Investments & Funding

HUD: More Than $226 Million Awarded to Protect Families from Home Health Hazards

HUD welcomes the new year with funding to make homes safer. The U.S. Department of Housing and Urban Development (HUD) today awarded more than $226 million to state, county, city, and Tribal governments, and to non-profit organizations, to protect children and families from home health hazards. This funding is awarded to entities across 33 states,…

EDA: $5.5 Million Invested to Support the Agriculture Industry and Provide Electrical Infrastructure Improvements in Kansas

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is investing $5.5 million in the state of Kansas to support the agriculture industry and make electrical infrastructure improvements needed to bolster economic opportunity in the region. The EDA investments announced today are: “The Biden-Harris Administration’s Investing in America Agenda is…

EDA: $4.1 Million Invested for Wastewater Infrastructure Improvements Needed to Support Job Creation in Neah Bay, WA

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $4.1 million grant to the Makah Indian Tribe of the Makah Indian Reservation in Neah Bay, Washington, for wastewater infrastructure improvements to support job creation. This grant will provide for the construction of a new climate-resilient wastewater collection…

EDA: $1.3 Million Invested to Boost Healthcare Workforce Development in Grand Forks, ND

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.3 million grant to the University of North Dakota in Grand Forks, to support healthcare workforce development. This grant will provide for the procurement of a van and related equipment to allow the University to expand its medical…

HUD: $225 Million Awarded to Preserve and Revitalize Housing

Funds will support manufactured housing communities through repairs, infrastructure upgrades, homeowner assistance and creation of new homes.  Today, the U.S. Department of Housing and Urban Development (HUD) announced the award of $225 million in competitive grant funding for 17 awardees with proposed projects across 26 states through the Preservation and Reinvestment Initiative for Community Enhancement…

CDFI Fund: Update to the CY 2024-2025 NMTC Program Application FAQs Released

The Community Development Financial Institutions Fund (CDFI Fund) has posted on its website an updated calendar year (CY) 2024-2025 New Markets Tax Credit Program (NMTC Program) Allocation Application Frequently Asked Questions (FAQs) document. The updates to this document are provided in response to questions submitted in response to the CDFI Fund’s Paperwork Reduction Act request for comments…

HUD: $12 Million Invested to Strengthen Rural Communities

With nearly $550 million invested, grants empower non-profits to expand affordable housing and boost community development for families in rural America. The U.S. Department of Housing and Urban Development (HUD) today awarded $12 million in capacity-building grants to five national non-profit organizations through the FY 23-24 Rural Capacity Building program which will fund rural housing…

CDFI Fund: FY 2025 Bond Guarantee Program Application Period Now Open

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2025 application period for the CDFI Bond Guarantee Program. A total of up to $500 million in bond guarantee authority is estimated to be available for Eligible Community Development Financial Institutions (Eligible CDFIs) in FY 2025,…

HUD: $400,000 Awarded to West Virginia University for Research on Innovative Housing Construction

The project will test and standardize innovative construction practices for greener housing systems. Today, the U.S. Department of Housing and Urban Development’s (HUD) Office of Policy Development and Research awarded a grant of $400,000 to West Virginia University (WVU) to support research on innovative housing construction methods. “There are not enough quality affordable homes in…

EDA: $600,000 Invested to Support Small Business Growth in Puerto Rico

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $600,000 grant to Friends of Puerto Rico in Aguadilla, to support small business growth in the region. This grant will establish a technical assistance program to provide training, education, and access to funding for small businesses impacted by Hurricane Fiona. This EDA…