HUD: New High-Speed Internet Guide Highlights Unprecedented Funding to Support Underserved Communities
Today, the U.S. Department of Housing and Urban Development announced a new guidebook for states and organizations to consider when deploying high-speed Internet service projects. The guide will help Public Housing Authorities, Multifamily Owners and Operators, and Tribes understand the mechanics of these two programs and the role they can play in ensuring that funds come to…
HUD: $6 Million Awarded to Improve the Safety and Health of Homes of Low-Income Families
Funds will reduce risks from radon and other hazards in homes The U.S. Department of Housing and Urban Development (HUD) today awarded nearly $6 million to public housing agencies and a state housing authority to protect children and families from housing-related hazards, including radon exposure. HUD is awarding 10 grants to public housing agencies under…
HUD: Overhaul of Disaster Recovery Program Announced to Better Deliver for Impacted Communities
Announcement includes the creation of a new HUD office focusing on disaster recovery and $3.3 billion to help communities across the country recover, build resilience Today, the U.S. Department of Housing and Urban Development (HUD) announced an overhaul of the agency’s disaster recovery efforts to better serve communities who face the direct impacts of weather-related…
CDFI Fund: Public Comments Requested on Community Development Entity Certification Application
The U.S. Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the Community Development Financial Institutions Fund (CDFI Fund), U.S….
CDFI Fund: Application Demand for CY 2022 Round of NMTC Program Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that it received 197 applications for the calendar year (CY) 2022 round of the New Markets Tax Credit Program (NMTC Program). The NMTC Program advances economic development in economically distressed communities by making tax credit allocations available to Community Development…
EDA: $2 Million Invested to Support Educational Training for Advance Manufacturing in Central Wisconsin
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to Mid-State Technical College, Wisconsin Rapids, Wisconsin, to support the development of the College’s Advanced Manufacturing, Engineering Technology and Apprenticeship (AMETA) Center. Located on the College’s Stevens Point campus, the AMETA will provide the…
CDFI Fund: Annual Compliance, Certification and Reporting Obligations Reminder
Are you the Authorized Representative of an organization that has received a Community Development Financial Institutions Fund Award (CDFI Fund) Award and/or Allocation? If so, don’t forget that in order to maintain compliance with your Assistance and/or Allocation Agreement(s) you must complete and submit the annual compliance report(s) as specified in your agreement(s). Failure to…
CDFI Fund: Upcoming Deadlines for FY 2023 Capital Magnet Fund Round Applicants
As a reminder for fiscal year (FY) 2023 Capital Magnet Fund applicants, the deadline to submit the complete FY 2023 Capital Magnet Fund Application through the Awards Management Information System (AMIS) is March 21, 2023 at 11:59 p.m. Eastern Time (ET). To ensure a successful application submission, the Community Development Financial Institutions Fund (CDFI Fund) encourages…
SBA: DoD and SBA Sign Joint Agreement to Drive Investment to U.S. Critical Technologies at South by Southwest Festival in Austin
Today, the U.S. Small Business Administration (SBA) and the U.S. Department of Defense (DoD) announced that on Friday, March 10, they intend to sign a historic Memorandum of Agreement at the South by Southwest (SXSW) festival in Austin, Texas. This agreement establishes the framework for DoD’s newly established Office of Strategic Capital (OSC) and the SBA’s Office of…
HUD: $96.5 Million Rental Assistance Demonstration Conversion Transactions Closed to Preserve and Rehabilitate 500 Senior Homes in Chicago, IL
Chicago Housing Authority leverages RAD to support rehabilitation of affordable rental homes at two properties for seniors. The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing is announcing today it recently closed two Rental Assistance Demonstration (RAD) transactions with the Chicago Housing Authority (CHA) to finance the rehabilitation of affordable rental homes…