HUD: Access to Puerto Rico Disaster Relief Funds Accelerated
Department removes onerous restrictions that limited island’s access to funds, obligates $8.2 billion in federal mitigation funding The Department of Housing and Urban Development today announced the obligation of $8.2 billion in Community Development Block Grant Mitigation (CDBG-MIT) funds for Puerto Rico, along with the removal of onerous restrictions unique to Puerto Rico that limited…
SBA: Official Restaurant Revitalization Fund Application and Guidelines Announced
Economic relief prioritized for underserved communities SBA Administrator Isabella Casillas Guzman today announced key details on application requirements, eligibility, and a program guide for the Restaurant Revitalization Fund (RRF). The restaurant industry has been among the hardest-hit sectors during the economic downturn caused by the COVID-19 pandemic. To help bring jobs back and revive the industry, the American Rescue Plan, signed into law by President Joe Biden, established the $28.6…
HUD: $1.5 Million Awarded to Improve the Main Street in Three Communities
Kit Carson, Colorado, El Cerrito, California, and Stayton, Oregon to each receive a $500,000 grant to expand redevelopment efforts The U.S. Department of Housing and Urban Development (HUD) today awarded $1.5 million to help build affordable housing in Colorado, California, and Oregon. Kit Carson, Colorado will receive a $500,000 grant to redevelop two sites, the…
EDA: $1.2 Million Invested to Support Revitalization of Downtown Mill District in Biddeford, ME
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.2 million grant to the city of Biddeford, Maine, to support the economic revitalization of city’s downtown mill district by making roadway improvements needed to provide access to the city’s new 650-space parking garage and mill buildings…
CDFI Fund: Public Data for NMTC Program for FYs 2003-2019 Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today released transaction level data collected on New Markets Tax Credit (NMTC) investments across the nation through fiscal year (FY) 2019. The CDFI Fund requires all Community Development Entities (CDEs) that have been awarded NMTC allocations to submit an annual report detailing…
CDFI Fund: FY 2021 CDFI Bond Guarantee Program Application Period Now Open
Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2021 application period for the CDFI Bond Guarantee Program. A total of up to $500 million in bond guarantee authority is available for Eligible Community Development Financial Institutions (Eligible CDFIs) in FY 2021. Through the…
EDA: $2.7 Million Invested to Facilitate Commercial Redevelopment in Lackawanna, NY Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.7 million grant to the Buffalo Erie County Industrial Land Development Corporation, Buffalo, New York, to install new water and sewer systems that will spur new business growth and economic development at the Former Bethlehem Steel Plant…
CDFI Fund: Public Comments Sought on NMTC Program Allocation Application
The U.S. Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Pub. L. No. 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently,…
HUD: Opportunity Zone Radio Tour Kicks Off to Commemorate Three Years of Revitalizations in Forgotten Communities
Task Force members to join Secretary Carson in Radio Tour commemorating three years of revitalization success White House Opportunity and Revitalization Council Chairman and U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced a nationwide radio tour to mark the three-year anniversary of the enactment of President Trump’s historic Tax Cuts,…
HUD: Nearly $5 Million Awarded for Revitalization Plans in Eleven Neighborhoods
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today awarded nearly $5 million to eleven communities to help create plans to redevelop severely distressed HUD assisted housing and revitalize neighborhoods. Funded through HUD’s Choice Neighborhoods program, these grants will help local leaders craft comprehensive, homegrown plans to revitalize and transform these neighborhoods. “Today’s…