HUD: Remaining $2.96 Billion in CAREs Act Funding Provided for Homeless Populations Amid Coronavirus Recovery
$4 Billion total in Emergency Solutions Grants (ESG) targeted toward communities with high homeless populations or individuals at risk of becoming homeless U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced the allocation of $2.96 billion in Emergency Solutions Grants (ESG) funding to support homeless Americans and individuals at risk of…
HUD: Celebrating National Homeownership Month 2020
President Trump issues Proclamation establishing June as National Homeownership Month This week, the U.S. Department of Housing and Urban Development (HUD) marks the beginning of Homeownership Month 2020 – a time of year when HUD, the Federal Housing Administration (FHA) and others recognize the importance of homeownership and its impact upon the lives of American…
HUD: New Grants Announced for Foster Youth to Independence Program
Nine States to Receive Nearly $100,000 in Vouchers, Brining Total to Over 600 Vouchers Since Inception U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced nearly $100,000 in the most recent round of grants for HUD’s Foster Youth to Independence (FYI) Initiative. Since the initiative was launched in June of 2019,…
SBA: Joint Statement Regarding Enactment of the Paycheck Protection Program Flexibility Act
SBA Administrator Jovita Carranza and U.S. Treasury Secretary Steven T. Mnuchin issued the following statement today following the enactment of the Paycheck Protection Program (PPP) Flexibility Act: “We want to thank President Trump for his leadership and commend Leader McConnell, Leader Schumer, Speaker Pelosi, and Leader McCarthy for working on a bipartisan basis to pass this legislation for small businesses participating in the…
Federal Reserve: Main Street Lending Program Expanded to Allow More Small- and Medium-Sized Businesses to Receive Support
The Federal Reserve Board on Monday expanded its Main Street Lending Program to allow more small and medium-sized businesses to be able to receive support. The Board lowered the minimum loan amount, raised the maximum loan limit, adjusted the principal repayment schedule to begin after two years, and extended the term to five years, providing…
EDA: $500,00 Invested to Develop Plan to Grow Disaster Resilient Economy in New Orleans, LA Opportunity Zones
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $500,000 grant to Northeastern University, Boston Massachusetts, to develop a resilience-based strategy for economic development for three Tax Cuts and Jobs ActOpportunity Zone located in East New Orleans, Louisiana. The strategy will serve as a footprint for leveraging private investment and encouraging economic diversification….
EDA: $500,000 Invested to Support Growth of the Manufacturing and Construction Sectors Near Opportunity Zone in Albuquerque, NM
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $500,000 grant to DreamSpring of Albuquerque, New Mexico, to support the rollout of its Expreso loan program, which will provide a new financial product to assist businesses in New Mexico and Texas. The EDA grant, to be located near a Tax Cuts and…
CDFI Fund: Comments Sought on CDFI Equity Investment Award Policy
The Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund) requests comments from the public to gain a better understanding of how Community Development Financial Institutions (CDFIs) treat equity investments in their organizations to help inform policy decisions regarding the CDFI Fund’s management and oversight of its investment portfolio. Through the Community Development Financial Institutions…
HUD: National Healthy Homes Month Kicks Off
This year’s theme, “Healthy Housing for All” highlights the importance of safe and healthy living in your home, no matter your address. As families continue largely to shelter in place due to the coronavirus pandemic, the observance of June as National Healthy Homes Month is timely. Sponsored by the U.S. Department of Housing and Urban…
Federal Reserve: Announcing the Puerto Rico Nonprofit Leadership Development Initiative
The Puerto Rico Nonprofit Capacity Building Network, a collaboration among Enterprise Community Partners (Enterprise), NeighborWorks America (NeighborWorks) and Fundación Comunitaria de Puerto Rico (FCPR), today announced the six Puerto Rico nonprofits selected for the inaugural cohort of the Puerto Rico Leadership Development Initiative. The six nonprofits, representing all major regions across the island, will each receive a $35,000 grant, technical assistance, one-to-one staff mentoring, peer learning…