahoma
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.4 million grant to the Cherokee Nation in Tahlequah, Oklahoma, to provide expanded skilled employment training services to Tribal members. This grant will expand the Tribe’s building trade, lineman, and fiber technician training programs and will help Tribal…