Investment

CDFI Fund: Application Demand for FY 2024 Round of CDFI Program and NACA Program Released

The application period for the fiscal year (FY) 2024 funding round for the Community Development Financial Institutions Fund’s (CDFI Fund) Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) closed on February 15, 2024. In total, 948 organizations from across the country requested a combined level of approximately $1.55…

HUD: Nearly $70 Million Invested to Empower Tribal Communities Across the Nation

Grant funding supports development of housing, infrastructure, and community facilities. Today the U.S. Department of Housing and Urban Development (HUD) announced the allocation of nearly $70 million to 38 Tribal communities through the Indian Community Development Block Grant (ICDBG) program to support the development of housing for families living on Indian reservations and in other…

HUD: $2.75 Million Awarded to Train and Equip Skilled Housing Counseling Professionals

Awards will increase access to professional and effective housing counseling services. The U.S. Department of Housing and Urban Development’s (HUD) Office of Housing Counseling announced today it has awarded $2.75 million in grants to seven nonprofit organizations to fund training and education for current and prospective HUD-certified housing counselors. “Our nation’s housing counselors are important…

HUD: $10 Million Made Available to Support New Homebuyers and Bridge Wealth Gap

First of its kind Notice of Funding Opportunity will support housing counseling services for prospective homebuyers in underserved communities. The U.S. Department of Housing and Urban Development’s (HUD) Office of Housing Counseling has announced that $10 million in grant funding is available to eligible HUD-approved housing counseling agencies. These agencies will use the funding to prepare and…

EDA: $2.7 Million Invested for Roadway and Wastewater Improvements to Support Business Growth in Floyd, VA

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2.7 million grant to the Economic Development Authority of Floyd County, Virginia, for roadway and wastewater infrastructure improvements to support business growth.  This grant will provide the infrastructure needed to support Phase 2 development of the Floyd Regional…

EDA: $2 Million Invested to Support Business Development and Job Growth in Newport, AR

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the city of Newport, Arkansas, to support business growth and job creation in the region.  This grant will support a building renovation project to create 14,500 square feet of new office space. This EDA…

HUD: Nearly $9 Million Announced to Support People Experiencing Homelessness in Florida through Disaster Recovery Program

Grants will be awarded to the state and six localities to support those living in an emergency shelter, transitional housing, or a place not meant for human habitation. The U.S. Department of Housing and Urban Development (HUD) awarded $8.7 million in Rapid Unsheltered Survivor Housing (RUSH) funding to the State of Florida and six localities…

HUD: New Funding Actions Announced to Support Affordability for Manufactured Homes and Communities

HUD launches a first-of-its-kind federal funding opportunity of $225 million, alongside financing enhancements, to support owners of manufactured homes, ensure affordability, and revitalize communities. The U.S. Department of Housing and Urban Development (HUD) is announcing today a sweeping set of new actions that will increase the availability and affordability of manufactured homes, through new opportunities…

FHFA: $301 Million Announced for Affordable Housing Programs

Funds disbursed to Housing Trust Fund and Capital Magnet Fund Today, the Federal Housing Finance Agency (FHFA) announced that the Housing Trust Fund and Capital Magnet Fund will receive approximately $301 million for affordable housing initiatives from Fannie Mae and Freddie Mac (the Enterprises). “Affordable housing is one of the greatest challenges facing communities across…

EDA: $5 Million Invested to Support Reconstruction of the Jonesboro Municipal Airport Terminal in Arkansas

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $5 million grant to the city of Jonesboro, Arkansas, for airport infrastructure improvements to support job creation and economic development in the region. This grant will support construction of a new terminal at the Jonesboro Municipal Airport, replacing…