Investments & Funding

EDA: $1.7 Million Invested to Expand Truck Driver Workforce Training Efforts in North Carolina

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.7 million grant to Guilford Technical Community College, Jamestown, North Carolina, to construct a truck driver training facility on the college’s East Greensboro campus. This project will provide an asphalt training pad, parking lot and other infrastructure upgrades…

HUD: $45 Million in Funding Provided to Public Housing Authorities to Help Households Experiencing or at Risk of Homelessness

This funding builds on the Biden-Harris Administration’s commitment to coordinated efforts to addressing unsheltered homelessness and homelessness in rural areas Today, the U.S. Department of Housing and Urban Development (HUD) is announcing communities to receive housing vouchers to address homelessness among people in unsheltered settings and in rural communities. HUD is awarding $45 Million for…

HUD: $25 Million in Funding Announced for Public Housing Authorities to Help Families Get Access to Better Housing and Schools

Public Housing Authorities are encouraged to apply for funding Today, the U.S. Department of Housing and Urban Development (HUD) announced that it will make available $25 million to public housing authorities (PHAs) for HUD’s Housing Choice Voucher (HCV) Mobility Services. Through this program, PHAs will help an estimated 6,000 voucher families with children get a…

EDA: $2.4 Million Invested for Building Renovations to Support Air Traffic Control Academy in Selma, AL

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2.4 million grant to the Craig Field Airport & Industrial Authority in Selma, Alabama, for building renovations needed to support the remote air traffic control academy at Craig Field. This project will renovate two buildings at Craig Field…

HUD: $688,000 in Funding Provided for Public Housing Authorities to Help Youth Aging Out of Foster Care

Funding Deployed During National Foster Care Month 2023 Today, as the country marks National Foster Care Month, the U.S. Department of Housing and Urban Development (HUD) announced that it will make available $688 thousand to 12 public housing authorities (PHAs) in 9 states, including California, Oregon, Texas, West Virginia, and Wisconsin. These PHAs will receive…

HUD: $95.5 Million Awarded for Affordable Housing and Community Development Activities in Native American Communities

Funds support development and operation of low-income housing The U.S. Department of Housing and Urban Development (HUD) today awarded $95 million to 55 communities through the Indian Community Development Block Grant (ICDBG) Program. Grant funds may be used for infrastructure, community facilities, housing rehabilitation, economic development, and more to support Native American and Alaskan Native…

CDFI Fund: FY 2023 Bank Enterprise Award Program Application Deadline Extended to June 8th

On March 31, 2023, the Community Development Financial Institutions Fund (CDFI Fund) announced the publication of the Fiscal Year (FY) 2023 Bank Enterprise Award Program (BEA Program) Notice of Funds Availability (NOFA) with a deadline for submitting a FY 2023 BEA Program Application in the Awards Management Information System (AMIS), the CDFI Fund’s web-based portal,…

CDFI Fund: Application Demand Released for FY Round of Capital Magnet Fund

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the application data for the fiscal year (FY) 2023 round of its Capital Magnet Fund (CMF) program. A total of 144 organizations submitted applications requesting more than $1.1 billion in funding. The applicants propose to serve 49 states, the District…

EDA: First Tech Hubs Funding Opportunity Launched

As part of the President’s Investing in America Agenda, the U.S. Department of Commerce seeks applications to develop regional centers of innovation and job creation The Biden-Harris administration, through the U.S. Department of Commerce’s Economic Development Administration (EDA), today launched the Regional Technology and Innovation Hubs (Tech Hubs) competition. This program will create tech hubs in regions…

HUD: More Than $22 Million Awarded to Expand Access to Affordable Housing & Homeownership

$12.5 million in Self-Help Homeownership Opportunity (SHOP) Grants; $10 million Rural Capacity Building Grants The U.S. Department of Housing and Urban Development (HUD) today awarded $12 million in grants to support non-profit, self-help housing organizations that enable homeownership opportunities for hard-working, low-income families and individuals. Funded through HUD’s Self-Help Homeownership Opportunity Program (SHOP), the grants awarded…