EDA: $1.4 Million Invested to Support Industrial Park Development and Economic Resiliency in Kleberg County, TX
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.4 million grant to Kleberg County, Texas, to boost industrial business growth in response to recent natural disasters. This grant will advance the development of a new industrial park and transportation hub. This EDA investment will be matched…
EDA: $790,000 Invested to Support Tribal Disaster Recovery and Resiliency in Perkins, OK
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $790,000 grant to the Iowa Tribe of Oklahoma in Perkins, Oklahoma, to help develop and implement disaster recovery and resiliency strategies. This grant will support the Iowa Tribe of Oklahoma and tribal partners across the state by providing technical assistance to establish…
EDA: $500,000 Invested to Support Entrepreneurship on Maryland’s Eastern Shore
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $500,000 grant to Eastern Shore Entrepreneurship Center in Easton, Maryland, to purchase, position, and equip two modular laboratories. This grant will support the F3 Tech Agbiotech Bioreactors and Lab Equipment project, which will include two large-capacity bioreactors and related lab equipment. This…
HUD: Over $469 Million Made Available to Protect Families from Home Health and Safety Hazards
Funding will assist communities’ efforts to protect vulnerable residents by making improvements to older housing to eliminate housing-related health and safety hazards. Today, the U.S. Department of Housing and Urban Development (HUD) announced the Lead Hazard Reduction Grant Program’s Notice of Funding Opportunity (NOFO) that makes over $469 million in grants available to state and…
CDFI Fund: Revisions to Capital Magnet Fund Interim Rule Published
Comments due to the CDFI Fund by August 26, 2024 The U.S. Department of the Treasury is issuing a revised Interim Rule for the Capital Magnet Fund (CMF), administered by the Community Development Financial Institutions Fund (CDFI Fund). Changes incorporated by the revised Interim Rule include, among other things: This revised Interim Rule also reflects…
HUD: $18.7 Million Transaction Closed to Preserve Affordable Rental Homes for Pittsburgh Families
Today, the U.S. Department of Housing and Urban Development’s Office of Multifamily Housing Programs announced the recent completion of a Rental Assistance Demonstration (RAD) transaction with the Housing Authority of the City of Pittsburgh (HACP). The transaction will enable the city of Pittsburgh to rehabilitate and preserve nearly 90 affordable rental homes at Manchester Commons,…
SBA: Over $1 Million Invested to Expand Support for Veteran Entrepreneurs
Organizations to Provide Critical Training and Counseling for Startups and Existing Small Businesses Today, the U.S. Small Business Administration (SBA) announced over $1 million in new funding to provide critical training and counseling to aspiring and existing veteran small business owners as a Veterans Business Outreach Center (VBOC). The new funding opportunity will make awards of up to $400,000 to…
HUD: $10 Million Awarded to Public Housing Agencies to Protect Residents
Grants provided through Capital Fund Emergency Safety and Security Program will support crime prevention, smoke detectors, fire alarms and other security measures. To help keep residents safe in their homes, today, the U.S. Department of Housing and Urban Development (HUD) announced that it will award $10 million to 65 Public Housing Agencies (PHAs) in 32…
FHFA: Input Requested on Application Process for Federal Home Loan Bank Affordable Housing Program
The Federal Housing Finance Agency (FHFA) today issued a Request for Input (RFI) on opportunities to improve the Federal Home Loan Banks’ (FHLBanks) processes for members and project sponsors to apply for Affordable Housing Program (AHP) funding. “FHFA’s efforts to streamline the AHP application process should improve the FHLBanks’ ability to provide much needed funding…
EDA: $3 Million Invested to Expand Workforce Training Opportunities in Pryor, OK
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to Oklahoma Ordnance Works Authority, Pryor, Oklahoma, to expand workforce training programs. This grant will support the construction of new classroom and laboratory space and the procurement of related equipment at the MidAmerica Center of…