CDFI Fund: CDFI Equitable Recovery Program Supplemental FAQs Webinar Scheduled for August 25th
The CDFI Fund will be conducting a live CDFI ERP Supplemental FAQs webinar to inform Applicants about the FY 2022 CDFI Equitable Recovery Program (CDFI ERP) Application. This webinar will be held to discuss updates to the Application FAQs, available new materials, and to take any additional questions. The CDFI ERP Supplemental FAQ’s are available now on…
EDA: $3.5 Million Invested for Wastewater System Upgrades to Support Diversified Business Growth in Londonderry Township, PA
oday, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $3.5 million grant to the Derry Township Municipal Authority, Hershey, Pennsylvania, to boost business and job growth in the region by upgrading the Southwest Wastewater Treatment Plant in Londonderry Township. This project will help attract new businesses to…
EDA: $1.8 Million Invested to Help Establish New STEM Education Training Facility in Woodbine, IA
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 IGNITE Pathways, Woodbine, Iowa, to provide equipment for a state-of-the-art STEM career and technical educational training facility. This EDA project supports the launch of IGNITE Pathways Technical School, which will serve as a…
EDA: Over $54 Million in American Rescue Plan Funds Invested Last Week
Last week, the following grants were made under the American Rescue Plan Funds program: August 16, 2022 – U.S. Department of Commerce Invests $6.4 Million in American Rescue Plan Funds to Develop a New Business Facility in Duffield, Virginia August 16, 2022 – U.S. Department of Commerce Invests $4.5 Million in American Rescue Plan Funds for Wastewater…
HUD: $34 Million Loan Guarantee Awarded to Cincinnati, OH for Affordable Housing
The U.S. Department of Housing and Urban Development (HUD) today announced a $34 million loan guarantee for Cincinnati, Ohio for the Affordable Housing Loan Fund Project to spur the creation of more affordable housing. This upfront source of financing, awarded through HUD’s Section 108 Loan Guarantee Program (Section 108) program, is the lynchpin of the…
HUD: $41 Million Awarded to Boost Local Affordable Housing and Community Development Efforts
The U.S. Department of Housing and Urban Development (HUD) announced today that it will make available $41 million for local affordable housing and community development activities that benefit people with low-incomes. The funding is being awarded through HUD’s Capacity Building for Affordable Housing and Community Development program, also known as Section 4. “President Biden’s top…
FHFA: 2023-2024 Multifamily Housing Goals Proposed for Fannie Mae and Freddie Mac
Today, the Federal Housing Finance Agency (FHFA) proposed new benchmark levels for the multifamily housing goals for Fannie Mae and Freddie Mac (the Enterprises) for 2023 and 2024. The rule proposes a new methodology for measuring the Enterprise multifamily housing goals. Rather than measuring the multifamily housing goals based on a number of units, the proposed rule would use…
Federal Reserve: Board Provides Additional Information for Banks on Crypto-Asset-Related Activities
The Federal Reserve Board on Tuesday provided additional information for banking organizations engaging or seeking to engage in crypto-asset-related activities. The emerging crypto-asset sector presents potential opportunities to banking organizations, their customers, and the overall financial system; however, crypto-asset-related activities may also pose risks related to safety and soundness, consumer protection, and financial stability. The…
EDA: Grantees Announced Under 2022 University Center Competition
26 Colleges and Universities in EDA’s Atlanta and Seattle Regions to Host EDA University Center Economic Development Technical Assistance Programs; Nearly One-Third of Selected Institutions Are Minority Serving U.S. Secretary of Commerce Gina Raimondo today announced the grantees of the U.S. Economic Development Administration’s (EDA) 2022 University Center Economic Development Program Competition. EDA is providing…
FEMA: More than $3 Billion in Funding for Two FEMA Programs Announced to Increase Climate Resilience Nationwide
Today, Homeland Security Secretary Alejandro N. Mayorkas, FEMA Administrator Deanne Criswell and White House Infrastructure Coordinator and Senior Advisor to the President Mitch Landrieu, announced that FEMA is making funding available for two resilience grant programs for more than $3 billion to help communities become more resilient to climate change and associated extreme weather events and other…