HUD: Historic North Carolina Hospital Earns 2020 HUD Secretary’s Award

The U.S. Department of Housing and Urban Development (HUD) and the Advisory Council on Historic Preservation (ACHP) announced last week the Historic Ashe Hospital in Jefferson, North Carolina, was the recipient of the 2020 ACHP/HUD Secretary’s Award for Excellence in Historic Preservation. This annual award recognizes developers, organizations, and agencies for […]

HUD: $10 Million in “Sweat Equity” Grants Announced

Grants help hundreds of families work alongside non-profits to build their homes and achieve homeownership The U.S. Department of Housing and Urban Development (HUD) today awarded $10 million in “sweat equity” grants to four non-profit self-help housing organizations which will create at least 536 affordable homes for hard-working, low-income families […]

HUD: $4 Million Awarded to Help Low-Income Veterans Rehabilitate Their Homes

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) today announced $3.9 million in funding through the Veterans Housing Rehabilitation and Modification Pilot Program (VHRMP) to help make homes more accessible for disabled veterans. Through the VHRMP program, grantees will make necessary physical modifications […]

CDFI Fund: Treasury Guarantees $100 Million in CDFI Bond Funding

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today the approval of a $100 million guarantee under the fiscal year 2020 round of the Community Development Financial Institutions (CDFI) Bond Guarantee Program. The guarantee will be issued to the Community Reinvestment Fund, USA on […]

HUD: Section 3 Rule Revision Finalized to Advance Economic Opportunity

New rule will advance economic opportunity through streamlined processes and a more targeted approach The U.S. Department of Housing and Urban Development (HUD) announced today the release of the final rule implementing the “Section 3” statute. Section 3 requires that recipients of certain HUD funds make economic opportunities available for low- and […]

HUD: Nearly $165 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 $165 million to 44 state and local government agencies in 23 states to protect children and families from lead-based paint and home health hazards. HUD is providing these grants […]

CDFI Fund: U.S. Treasury Awards $204.1 Million to Support Economic Growth in Low-Income, Distressed and Native Communities

 The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 397 Community Development Financial Institutions (CDFIs) $204.1 million in awards today. The awards, through the fiscal year (FY) 2020 round of the Community Development Financial Institutions Program (CDFI Program) and the Native American CDFI Assistance Program […]

Federal Reserve: ANPR Issued on Approach to Modernize CRA Regulations

The Federal Reserve Board on Monday issued an Advance Notice of Proposed Rulemaking (ANPR) that invites public comment on an approach to modernize the regulations that implement the Community Reinvestment Act (CRA) by strengthening, clarifying, and tailoring them to reflect the current banking landscape and better meet the core purpose […]

HUD: Secretary Carson Announces Expansion of HUD’s “Moving to Work” Demonstration

Department invites 100 additional Housing Authorities to join the program over next two years During his remarks at the Public Housing Authorities Directors Association’s (PHADA) 2020 Legislative Conference, U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson announced that the Department is expanding its Moving to Work (MTW) […]

SBA: Women Empowerment and Entrepreneurship Celebrated with Opening of Mississippi Women’s Business Center

New resource will increase opportunities and accelerate economic recovery solutions for women entrepreneurs, particularly in disadvantaged communities The U.S. Small Business Administration today announced grant funding for a new SBA Women’s Business Center in Mississippi, which will be hosted by Alcorn State University, a designated historically black college and university (HBCU) in […]