HUD: More Than $100 Million Announced for Energy Efficiency and Climate Resilience Upgrades in 1,500 Low-Income Households
Funded by President Biden’s Investing in America agenda, this historic investment will expand clean energy in low-income communities, boost housing resilience and sustainability, and help tackle the climate crisis The U.S. Department of Housing and Urban Development (HUD) announced today it is awarding $103.4 million in new loans and grants to significantly renovate the homes…
EDA: Applications Open for Pilot Program to Highlight Opportunities to Boost American Communities
The U.S. Department of Commerce’s Economic Development Administration (EDA), announced it has received 565 applications for Phase 1 of the Recompete Pilot Program, marking the largest number of applications of any national EDA competition to date. The Recompete Program is a key piece of President Biden’s Investing in America agenda and reflects the Administration’s commitment to…
SBA: Record $3 Billion in Lending Announced to Latino-Owned Small Businesses
Number of SBA-Backed Loans to Latino-Owned Small Businesses Has Doubled Under Biden-Harris Administration Today, Administrator Isabel Guzman, the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, announced newly finalized Fiscal Year 2023 SBA data showing that the rate of SBA-backed loans to Latino-owned small businesses has now doubled under the Biden-Harris Administration,…
HUD: $212 Million Funding Opportunity Announced to Expand Affordable Housing Options for Persons with Disabilities
Funding provides capital to produce new or rehabilitate existing housing along with project rental assistance to support very-low and extremely low income-persons with disabilities The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing announced today that $212 million in funding is available to expand the supply of affordable housing and supportive services…
SBA: Reach of Regional Innovation Cluster Network Expanded with Four New Awards
Regional Innovation Clusters Help Increase Startup and Small Business Participation in the U.S. Supply Chain Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s 33 million small businesses, announced four contract awards to small businesses and entrepreneur support organization (ESO) partners, expanding the SBA’s Regional Innovation Clusters…
SBA: Financial Assistance Expanded to Native American Communities with Six New Grantees
Agency Announces New Tribal Grant Program, Expansion of Existing Efforts to Support Native American Entrepreneurs Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s 33 million small businesses, announced the creation of the Tribal College Small Business Achievement (TCSBA) grant, a new pilot program to support Native…
EDA: $13.5 Million Invested to Support U.S. Manufacturers
Today, U.S. Secretary of Commerce Gina Raimondo announced $13.5 million in U.S. Economic Development Administration (EDA) grants to support 11 Trade Adjustment Assistance Centers (TAACs) that help manufacturers affected by imports adjust to increasing global competition and to create jobs. The TAACs, which each service multiple states/regions, are located in California, Colorado, Georgia, Illinois, Massachusetts, Michigan, Missouri,…
HUD: Over $75 Million in Loan Guarantees Announced for Public Safety, Facility Improvements, Economic Development and Housing Projects
Today, the U.S. Department of Housing and Urban Development (HUD) awarded a total of $75 million in loan guarantee commitments to the cities of Omaha, Nebraska, Oakland, Fresno, and Redding in California. This funding will enable transformative investments in housing, community facilities, and economic development. “The Biden-Harris Administration and HUD are committed to building and…
CDFI Fund: $321.2 Million in Capital Magnet Fund Awards Announced to Support Affordable Housing
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 52 organizations $321.2 million today for the development of affordable housing and community facilities serving low-income individuals, families, and communities. These awards were made through the fiscal year (FY) 2023 round of the Capital Magnet Fund (CMF), and will support financing…
HUD: $160.1 Million in Grants Awarded to Create and Preserve Affordable Housing for Low-Income Seniors
Funding supports the creation and rehabilitation of affordable multifamily rental housing and project-based rental assistance to help provide independent living options for low-income seniors The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs announced today that it has awarded $160.1 million in grants to non-profit organizations across the country to…