HUD: Additional $652 Million Approved to Support Texas in Its Recovery from Hurricane Harvey
Action supports $5 Billion in disaster recovery already approved by HUD U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced HUD is approving an additional $652 million to support Texas in its recovery from Hurricane Harvey. The recovery plan HUD is approving today will further assist the state’s $5 billion HUD-funded…
HUD: FHA Pilot Program Expanded to Accelerate Financing of Low-Income Housing Tax Credit Projects
Action designed to speed production of critically needed affordable housing U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced a significant expansion of a Federal Housing Administration (FHA) pilot program that streamlines FHA mortgage insurance applications for affordable housing developments that have equity from the sale of Low-Income Housing Tax Credit (LIHTC) Program,…
EDA: $800,000 Invested to Establish a Business Incubator in the Town of Tabor City, NC
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $800,000 grant to the town of Tabor City, North Carolina, to renovate a historic building for use as a business incubator that will support business growth in the region. “We commend Tabor City on their strategy to help support local entrepreneurs,” said…
EDA: $3 Million Invested to Improve Access to the Philadelphia Navy Yards Business Campus
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the Philadelphia Authority for Industrial Development, Philadelphia, Pennsylvania, to make critical infrastructure improvements needed to ease access to the Philadelphia Navy Yards business campus. According to grantee estimates, the project is expected to…
HUD: $10 Million in “Sweat Equity” Grants Announced
SHOP grants enable homeownership opportunities for 539 families The U.S. Department of Housing and Urban Development (HUD) today awarded $10 million in “sweat equity” grants to support four non-profit, self-help housing organizations that enable homeownership opportunities for hard-working, low-income families and individuals. Funded through HUD’s Self-Help Homeownership Opportunity Program (SHOP), the grants awarded today, along with…
HUD: $74 Million Awarded to Help Families Reach Self-Sufficiency
Federal funding to support education and employment among HUD-assisted families U.S. Housing and Urban Development (HUD) Secretary Ben Carson today awarded $74 million to hundreds of public housing authorities across the country to continue helping public housing residents participating in the Housing Choice Voucher Program and/or reside in public housing to increase their earned income…
EDA: $1.8 Million Invested to Expand the Peachtree Corners Technology Incubator in Peachtree Corners, GA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.8 million grant to the city of Peachtree Corners, Georgia, to help expand the Peachtree Corners Technology Incubator in the wake of Hurricane Irma. According to grantee estimates, the project is expected to create 143 jobs, retain…
EDA: $982,800 Invested to Establish Food Entrepreneurship Incubator Facility in Downtown Rochester, NY
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $982,800 grant to the Rochester Downtown Development Corporation of Rochester, New York, to renovate a portion of the Sibley Building for use as a shared-use commercial kitchen that will support local food entrepreneurs. According to grantee estimates, the project is expected to…
EDA: $2.3 Million Invested to Provide Critical Water Infrastructure Upgrades in Bourne, MA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.3 million grant to the town of Bourne, Massachusetts, to construct a new waste water treatment plant. According to grantee estimates, the project is expected to create 30 jobs, retain 183 jobs and spur $18.3 million in…