CDFI Fund: Application Demand Released for FY 2022 Round of Small Dollar Loan Program
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the application data for the fiscal year (FY) 2022 round of its Small Dollar Loan Program (SDL Program). The SDL Program is intended to expand consumer access to financial institutions by providing alternatives to high cost small dollar lending. Up…
HUD: Allocation Strategy and Program Requirements Released for New Stability Vouchers
Stability Vouchers Will Incentivize Public Housing Agencies to Partner with Communities to Address Unsheltered Homelessness and Homelessness in Rural Areas The U.S. Department of Housing and Urban Development (HUD) today issued a notice that explains the department’s non-competitive allocation strategy and program requirements for the new Stability Vouchers. Under the program, HUD will award up…
HUD: $41.3 Million in Housing Counseling Grants Awarded
Awards provide second-year funding for vital housing counseling services and ongoing support for professional development for the nation’s housing counselors The U.S. Department of Housing and Urban Development’s (HUD) Office of Housing Counseling is announcing today that it has awarded $41.3 million in grants to support the vital services performed by the nation’s housing counselors. The awards…
SBA: Improved Surety Bond Process Announced to Provide Streamlined Support for Local Infrastructure Contractors
Improvements are expected to increase and speed access to opportunities related to Infrastructure Investment and Jobs Act The U. S. Small Business Administration (SBA) announced changes today to streamline the submission of Work-in-Process (WIP) information small businesses provide when receiving bonding support through the Surety Bond Guarantee (SBG) Prior Approval Program. Surety bonding is required for any business to bid on…
EDA: Over $28 Million in American Rescue Plan Funds and CARES Act Recovery Assistance Invested Last Week
Last week, the following grants were made under the American Rescue Plan Funds and CARES Act Recovery Assistance programs: August 23, 2022 – U.S. Department of Commerce Invests $4.9 Million in American Rescue Plan Funds to Support Business Development in South Amboy, New Jersey August 23, 2022 – U.S. Department of Commerce Invests $4.5 Million in CARES…
HUD: $25 Million Awarded to Stabilize Public Housing Agencies Facing Financial Shortfalls
The U.S. Department of Housing and Urban Development (HUD) today awarded $25 million to 181 public housing agencies (PHAs) experiencing or at risk of experiencing financial shortfalls. This Public Housing Operating Fund Shortfall funding, provided by the Fiscal Year 2022 Consolidated Appropriations Act, will enable PHAs to continue serving residents as they take steps to…
SBA: Grant Awardees Announced for New Pilot Program to Bolster Cybersecurity Infrastructure for Emerging Small Businesses
Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 33 million small businesses in President Biden’s Cabinet, announced nearly $3 million in new funding for three state delegates to help emerging small businesses develop their cybersecurity infrastructure. Arkansas, Maryland, and South Dakota representatives are receiving grants that will…
EDA: $13.5 Million Announced to Support U.S. Manufacturers
Today, U.S. Secretary of Commerce Gina Raimondo announced $13.5 million in U.S. Economic Development Administration (EDA) grants to support 11 Trade Adjustment Assistance Centers (TAACs) that help manufacturers affected by imports adjust to increasing global competition and to create jobs. The TAACs, which each service multiple states, are located in California, Colorado, Georgia, Illinois, Massachusetts,…
EDA: $3.5 Million Invested for Wastewater System Upgrades to Support Diversified Business Growth in Londonderry Township, PA
oday, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $3.5 million grant to the Derry Township Municipal Authority, Hershey, Pennsylvania, to boost business and job growth in the region by upgrading the Southwest Wastewater Treatment Plant in Londonderry Township. This project will help attract new businesses to…
EDA: $1.8 Million Invested to Help Establish New STEM Education Training Facility in Woodbine, IA
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.8 million grant to IGNITE Pathways, Woodbine, Iowa, to provide equipment for a state-of-the-art STEM career and technical educational training facility. This EDA project supports the launch of IGNITE Pathways Technical School, which will serve as a…