HUD: Availabilty of More Than $180 Million in COVID-19 Supplemental Funding for Multifamily Property Owners Participating in Assisted Housing Programs Announced
New application period allows owners of multifamily housing for low-income elderly, persons with disabilities, and Section 8 contracts to apply for funds to cover costs to prevent and respond to COVID-19 The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs announced on Thursday that it is opening a new application period for…
HUD: Upcoming HUD-Held Single Family Note Sale Emphasizes Nonprofit Participation
Competitive bid sale provides priority bidding to nonprofit organizations and units of state and local government. The U.S. Department of Housing and Urban Development’s Office of Asset Sales announced on Thursday that it will conduct a competitive bid HUD-held vacant note sale (HVLS 2022-1) on November 10, 2021. The sale will include approximately 1,730 reverse mortgage…
FDIC: Mission-Driven Bank Fund Launched
$120 million pledged to support Minority Depository Institutions and CDFIs The Federal Deposit Insurance Corporation (FDIC) today announced the launch of a new Mission-Driven Bank Fund, a capital investment vehicle being developed by the FDIC to support insured Minority Depository Institutions (MDIs) and Community Development Financial Institutions (CDFIs). As anchor investors, Microsoft and Truist Financial Corporation…
EDA: $16 Million Invested to Construct a Disaster Preparedness, Recovery Education, and Training Center in San Juan, Puerto Rico
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $16 million grant to Ecoexploratorio, Inc., San Juan, Puerto Rico, to construct a disaster preparedness, recovery education, and training center and ensure continuity of operations during natural disasters. This EDA grant will be matched with $4…
EDA: $5.1 Million Invested for Infrastructure Improvements at the Port of Hueneme, CA
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $5.1 million grant to the Oxnard Harbor District, Port Hueneme, California, for infrastructure improvements needed to maximize utilization of the facility. This EDA project, to be matched with $1.3 million in local funds, is expected to…
EDA: $2.8 Million Invested to Expand Broadband Access in Paso Robles, CA
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.8 million grant to the city of Paso Robles, California, to install fiber optic cable to expand broadband access and increase reliability. This EDA project will be matched with $707,489 in local funds. “President Biden is…
EDA: $2.4 Million Invested to Support Roadway Infrastructure in Fairfield and Cleburne to Boost Business Growth in Texas
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is investing $2.4 million in the state of Texas to make critical roadway improvements needed to support current and future business needs. “President Biden is committed to ensuring that the United States once again leads the world across the…
EDA: $2.3 Million Invested to Build Critical Infrastructure in Support of a New Healthcare Facility in Woodruff, SC
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.3 million grant to the city of Woodruff, South Carolina, to construct sewer infrastructure in support of a new regional healthcare facility. This EDA project, to be matched with $570,980 in local funds, is expected to…
EDA: $2 Million in CARES Act Recovery Assistance Invested to Support Broadband Infrastructure in Little River County, AR
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million CARES Act Recovery Assistance grant to Little River County, Arkansas, to construct fiber optic cable lines to support broadband infrastructure. This EDA grant will be matched with $500,000 in local funds. “President Biden is…
EDA: $2 Million Invested to Improve Natural Gas Infrastructure and Support Local Businesses in Warner Robins, GA
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the city of Warner Robins, Georgia, to provide natural gas infrastructure improvements, helping local businesses to expand. This EDA project, to be matched with $4.6 million in local funds, is expected to…