HUD: Over $22 Million Invested for Native Hawaiian Housing
The U.S. Department of Housing and Urban Development on Wednesday announced $22.3 million in Native Hawaiian Housing Block Grant (NHHBG) funding to support the Department of Hawaiian Home Lands (DHHL). This funding will support the housing needs of low-income Native Hawaiian families. “The State of Hawaii has the highest median home prices in the nation,…
HUD: First-Ever Funding Opportunity for Coordinated Approaches to Address Unsheltered Homeless, Including Resources for Rural Communities, Announced
HUD Package Includes $322 Million, Including $54.5 Million Set-Aside for Rural Communities, For Permanent Housing, Supportive Services, And Other Costs Package Also Provides $43 Million To Fund Approximately 4,000 New Incremental Housing Choice Vouchers The Biden Administration through the U.S. Department of Housing and Urban Development (HUD) today released a first-of-its-kind package of resources to…
EDA: $2.6 Million Invested to Establish the Building Resilient Economies in Coal Communities Initiative
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.6 million grant to the National Association of Counties (NACo) to lead a coal-focused Community of Practice called the Building Resilient Economies in Coal Communities Initiative. The establishment of this multi-organizational, self-governing, knowledge-sharing community will empower…
CDFI Fund: $336.4 Million in Capital Magnet Fund Awards Announced to Support Affordable Housing
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 59 organizations $336.4 million today for the development of affordable housing and community facilities serving low-income individuals, families, and communities. These awards were made through the fiscal year (FY) 2021 round of the Capital Magnet Fund, and will support financing for…
HUD: $16 Million Rental Assistance Demonstration Conversion Transaction Closed with the Columbus Metropolitan Housing Authority
CMHA will use RAD to preserve 142 affordable rental homes and develop 8 new affordable rental homes at Post Oak Station II The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing on Tuesday announced that it has closed a Rental Assistance Demonstration (RAD) transaction with the Columbus Metropolitan Housing Authority (CMHA) in…
EDA: Last Week, Over $17 Million in American Rescue Plan Funds Invested
Last week, the following grants were made under the American Rescue Plan Funds program and the CARES Act Recovery Assistance program: June 21, 2022 – U.S. Department of Commerce Invests $3 Million in American Rescue Plan Funds to Support Manufacturing Expansion in Orange County, Indiana June 21, 2022 – U.S. Department of Commerce Invests $3.7 Million in…
EDA: $1.3 Million Invested to Boost Industrial Production in Union County, AR
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.3 million grant to Union County, Arkansas, to make railroad and other infrastructure improvements at the El Dorado Industrial Park. This project will construct railroad spurs and a cross-docking facility to support manufacturing business growth in…
CDFI Fund: Public Data on CDFI Program Recipients Through 2020 Released
The Community Development Financial Institutions Fund (CDFI Fund) is releasing fiscal year (FY) 2020 data, which was reported in FY 2021 by Community Development Financial Institutions (CDFIs) via the CDFI Fund’s data collection system, known as the Annual Compliance and Performance Report (ACPR). The release contains public Transaction Level Report (TLR) data detailing how CDFIs…
SBA: Landmark Collaboration with Historically Black Fraternities and Sororities to Address the Wealth Gap Through Black Entrepreneurship Announced
First of its Kind Agreement That Will Focus on Improving Financial Literacy, Outreach and Capital Access Opportunities Across Communities Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 32.5 million small businesses in President Biden’s Cabinet, signed a Strategic Alliance Memorandum (SAM)–an authority unique to the SBA among federal agencies–with…
EDA: Last Week, Over $19 Million in American Rescue Plan Funds Invested
Last week, the following grants were made under the American Rescue Plan Funds program of the CARES Act Recovery Assistance program: June 14, 2022 – U.S. Department of Commerce Invests $8 Million in American Rescue Plan Funds to Support Tribal Enterprises on the Fort Independence Reservation June 14, 2022 – U.S. Department of Commerce Invests $2.4 Million…