HUD: $2.6 Billion Awarded to Help People Experiencing Homelessness
The awards include approximately 7,000 renewed and new grants that will promote a community-wide commitment to the goal of ending homelessness. The U.S. Department of Housing and Urban Development (HUD) today announced over $2.6 billion in FY 2021 Continuum of Care (CoC) Competition Awards for roughly 7,000 local homeless housing and service programs across the…
EDA: Louisiana Highlighted for Success in Innovation, Entrepreneurshipa nd Economic Reslience During High-Level International Delegation Visit
Senior Officials from Across the Western Hemisphere and Other Nations Set to Tour New Orleans, Baton Rouge, Lafayette, and Acadiana Today, the U.S. Department of Commerce’s Economic Development Administration (EDA), in coordination with the U.S. Department of State and the Organization of American States (OAS), announced that 52 high-level representatives from 20 countries will participate…
HUD: Nearly $70 Million Announced to Deliver Equitable COVID-19 Relief to 49 Tribal Communities
Today’s Announcement Brings Total ICDBG-ARP Awards to Nearly $280 Million Across 240 Tribes The U.S. Department of Housing and Urban Development (HUD) today announced the award of nearly $70 million in Indian Community Development Block Grant-American Rescue Plan (ICDBG-ARP) grants to 49 Tribal communities to prevent, prepare for, and respond to the COVID-19 pandemic. This…
EDA: $5 Million in CARES Act Recovery Assistance Invested to Support the Tourism Industry in Duluth, MN
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $5 million CARES Act Recovery Assistance grant to the city of Duluth, Minnesota, to reconstruct a section of a seawall along Lake Superior behind the Duluth Entertainment and Convention Center (DECC). This project will help revitalize…
EDA: $2.3 Million Invested in American Rescue Plan Funds to Equip Manufacturing Workforce Training Center in Laramie, WY
Award is Part of the Department of Commerce’s $300 million Coal Communities Commitment Today, U.S. Secretary of Commerce Gina M. Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2.3 million grant to Laramie County Community College (LCCC) to purchase equipment for its new Advanced Manufacturing and Materials Center. This grant is funded…
EDA: $761,040 Invested to Support Infrastructure Improvements and Create Jobs in Henderson, NC
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $761,040 grant to the county of Vance, North Carolina, to make critical infrastructure improvements needed to support business growth in the Henderson-Vance Industrial Park. This project will promote job creation through roadway and sewer upgrades necessary for business expansion. This EDA grant,…
HUD: Over $2.4 Million Awarded to Fight Housing Discrimination Related to the Coronavirus Pandemic
Funds will support and promote fair housing nationwide The U.S. Department of Housing and Urban Development (HUD) announced today that it is providing $2,472,310 in American Rescue Plan (ARP) funding to help 11 HUD Fair Housing Initiatives Program (FHIP) agencies combat housing discrimination related to the COVID-19 pandemic. The funds, which are being awarded under…
HUD: Rental Assistance Demonstration Conversion Transaction Closed with the Cuyahoga Metropolitan Housing Authority
174 units of deeply affordable rental homes to be preserved for low-income seniors in Cleveland, Ohio The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing on February 28 announced that it has closed a Rental Assistance Demonstration (RAD) transaction with the Cuyahoga Metropolitan Housing Authority (CMHA) in Cuyahoga County, Ohio, to preserve…
FHFA: $1.1 Billion Announced for Affordable Housing Programs
Largest amount ever disbursed to Housing Trust Fund and Capital Magnet Fund Today, FHFA Acting Director Sandra L. Thompson announced that the Housing Trust Fund and Capital Magnet Fund will receive a total of $1.138 billion for affordable housing initiatives from Fannie Mae and Freddie Mac (the Enterprises). This is the largest amount ever provided…
CDFI Fund: Application Demand for CY 2021 Round of NMTC Program Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that it received 199 applications under the calendar year (CY) 2021 round of the New Markets Tax Credit Program (NMTC Program). The NMTC Program advances economic development in economically distressed communities by making tax credit allocations available to Community Development…