Investment

HUD: Choice Neighborhoods Planning Grants Awarded

The U.S. Department of Housing and Urban Development (HUD) today awarded nearly $5 million to six communities to help create plans to redevelop severely distressed HUD assisted housing and revitalize neighborhoods. Funded through HUD’s Choice Neighborhoods Initiative, these grants will help local leaders to craft comprehensive, homegrown plans to revitalize and transform these neighborhoods. HUD’s…

CDFI Fund: Important Reminders for FY 2018 CDFI Program and NACA Program Round Applicants

As a reminder for fiscal year (FY) 2018 Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) applicants, the deadline for online submission of the SF-424 through Grants.gov for this year’s CDFI Program and NACA Program funding rounds is Friday, March 2, 2018 at 11:59 PM ET. The deadline…

HUD: $35 Million Awarded to Promote Jobs, Self-Sufficiency for Public Housing Residents

In an effort to help low-income residents become self-sufficient, the U.S. Department of Housing and Urban Development (HUD) today awarded $34.9 million to public housing authorities, public housing resident associations, Native American tribes, and non-profit organizations across the nation to hire or retain service coordinators to help them find jobs, educational opportunities, and achieve economic…

CDFI Fund: $3.5 Billion in New Market Tax Credits Awarded to Spur Economic Growth Nationwide

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 73 Community Development Entities (CDEs) $3.5 billion in New Markets Tax Credits today. The tax credit allocation awards, made through the calendar year (CY) 2017 round of the New Markets Tax Credit Program (NMTC Program), will help stimulate investment and economic…

HUD: $243 Million in Grants Awarded to Help U.S. Virgin Islands Recover from Hurricanes

The U.S. Department of Housing and Urban Development (HUD) today awarded $242.7 million to help the U.S. Virgin Islands to recover from Hurricanes Irma and Maria. HUD’s Deputy Secretary Pamela Hughes Patenaude announced the disaster recovery grants with Governor Kenneth E. Mapp during a tour of damaged homes in St. Thomas. These recovery funds awarded…

HUD: $1.5 Billion Awarded to Help Puerto Rico Recover from Hurricanes Irma and Maria

Disaster recovery funds to help repair damaged housing and businesses WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today awarded more than $1.5 billion to help Puerto Rico to recover from Hurricanes Irma and Maria. HUD’s Deputy Secretary Pamela Hughes Patenaude announced the disaster recovery grants with Governor Ricardo Rosselló during her…

HUD: $25 Million Offered to Clean Up Dangerous Lead in Public Housing

Funding to make low-income housing lead safe The U.S. Department of Housing and Urban Development (HUD) is offering $25 million in grants to identify and eliminate lead-based paint hazards in public housing. Read HUD’s Notice of Funding Availability (NOFA). These funds are offered through HUD’s Public and Indian Housing Lead-Based Paint Capital Fund Program. This…

CDFI Fund: FY 2018 Round CDFI Bond Guarantee Application Deadline Extended to February 16, 2018

On November 2, 2017, the Community Development Financial Institutions Fund (CDFI Fund) announced in a Notice of Guarantee Availability (NOGA) for the CDFI Bond Guarantee Program that the deadline for submitting a fiscal year (FY) 2018 Guarantee Application was 11:59 p.m. Eastern Standard Time (EST) on January 23, 2018. In anticipation of the publication of…

FEMA: Draft National Mitigation Investment Strategy Released for Public Comment

Hazard Mitigation Report Shows Benefits of Mitigation Strategies Following a report released today by the National Institute of Building Sciences that found, on average, every $1 spent on federally funded hazard mitigation grants saves $6 in future disaster costs, FEMA released the draft National Mitigation Investment Strategy for public comment. The draft National Mitigation Investment…

HUD: Record $2 Billion Awarded to Thousands of Local Homeless Assistance Programs Across U.S.

The U.S. Department of Housing and Urban Development today awarded a record $2 billion to support more than 7,300 local homeless assistance programs across the nation. HUD’s Continuum of Care grants provide critically needed support to local programs on the front lines of serving individuals and families experiencing homelessness. View a complete list of all…