Investments & Funding

EDA: $3.3 Million Invested for Water and Wastewater Infrastructure Improvements to Support Industrial Development and Job Growth in Rice Lake, MN

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $3.3 million grant to the city of Rice Lake, Minnesota, for water and wastewater infrastructure improvements to boost industrial development and job growth in the region. This grant will help establish a new Minnesota Power service center in…

EDA: $700,375 Invested for Utility Infrastructure Improvements to Support Local Businesses in Sweet Home, OR

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $700,375 grant to the city of Sweet Home, Oregon, for utility infrastructure improvements to serve businesses in the region. This grant will provide for three power generators, providing uninterrupted service and water to businesses in a region recently impacted by winter storms….

FHFA: Deemed-Issuance Ratio for Trading of Uniform Mortgage-Backed Securities Announced for 2025

Ratio changes to 51 Percent Fannie Mae and 49 Percent Freddie Mac The Federal Housing Finance Agency (FHFA) today announced the deemed-issuance ratio for the 2025 calendar year in accordance with Internal Revenue Service (IRS) guidelines on the trading of the Uniform Mortgage-Backed Security (UMBS). The deemed-issuance-ratio will be used for diversification reporting on the bonds ultimately…

HUD: More Than $6.5 Million Invested to Modernize Rental Homes for Families in Wisconsin, Maryland, and New Hampshire

Newly closed Green and Resilient Retrofit Program transactions will fund crucial repairs and energy efficiency and climate resilience improvements. Today, the U.S. Department of Housing and Urban Development (HUD) announced the recent closing of three Green and Resilient Retrofit Program (GRRP) transactions to help finance energy efficiency and climate resilience improvements for affordable rental homes…

HUD: $1.3 Million Announced to Prevent Homelessness

Funding will support housing assistance for young adults transition out of foster care. Today, the U.S. Department of Housing and Urban Development (HUD) announced $1.3 million in funding for 21 Public Housing Agencies (PHAs) across 15 states for young adults under 25 years old who left foster care or are transitioning out of foster care….

HUD: Nearly $4 Million Invested to Improve Housing for New Brunswick Families

New award will make significant climate resilience and energy efficiency renovations. Today, the U.S. Department of Housing and Urban Development (HUD) highlighted a $3,920,000 award to Lord Stirling Senior Housing in New Brunswick, New Jersey, under its Green and Resilient Retrofit Program (GRRP) to support significant energy efficiency and climate resilience renovations for 38 HUD-subsidized homes. This Comprehensive loan…

CDFI Fund: FY 2024 CDFI Program and NACA Program Technical Assistance Awards Announced

Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced that 256 organizations received $76.32 million in Technical Assistance (TA) Awards to build their capacity to provide financial products and services to low-income and underserved people and communities across America. The Awards were made through the fiscal year (FY) 2024…

SBA: $240,000 Grant Awarded to the National Center for American Indian Enterprise Development

New Native American Trade Expansion Program Pilot Award to Help Expand Exporting Opportunities to Native American-Owned Small Businesses Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for more 34 million small businesses, announced that the National Center for American Indian Enterprise Development(Link is external) (NCAIED) is the first Native American Trade…

HUD: $73 Million Awarded to Support Grantees with Vital Technical Assistance

Funding will provide technical assistance and capacity-building for HUD grantees, local governments, and community organizations nationwide. The U.S. Department of Housing and Urban Development (HUD) will award $73 million in cooperative agreements under the Community Compass Technical Assistance and Capacity Building Program (Community Compass) to 34 non-profit and for-profit organizations, including 6 new organizations to help HUD…

HUD: Agency Successfully Delivers More Than $1.4 Billion in Housing Investments from Inflation Reduction Act

Final round of funding means families in 42 states, D.C., and Puerto Rico will see crucial climate resilience and energy efficiency renovations. The U.S. Department of Housing and Urban Development (HUD) today announced the final round of its Green and Resilient Retrofit Program, marking the successful delivery of more than $1.43 billion from President Joe Biden’s…