Investment

HUD: $25 Million Awarded to Public Housing Agencies to Expand More Housing Choices to Families

Awards to Public Housing Agencies will provide support to families with Housing Choice Vouchers to maximize housing and neighborhood choice. Today, the U.S. Department of Housing and Urban Development (HUD) announced $25 million in Housing Mobility-Related Services awards to 7 Public Housing Agencies (PHAs) across the country. These funds are designed to expand housing choices…

CDFI Fund: Update to NMTC Program Compliance FAQs Released

The Community Development Financial Institutions Fund (CDFI Fund) has provided an updated Compliance Frequently Asked Questions (FAQs) document for the New Markets Tax Credit Program (NMTC Program) on its website. This document supersedes the December 2022 publication of the FAQs document by adding, revising, or updating select questions from the earlier edition. Updates include: The updated FAQ…

HUD: Affordable Rental Homes in Newport News, VA Preserved and Rehabilitated

$6 million transaction supports revitalization and preservation of 40 affordable housing units for low-income residents The U.S. Department of Housing and Urban Development (HUD) announced today that it has closed a Rental Assistance Demonstration (RAD) transaction with the Newport News Redevelopment and Housing Authority (NNRHA) at Orcutt Townhomes. This transaction allows NNRHA to substantially rehabilitate…

EDA: $4.4 Million Invested for Infrastructure Improvements to Support Business Growth and Development in Louisiana

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is investing $4.4 million in the state of Louisiana to make critical infrastructure improvements needed to support current and future businesses in regions impacted by recent disasters. The EDA investments announced today are: “President Biden is committed to making sure the…

EDA: 60 Recipients of “Build to Scale” Program Announced in Support of Innovators, Entrepreneurs, and Startups through Regional, Technology-Based Economic Development Strategies

Grantees Represent 36 States, District of Columbia and Puerto Rico Today, the U.S. Department of Commerce announced “Build to Scale” grants awarded to 60 organizations across the country — located in 36 states, the District of Columbia, and Puerto Rico — totaling $53 million for programs that support technology entrepreneurs, catalyze innovation, and fuel economic…

HUD: $50 Million Released to Address Youth Homelessness & New Assistance to Improve Housing Placements for People Experiencing Homelessness and Resolve Encampments

New Funding will support approximately 35 communities to improve response systems for youth homelessness; technical assistance and regulatory flexibilities available to help communities transition people from homelessness to housing. Today, the U.S. Department of Housing and Urban Development (HUD) is announcing new resources, technical assistance, and regulatory flexibilities to support their efforts to address homelessness,…

FHFA: Annual Report Released on 2022 Federal Home Loan Bank Targeted Mission Activities

Today, the Federal Housing Finance Agency (FHFA) released its Report on 2022 Federal Home Loan Bank Targeted Mission Activities​. The report highlights the Federal Home Loan Banks’ (FHLBanks) activities and performance in 2022 under the Affordable Housing Program (AHP), the Community Investment Program (CIP), and the Community Investment Cash Advance Program (CICA). The report also covers…

CDFI Fund: CY 2023 Round of New Markets Tax Credit Program Opens

$5 Billion in Allocation Authority Available The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the Notice of Allocation Availability (NOAA) for the calendar year (CY) 2023 round of the New Markets Tax Credit Program (NMTC Program). The CDFI Fund is posting the NOAA on its website in anticipation…

CDFI Fund: FY 2024 Application Round Opens for Small Dollar Loan Program

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2024 funding round for the Small Dollar Loan Program (SDL Program) today. SDL Program funding is intended to expand consumer access to financial institutions by providing alternatives to high-cost small dollar lending. The SDL Program funding is…

HUD: $40 Million Announced to Hire New and Maintain Existing Service Coordinators for Residents of Public and Indian Housing

Notice of Funding Opportunity available for eligible entities to hire a program coordinator who links residents with training opportunities, job placement organizations, and local employers The U.S. Department of Housing and Urban Development (HUD) announced today that $40 million in funding is available through the Resident Opportunity and Self-Sufficiency (ROSS) Service Coordinator Program for Public…