Investment

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…

EDA: $2 Million Invested to Support Business Growth in Lubbock, TX

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the Lubbock Reese Redevelopment Authority in Lubbock, Texas, for infrastructure improvements to support future business growth in a new business park. This grant will support construction of a new business park with an emphasis…

HUD: Nearly $4 Million Awarded to Study Innovative Ways to Boost Housing Supply Including Office-to-Residential Conversions

Funds will fill critical knowledge gaps, help local leaders leverage off-site construction, land use and zoning reforms, and office-to-residential conversions to meet their housing needs. The U.S. Department of Housing and Urban Development (HUD) announced nearly $4 million in awards to eleven grantees to support research that will fill crucial knowledge gaps and help build…

CDFI Fund: Public Comments Sought on NMTC Program Allocation Application

The U.S. Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Pub. L. No. 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently, the…

CDFI Fund: CDFI Bond Guarantee Program Application Period for FY 2024 Now Open

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2024 application period for the CDFI Bond Guarantee Program. A total of up to $500 million in bond guarantee authority is available for Eligible Community Development Financial Institutions (Eligible CDFIs) in FY 2024. Through the CDFI…

HUD: $73.5 Million Awarded to Make Housing Safe, More Efficient and Climate Resilient for Low-Income Americans

Grants and Loans from the Inflation Reduction Act Support Clean Energy and Climate Resilience Upgrades for Nearly 1,400 Low-Income Families Today, the U.S. Department of Housing and Urban Development (HUD) announced it is awarding $73.5 million in new loans and grants under the Green and Resilient Retrofit Program (GRRP) to support extensive energy efficiency and climate resilience…

HUD: $115 Million Available to Support Housing for Seniors

Deputy Secretary Todman announced the funds in Philadelphia, PA as a part of the Biden-Harris Administration’s “Investing in America” tour, aiming to create and improve affordable rental homes for elderly Americans. Today, as a part of the Biden-Harris Administration’s “Investing in America” tour, U.S. Department of Housing and Urban Development (HUD) Deputy Secretary Adrianne Todman…

SBA: Funding Competition Announced for Organizations Providing Entrepreneurship Training to Women Veterans

Awards Aim to Help Women Transition from Service to Entrepreneurship The U.S. Small Business Administration today announced that non-profit organizations and private sector firms are now eligible to compete for funding of up to $300,000 to deliver entrepreneurship training to women veterans. The application period begins today and continues through March 21, 2024.  Up to six grantees…

SBA: Updated Equity Action Plan Unveiled to Advance Commitment to Investing in Equity

Updates Focus on Providing Access to Capital and Entrepreneurial Support Services, Creating Economic Opportunities, and Advancing our National Economy Today,  Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses and startups, announced the SBA’s updated 2023 Equity Action Plan outlining actionable steps the…