CDFI Fund: Upcoming Deadlines for FY 2023 Capital Magnet Fund Round Applicants
As a reminder for fiscal year (FY) 2023 Capital Magnet Fund applicants, the deadline to submit the complete FY 2023 Capital Magnet Fund Application through the Awards Management Information System (AMIS) is March 21, 2023 at 11:59 p.m. Eastern Time (ET). To ensure a successful application submission, the Community Development Financial Institutions Fund (CDFI Fund) encourages…
SBA: DoD and SBA Sign Joint Agreement to Drive Investment to U.S. Critical Technologies at South by Southwest Festival in Austin
Today, the U.S. Small Business Administration (SBA) and the U.S. Department of Defense (DoD) announced that on Friday, March 10, they intend to sign a historic Memorandum of Agreement at the South by Southwest (SXSW) festival in Austin, Texas. This agreement establishes the framework for DoD’s newly established Office of Strategic Capital (OSC) and the SBA’s Office of…
HUD: $96.5 Million Rental Assistance Demonstration Conversion Transactions Closed to Preserve and Rehabilitate 500 Senior Homes in Chicago, IL
Chicago Housing Authority leverages RAD to support rehabilitation of affordable rental homes at two properties for seniors. The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing is announcing today it recently closed two Rental Assistance Demonstration (RAD) transactions with the Chicago Housing Authority (CHA) to finance the rehabilitation of affordable rental homes…
FEMA: $350 Million Awarded for Humanitarian Assistance Through the Emergency Food and Shelter Program
Today, the Department of Homeland Security, through FEMA, announced it will publish a Notice of Funding Opportunity (NOFO) for $350 million under the humanitarian portion of the Emergency Food and Shelter Program (EFSP-H) to help local communities around the country better manage the costs of noncitizen arrivals in their communities. This is the first major…
HUD: More than $794 Million Awarded for Affordable Housing Activities in Native American Communities
Funds support development and operation of low-income housing Today, the U.S. Department of Housing and Urban Development (HUD) announced more than $794 million in Indian Housing Block Grant (IHBG) formula funding for eligible Native American Tribes, Alaska Native Villages, and Tribally Designated Housing Entities (TDHEs) to carry out affordable housing activities in Tribal communities. Click here to…
FHFA: $545 Million Announced for Affordable Housing Programs
Funds disbursed to Housing Trust Fund and Capital Magnet Fund Today, FHFA announced that the Housing Trust Fund and Capital Magnet Fund will receive approximately $545 million for affordable housing initiatives from Fannie Mae and Freddie Mac (the Enterprises). “The need for more affordable housing has never been greater,” said Director Sandra L. Thompson. “A…
FEMA: $2 Billion in Department of Homeland Security Preparedness Grants Announced
Secretary of Homeland Security Alejandro N. Mayorkas today announced more than $2 billion in funding for eight Fiscal Year 2023 preparedness grant programs. These grant programs provide critical funding to help state, local, tribal and territorial officials prepare for, prevent, protect against and respond to acts of terrorism. Secretary Mayorkas issued the following statement on this year’s…
HUD: $5.6 Billion Awarded in Annual Grants for Affordable Housing, Community Development and Homeless Assistance
Funding will go to 1,200 communities through 2,400 grants to support the needs of families and individuals The U.S. Department of Housing and Urban Development (HUD) today announced $5.6 billion in funding will go to 1,200 communities through more than 2,400 grants to States, urban counties, insular areas, DC, Puerto Rico, and local organizations across…
CDFI Fund: $194 Million Awarded to Spur CDFI Investment in Distressed and Underserved Areas Across the Nation
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 252 Community Development Financial Institutions (CDFIs) $194.1 million in Financial Assistance (FA) awards today. The awards, through the fiscal year (FY) 2022 round of the Community Development Financial Institutions Program (CDFI Program) and the Native American CDFI Assistance Program (NACA Program),…
HUD: $12.9 Million Awarded to Prevent Homelessness Among Youth Transitioning Out of Foster Care
16 Public Housing Agencies in 9 States will use funding to keep Foster Youth Housed In an effort to help youth in foster care find affordable housing, the U.S. Department of Housing and Urban Development (HUD) awarded $12.9 million to 16 Public Housing Agencies (PHAs) in 9 states to provide housing assistance to young adults…