HUD: $1 Million Loan Guarantee for Allentown, PA Minority-Owned Distillery Announced
The U.S. Department of Housing and Urban Development (HUD) today announced a $1 million loan guarantee for a distillery and manufacturing facility in Allentown, PA’s East Side. The loan guarantee, offered through the Section 108 Loan Guarantee Program (Section 108), will be used to finance the construction of a major new distillery for consumable beverages…
HUD: $12.5 Million Funding Opportunity Announced to Expand Access to Affordable Homeownership
The U.S. Department of Housing and Urban Development (HUD) today announced the availability of $12.5 million through the Self-Help Homeownership Opportunity Program (SHOP) for eligible national and regional non-profit organizations and consortia with experience providing or facilitating self-help housing opportunities. This funding opportunity aims to develop decent, safe, and sanitary housing for low-income persons and…
EDA: Over $47 Million in American Rescue Plan Funds Invested Last Week
The following grants were made under the American Rescue Plan Funds program: September 6, 2022 – U.S. Department of Commerce Invests $4.7 Million in American Rescue Plan Funds to Support Small Businesses on Fort Apache Indian Reservation September 6, 2022 – U.S. Department of Commerce Invests $3.5 Million in American Rescue Plan Funds for Water Utility Improvements…
EDA: $3.2 Million Invested for Trail Upgrades to Boost Tourism and Create Jobs in Columbia, SC
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3.2 million grant to the Irmo Chapin Recreation Commission, Columbia, South Carolina, for completion of the Lower Saluda Greenway, a recreational trail. This project will provide for construction of two miles of trail and related infrastructure, boosting…
HUD: $40 Million Funding Opportunity to Protect Families from Home Health and Safety Hazards Announced
Funding will assist efforts to address high-priority environmental health and safety hazards The U.S. Department of Housing and Urban Development (HUD) today announced the availability of $40 million through the Healthy Homes Production Grant Program to help transform communities by fixing older housing, preserving affordable housing, and improving communities and the health of children and…
HUD: $5.5 Million Funding Opportunity Announced for HBCUs to Conduct Housing and Community Development Research
The U.S. Department of Housing and Urban Development (HUD) announced that it will make available $5.5 million for Historically Black Colleges and Universities (HBCUs) to establish or bolster existing Centers of Excellence (COE) that conduct housing and community development research. “Historically Black Colleges and Universities are economic anchors for their communities,” said Secretary Marcia L. Fudge….
EDA: President Biden Announces 21 Winners of $1 Billion American Rescue Plan Regional Challenge
Funding Provides Regional Investments to Transform Local Economies, Create Good-Paying Jobs, Jumpstart Emerging Industries, and Prepare Workforce for the Future Today, President Biden will announce the 21 winners of the $1 billion Build Back Better Regional Challenge, the most impactful regional economic development competition in decades. Funded by President Biden’s American Rescue Plan and administered by…
EDA: Over $56 Million in American Rescue Plan Funds Invested Last Week
Last week, the following grants were made under the American Rescue Plan Funds program: August 30, 2022 – U.S. Department of Commerce Invests $15.4 Million in American Rescue Plan Funds to Bolster Infrastructure for Business and Job Growth in West Virginia August 30, 2022 – U.S. Department of Commerce Invests $6 Million in American Rescue Plan Funds…
EDA: $1.5 Million Invested for Critical Infrastructure Needed to Establish Multi-Modal Facility in Jefferson City, MO
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to Cole County, Missouri, for rail and transportation infrastructure improvements needed to support economic development in the region. This project will provide a rail spur and other transportation-related infrastructure needed to establish a multi-modal…
EDA: $2 Million Invested for Water System Upgrades to Support New Businesses in Augusta, GA
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the Development Authority of Augusta, Augusta, Georgia, to boost business and job growth by providing water and sewer improvements at the Augusta Corporate Park. This project will provide the infrastructure necessary to accommodate…