HUD: Agency Submits Housing Reform Plan to the President
Today, the Department of Housing and Urban Development (HUD) presented President Donald Trump with a plan for reforming the Nation’s housing finance system. Read HUD’s housing finance reform plan. On March 27, 2019, President Trump issued a Memorandum on Federal Housing Finance Reform, directing HUD and the Department of Treasury to craft the housing finance reform…
HUD: Housing Preservation Program Expanded to Include Senior Housing
Rental assistance demonstration will help house low-income seniors In an effort to preserve and improve critically needed affordable housing for low-income seniors, the U.S. Department of Housing and Urban Development (HUD) today announced a significant expansion of its Rental Assistance Demonstration (RAD) to facilitate capital investment in senior housing developments assisted through HUD’s Section 202 Supportive Housing…
EDA: $4.4 Million Invested to Provide Critical Water Infrastructure and Business Development in East Palo Alto, CA Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $4.4 million grant to the city of East Palo Alto, California, to make critical stormwater infrastructure improvements to prevent future flooding in the Ravenswood Redevelopment Area. The grant, to be located in a Tax Cuts and Jobs Act designated Opportunity…
CDFI Fund: CY 2019 Round of New Markets Tax Credit Program Opens
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the Notice of Allocation Availability (NOAA) for the calendar year (CY) 2019 round of the New Markets Tax Credit Program (NMTC Program). The NOAA makes up to $3.5 billion in tax credit allocation authority available for the CY 2019 round….
ABA: Newly Redesigned ABA.com Launches
The American Bankers Association, the united voice of the nation’s $18 trillion banking industry, today announced the launch of its newly redesigned website featuring a modern look, updated content and improved tools to provide a richer, more valuable digital experience for visitors. “The new website is packed with tools, resources and information to help our members succeed,…
HUD: $75 Million Awarded to Help End Youth Homelessness
Nearly double the funding to support innovative youth housing programs in 23 communities The U.S. Department of Housing and Urban Development (HUD) is awarding $75 million to end youth homelessness in 23 local communities across the country, including eight rural areas. HUD’s Youth Homelessness Demonstration Program (YHDP) will help these communities to build local systems and will…
CDFI Fund: Public Meeting of Advisory Board Scheduled for September 23rd in Washington, DC
Meeting Marks 25th Anniversary of the CDFI Fund The Community Development Financial Institutions Fund (CDFI Fund) is convening a meeting of the Community Development Advisory Board (the Advisory Board) from 9:00 a.m. to 3:00 p.m. Eastern Standard Time on Monday, September 23, 2019. The Advisory Board meeting will be held in Cash Room at the U.S. Department…
OCC: Comptroller Visits New Mexico Pueblos to Discuss CRA and Bank Services
Comptroller of the Currency Joseph Otting today visited Native American pueblos in New Mexico as part of a nationwide effort to discuss modernizing Community Reinvestment Act (CRA) regulations and opportunities to bring more investment, lending, and services to underserved areas. While in northern New Mexico, the Comptroller and senior staff from the Office of the…
SBA: Grants Awarded to 24 Organizations to Support Small Business Innovation and R&D Commercialization
The U.S. Small Business Administration granted 24 awards up to $125,000 per recipient in FY 2019 under its Federal and State Technology (FAST) Partnership Program. FAST’s objective is to improve outcomes for underrepresented entrepreneurs in SBA’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs and increase participation for women-owned, rural-based, and…
EDA: $1.25 Million Invested to Expand Missouri State University Business Incubator
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.25 million grant to Missouri State University, Springfield, Missouri, to expand its business incubator located in the Robert W. Plaster Free Enterprise Center. The project, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, will be…