CDFI Fund: Application Demand for FY 2021 Round of BEA Program Released
Over $1.1 Billion in Increased Investments, Lending and Services in Highly Distressed Communities and to CDFIs The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today the application data for the fiscal year (FY) 2021 round of its Bank Enterprise Award Program (BEA Program). A total of 161 applications were…
HUD: Waivers Announced to Help Kentucky Communities Recover from Severe Weather
The U.S. Department of Housing and Urban Development (HUD) today announced a package of regulatory and administrative waivers aimed at helping communities in Kentucky accelerate their recovery from tornadoes and severe storms that occurred on December 12, 2021. “HUD continues to enable swift response to these storms” said Deputy Assistant Secretary for Grant Programs Kevin Bush….
HUD: $9 Million Loan Guarantee to Cleveland Announced for Development of Nearly 200 Housing Units and Grocery Store
The U.S. Department of Housing and Urban Development today announced a $9 million loan guarantee to the City of Cleveland, Ohio for the development of a mixed-used site that includes nearly 200 housing units and a 40,000 square foot grocery store. “This is a tremendous opportunity for Cleveland to expand access to affordable housing while…
HUD: Disaster Assistance Announced for Kentucky Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for areas in the Commonwealth of Kentucky affected by severe storms, straight-line winds, flooding, and tornadoes beginning on December 10, 2021, and continuing. On December 12, President Biden issued a major disaster declaration for the counties of Caldwell, Fulton, Graves,…
HUD: $52 Million Announced to Deliver Equitable COVID-19 Relief to Tribal Communities
The U.S. Department of Housing and Urban Development (HUD) today announced the awarding of more than $52 million in Indian Community Block Grant-American Rescue Plan (ICDBG-ARP) grants to 49 Tribal communities to prevent, prepare for, and respond to the COVID-19 pandemic. The announcement, made by HUD Deputy Secretary Todman during a speaking engagement at the…
SBA: New Fact Sheet Details Help Provided to America’s Small Businesses in Recovering from the COVID-19 Pandemic
While the holidays may still look a little different this year, the U.S. has made significant strides to ensure Americans can safely congregate with their loved ones for the Thanksgiving holiday and take part in celebrations to shop local and small on Small Business Saturday. Last year, shoppers came together in full force to support…
HUD: $3.6 Million Awarded for Neighborhood Revitalization Plans in Eight Communities
The U.S. Department of Housing and Urban Development (HUD) on Monday announced $3.6 million has been awarded to eight communities to support comprehensive neighborhood revitalization plans to redevelop severely distressed HUD-assisted housing, improve outcomes for residents, and bring new amenities to neighborhoods. HUD has named Annapolis, Maryland; Augusta, Georgia; Brownsville, Texas; Jackson, Michigan; Las Vegas,…
SBA: Guidance Announced Regarding Applicant Deadlines for COVID Economic Injury Disaster Loan Program
Agency Strongly Encourages Submission of Supplemental Advance Applications by December 10; All Applications Due by December 31 Today, the U.S. Small Business Administration (SBA) announced updated guidance for COVID Economic Injury Disaster Loan (EIDL) program applicants to better serve small business owners in need, while funding remains available. Since its inception, the COVID EIDL program, a federal…
HUD: Formation of Tribal Intergovernmental Advisory Committee Announced
First-of-its-kind committee will offer counsel on specific housing and infrastructure needs for Indian Country Today, the U.S. Department of Housing and Urban Development (HUD) announced the formation of the Tribal Intergovernmental Advisory Committee (TIAC), as part of the Biden-Harris Administrations commitment to engaging with Tribal Nations. The announcement comes as President Biden hosts the first…
EDA: $30 Million in Economic Development Administration American Rescue Plan Funding to Support Statewide Economic Development Planning Announced
$1 Million Grants Headed to 30 States and Territories to Lay the Foundation for President Biden’s Build Back Better Agenda U.S. Secretary of Commerce Gina M. Raimondo today announced that the Department’s Economic Development Administration (EDA) is awarding $1 million American Rescue Plan grants to 30 states and territories across the nation to support statewide…