CDFI Fund: FY 2023 Capital Magnet Fund Funding Round Opens
Today the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2023 funding round for the Capital Magnet Fund. Through the Capital Magnet Fund, the CDFI Fund competitively awards funds to Community Development Financial Institutions (CDFIs) and qualified non-profit housing organizations. These awards can be used to…
EDA: $1.5 Million Invested for Water Infrastructure Improvements to Support Business Growth in Hawkins County, TN
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to the First Utility District of Hawkins County, Tennessee, for water infrastructure improvements needed to support business growth. This grant will provide the reliable water service capacity needed for a major glass manufacturer…
EDA: $1.5 Million Invested for Water Infrastructure Improvements to Support Business Expansion in Eden, NC
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to the city of Eden, North Carolina, to boost capacity for business growth by renovating the Eden sewer treatment facility. This grant will provide reliable water service necessary for a major pet food…
EDA: $794,472 Invested to Boost Business Growth in Coal-Impacted and Other Underserved Communities in Georgia
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $794,472 grant to the Georgia Southern University Research and Service Foundation, Inc., Statesboro, Georgia, to connect businesses in underserved areas of Georgia with the technical assistance they need to grow and thrive. This project will allow Georgia Southern University’s Georgia Enterprise Network…
HUD: $568 Million Announced to Address Lead-Based Paint & Additional Housing-Related Hazards
In total, HUD has made more than $2.7 billion available to invest in healthy homes Today, the U.S. Department of Housing and Urban Development (HUD) announced two historic Notices of Funding Opportunities (NOFOs) that will make homes healthier and safer for low-income families. With this investment, since 1993, HUD has made more than $2.7 billion…
HUD: Rental Assistance Demonstration Conversion Closed with Housing Authority of the City of New Haven, CT as a Step in Plan to Preserve 110 Affordable Rental Homes
$16.7 million RAD transaction includes construction of 32 new affordable rental homes and a community center at Waverly Townhouses as part of second phase of Housing Authority’s re-development plan The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing is announcing today that it recently closed a Rental Assistance Demonstration (RAD) transaction with…
HUD: Rental Assistance Demonstration Conversion Closed in Albany, NY to Faciltate Creation and Rehabilitation of Affordable Rental Homes
HUD CLOSES RENTAL ASSISTANCE DEMONSTRATION (RAD) CONVERSION IN ALBANY, NY, TO FACILITATE CREATION AND REHABILITATION OF AFFORDABLE RENTAL HOMES $32 million transaction with the Albany Housing Authority will facilitate creation and preservation of 88 affordable rental homes in Steamboat Square Community. WASHINGTON, D.C. – The U.S. Department of Housing and Urban Development’s Office of Multifamily…
HUD: Rental Assistance Demonstration Conversion Closed in Boston, MA to Preserve 445 Affordable Rental Homes
$66 million transaction with Boston Housing Authority (BHA) preserves and rehabilitates 445 public housing homes as permanently affordable housing at Mission Main. The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing announced today that it recently closed a Rental Assistance Demonstration (RAD) transaction with the Boston Housing Authority (BHA) in Boston, MA,…
EDA: $3 Million Invested to Grow Skilled Healthcare Workforce in Southwestern Wyoming
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to Western Wyoming Community College District, Rock Springs, Wyoming, to help diversify the economy by boosting the region’s healthcare workforce. The EDA project will renovate existing facilities and construct new educational spaces to support…
EDA: $2.4 Million Invested to Make Roadway Infrastructure Improvement in Support of Commerce in Eastern Ohio
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.4 million grant to the County of Mahoning, Ohio, to support the Mahoning Avenue Industrial Corridor Upgrade project. The project will provide roadway upgrades, bridge replacements, drainage enhancements, and other necessary improvements to better position the corridor…