Investment

CDFI Fund: Application Demand Released for FY 2023 Round of BEA Program

Nearly $1.05 Billion in Increased Investments, Lending and Services in Highly Distressed Communities and to CDFIs 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) 2023 round of its Bank Enterprise Award Program (BEA Program). A total of 189 applications were…

HUD: $40 Million Choice Neighborhoods Implementation Grant Awarded to Miami-Dade County, FL

Miami-Dade County will redevelop Cutler Manor and the Goulds neighborhood Today, U.S. Department of Housing and Urban Development (HUD) Assistant Deputy Secretary for Field Policy and Management Michele Perez announced the awarding of Choice Neighborhoods Implementation (CNI) grant for $40 million to the Miami-Dade County to redevelop Cutler Manor in the Goulds area. Assistant Deputy…

HUD: $50 Million Choice Neighborhoods Implementation Grant Awarded to Tucson, AZ

The City of Tucson will redevelop Tucson House and the entire Thrive in the 05 neighborhood Today, U.S. Department of Housing and Urban Development (HUD) Principal Deputy Assistant Secretary for Public and Indian Housing Richard Monocchio announced the awarding of Choice Neighborhoods Implementation (CNI) grant for $50 million to the City of Tucson to redevelop…

CDFI Fund: CDFI Award Recipients Required to Comply with New Civil Rights Act Compliance Reporting Requirements

Award applicants required to complete a new Title VI Compliance Worksheet The Civil Rights Act of 1964, which ended segregation in public places and banned employment discrimination on the basis of race, color, religion, sex or national origin, also prohibits discrimination on the basis of race, color, or national origin in programs or activities receiving…

HUD: $50 Million Choice Neighborhoods Implementation Grant Awarded to Wilmington, DE

The Wilmington Housing Authority will redevelop Riverside Public Housing and the entire Northeast area Today, U.S. Department of Housing and Urban Development (HUD) Deputy Secretary Adrianne Todman announced the awarding of a Choice Neighborhoods Implementation (CNI) grant for $50 million to the Wilmington Housing Authority and the City of Wilmington to redevelop Riverside public housing…

EDA: $2 Million Invested for Wastewater Infrastructure Improvements to Support Industrial Business Growth in Carrollton, KY

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the city of Carrollton, Kentucky, for wastewater infrastructure improvements needed to support local business growth and job creation. This grant will expand the existing regional wastewater treatment plant to boost its capacity to support…

EDA: $1.6 Million Invested to Support Business Growth in Southern Texas

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.6 million grant to the Harlingen Economic Development Corporation (HEDC), Harlingen, Texas, to develop a new industrial park to support business growth and job creation in the region near the U.S.-Mexico border. This grant will provide critical infrastructure…

EDA: $748,849 Invested to Boost Manufacturing Business Growth in Tennessee

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $748,849 grant to the University of Tennessee, Knoxville, Tennessee, to bolster Tennessee’s manufacturing sector. This grant will develop and implement a manufacturing growth model designed to improve workforce participation across Tennessee. The model will focus on distressed, disaster impacted, and coal impacted…

HUD: $85 Million Funding Opportunity Released to Remove Barriers to Building Housing and New Tools Announced to Build & Repair Affordable Housing

Increasing the supply of affordable housing is one way Bidenomics lowers housing costs from the bottom up and the middle out. Today, the U.S Department of Housing and Urban Development (HUD) is taking two actions to lower housing costs for Americans by increasing the supply of affordable housing. HUD’s actions today will make it easier…

HUD: $10 Million Funding Opportunity Announced for Tenant Education and Outreach

Protections and funding build on commitments made by the Biden-Harris Administration’s Blueprint for a Renters Bill of Rights Announcement made at HUD’s “National Conversation at the Community Table” with tenants and renters from across the United States Today, the U.S. Department of Housing and Urban Development (HUD) is announcing three new actions to increase fairness…