Investment

CDFI Fund: Important Reminders for FY 2017 Capital Magnet Fund Applicants

As a reminder for prospective fiscal year (FY) 2017 Capital Magnet Fund applicants, the deadline for online submission of the SF-424 through Grants.gov for the FY 2017 Capital Magnet Fund round is July 28, 2017 at 11:59 p.m. Eastern Time (ET). The deadline for online submission of the application and required materials through the CDFI…

HUD: $2 Billion Available for Local Homeless Programs

WASHINGTON – In an effort to prevent and effectively end homelessness, the U.S. Department of Housing and Urban Development (HUD) is making $2 billion available to support thousands of local homeless assistance programs nationwide. Funded through the Continuum of Care (CoC) Homeless Assistance Program, HUD’s funding notice continues to encourage local applicants to use a Housing…

HUD: $127 Million to Protect Children and Families from Dangerous Lead and Other Home Hazards Awarded

WASHINGTON – In a continuous effort to keep families and their children safe from lead-based paint and other home health and safety hazards, the U.S. Department of Housing and Urban Development (HUD) today awarded more than $127 million to 48 state and local government agencies (see chart below). The grant funding announced today will reduce…

CDFI Fund: Application Demand for FY 2016 Round of BEA Program Released

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today the application data for the fiscal year (FY) 2016 round of its Bank Enterprise Award Program (BEA Program). A total of 116 applications were received requesting awards of over $146 million against the $19 million in Program Awards that are…

SBA: Nonprofit Organizations Receive Funding for Providing “Boots to Business” Entrepreneurship Training

WASHINGTON – The U.S. Small Business Administration has awarded a total of $2,324,100 to two nonprofit organizations providing “Boots to Business” entrepreneurship training to military service members, military spouses and veterans. This funding, offered by SBA’s Office of Veterans Business Development, will enable the two organizations to deliver Boots to Business—the entrepreneurship track of the Department…

CDFI Fund: 2017 NMTC Program Electronic Application Now Available

The electronic application for the 2017 round of the New Markets Tax Credit Program (NMTC Program) is available for applicants through their Awards Management Information System (AMIS) accounts. The Community Development Financial Institutions Fund (CDFI Fund) published the Notice of Allocation Availability for the 2017 round in the Federal Register on May 4, 2017. Community…

HUD: Trump Administration Proposes 2018 HUD Budget

WASHINGTON – The Trump Administration today announced the proposed 2018 Budget for the U.S. Department of Housing and Urban Development (HUD).  The Budget reflects the President’s commitment to support HUD’s critical functions that provide rental assistance to low-income and vulnerable households and to help work-eligible families achieve self-sufficiency. The President’s 2018 Budget continues to provide…