HUD: Additional Assistance Announced to Keep Foster Youth Housed
26 Public Housing Agencies are receiving over $1 million total to prevent homelessness faced by youth involved in the child welfare system The U.S. Department of Housing and Urban Development (HUD) on Thursday announced that over $1 million has been awarded to public housing agencies (PHAs) across the country to provide housing assistance to youth…
HUD: Nearly $13.2 Million Awarded to Protect Families from Lead and Other Home Health and Safety Hazards
Funding to make low-income families’ homes safer and healthier The U.S. Department of Housing and Urban Development (HUD) today awarded nearly $13.2 million to state and local government agencies located in 3 states to protect children and families from lead-based paint and home health hazards. The grants announced today emphasize the Biden-Harris Administration’s commitment to…
EDA: $1.3 Million in CARES Act Recovery Assistance Invested to Support Business Growth in Brooklyn, NY
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.3 million CARES Act Recovery Assistance grant to Brooklyn Alliance, Inc., Brooklyn, New York, to provide technical assistance to small and medium-sized businesses impacted by the coronavirus pandemic. This EDA project will support Brooklyn Alliance, Inc.’s…
EDA: $675,180 Invested for Infrastructure Improvements to Support Business Expansion and Job Growth in Devens, MA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $675,180 grant to the Massachusetts Development Finance Agency, Boston, Massachusetts, to provide roadway and stormwater infrastructure improvements needed to support additional development of the Devens Industrial Area and former Fort Devens Military Base. This EDA project will help increase job opportunities in…
CDFI Fund: Application Demand for FY 2021 Round of Capital Magnet Fund Released
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) 2021 round of its Capital Magnet Fund program. A total of 146 organizations submitted applications requesting more than $991.8 million in funding. The applicants propose to serve 48 states, the District of…
HUD: Nonprofit Bidders Successfully Purchased More Than 800 Mortgage Notes through HUD-Held Vacant Loan Sale
Competitive bid sale provided priority bidding on 50 percent of mortgage notes in multi-loan pools by non-profit organizations and units of state and local government. The U.S. Department of Housing and Urban Development’s Office of Asset Sales announced on Thursday that 23 mission-driven non-profit organizations successfully participated – and 11 were awarded pools – in its…
SBA: $1.1 Million in Awards Announced to Support Native American Entrepreneurs
The U.S. Small Business Administration (SBA) announced the awardees of $1.1 million in grants and contracts to promote the development, success, and long-term sustainability of Native American-owned businesses. “Native-owned small businesses are vital to our shared economic future, and the SBA is committed to engaging and supporting them. The $1.1 million in awards will provide a boost…
EDA: Finalists for $1 Billion “Build Back Better Regional Challenge”
60 Regional Coalitions will Each Compete for up to $100 Million in American Rescue Plan Funding to Rebuild America’s Communities U.S. Secretary of Commerce Gina M. Raimondo today announced the 60 finalists for the U.S. Economic Development Administration’s (EDA) $1 billion “Build Back Better Regional Challenge” – the marquee of EDA’s American Rescue Plan programs – that…
EDA: $3 Million Invested to Support Growth of Aviation Technology Cluster in Cape May County, NJ
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the County of Cape May, New Jersey, for construction of a new, multi-tenant building at the Cape May County Airport’s Hangars Technology Park. This project will provide a 16,000-square-foot facility to attract…
EDA: $3.3 Million in CARES Act Recovery Assistance Invested to Support Manufacturing and Job Creation on the Fort Apache Indian Reservation
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $3.3 million CARES Act Recovery Assistance grant to the White Mountain Apache Community Development Corporation, Pinetop, Arizona, to improve the White Mountain Apache Timber Company (WMATCO) sawmill in Whiteriver. This project will support tribal entrepreneurship, diversify the local economy, and create jobs….