EDA: $1 Million Invested to Help Diversify Coal Community Economies and Boost Workforce Opportunities in Crownpoint, NM
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1 million grant to Navajo Technical University of Crownpoint, New Mexico, to build a Metrology and Materials Testing Center (MMTC) that will help diversify the Navajo Nations’ economy and train displaced workers in the energy sector. According…
HUD: $8 Million Awarded to Public Housing Authorities for Emergency and Security Improvements
The U.S. Department of Housing and Urban Development (HUD) today awarded $8 million in grant funding to eight public housing authorities to keep residents safe and secure. The funding announced today is offered through the following HUD programs: HUD’s Capital Fund Emergency Safety and Security Program, which supports security and emergency alarm system improvements to…
HUD: Rental Assistance Demonstration Reaches 100,000 Units of Affordable Public Housing Milestone
Secretary Ben Carson attends groundbreaking ceremony in Austin, TX U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced that 100,000 units of affordable public housing have been preserved through the Department’s Rental Assistance Demonstration (RAD), an innovative approach to confronting the dwindling and aging supply of public housing. In a groundbreaking ceremony today…
CFPB: Opportunity for Organizations that Serve Economically Vulnerable Populations to Receive Support
For the past four years, the Bureau’s Office of Community Affairs (formerly the Office of Financial Empowerment) has supported organizations committed to helping people manage their money and work toward their goals using a suite of financial empowerment tools called Your Money, Your Goals. If your organization serves economically vulnerable populations and you are interested…
CDFI Fund: U.S. Treasury Awards $202.2 Million to Support Economic Growth in Low-Income Communities
Funds to Support Community Development Investments in Distressed Rural, Urban, and Native Communities The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 302 Community Development Financial Institutions (CDFIs) $202.2 million in awards today. The awards, through the fiscal year (FY) 2018 round of the Community Development Financial Institutions Program (CDFI…
EDA: $844,941 Invested to Support Business Development in Western Colorado
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $844,941 grant to the Telluride Foundation to boost business development efforts in western Colorado. According to grantee estimates, the project is expected to create or retain 23 jobs and spur $637,000 in private investment. “We commend the Telluride Foundation for supporting the…
EDA: $738,100 Invested to Support Manufacturing in Indiana
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $738,100 grant to the Flagship Enterprise Center of Anderson, Indiana, to expand the Flagship Manufacturing Center and provide a boon to businesses in the region. According to grantee estimates, the project is expected to create or retain more than 125 jobs and…
CDFI Fund: Treasury Guarantees $150 Million in CDFI Bond Funding
Since Inception, Over $1.5 Billion Guaranteed for Projects in Low-Income Communities U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today the issuance of a $150 million guarantee under the Community Development Financial Institutions (CDFI) Bond Guarantee Program. The guarantee was issued to the Community Reinvestment Fund, USA (CRF) on behalf…
Interagency Statement: Reaffirming the Role of Bank Supervisory Guidance
Five federal agencies today issued a joint statement explaining the role of supervisory guidance for regulated institutions. The statement from the agencies—the Federal Reserve Board, the Bureau of Consumer Financial Protection, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency—confirms that supervisory guidance does not…
EDA: $750,000 Invested to Build a Business Incubator in Hinesville, GA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $750,000 grant to the City of Hinesville Development Authority of Hinesville, Georgia, to help construct a business incubator, supporting the community’s growth and development. “We commend the City of Hinesville for creating new opportunities for the community to grow and thrive,” said…