HUD: FHA Insures $46.9 Million Mortgage to Preserve Affordable Housing in Chicago, IL
Insurance endorsement provided by FHA preserves 272 affordable rental homes at Barbara Jean Wright Court Apartments The Federal Housing Administration (FHA) announced today that it has recently closed on a $46.9 million loan insured under FHA’s 221(d)(4) Substantial Rehabilitation Insurance program for Barbara Jean Wright Court Apartments in Chicago, Illinois. Through FHA-insured affordable mortgage financing…
EDA: 51 “Build to Scale” Grants Totaling $47 Million Announced to Fuel Innovation and Tech-Based Economic Development
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding 51 “Build to Scale” grants – totaling $47 million – to organizations that support technology entrepreneurs, catalyze innovation and fuel economic growth. EDA’s “Build to Scale” program provides annual grants that aim to accelerate technology entrepreneurship by increasing inclusive access to entrepreneurial…
HUD: Nearly $10.4 Million Awarded to Public Housing Agencies for Safety and Security Needs
The U.S. Department of Housing and Urban Development (HUD) today awarded nearly $10.4 million to Public Housing Agencies (PHA) to make needed capital improvements in public housing developments that serve to enhance safety and security for residents. “Safety in public housing is a top priority at HUD,” said Secretary Marcia L. Fudge. “These funds will help…
SBA: Funding Awarded to Organizations Delivering Service-Disabled Veteran Entrepreneurship Training Program
Today, Administrator Isabella Casillas Guzman , head of the U.S. Small Business Administration (SBA) and the voice for America’s 33 million small businesses in President Biden’s Cabinet, announced the awarding of $300,000 in funding to four organizations to deliver existing training programs through the SBA’s Service-Disabled Veteran Entrepreneurship Training Program. “Our veterans and military families are an important source of…
HUD: $5.4 Million Awarded to Public Housing Agencies to Correct Emergency Conditions
Set-Aside Funding Will Help Address Threats to the Health and Safety of Public Housing Residents The U.S. Department of Housing and Urban Development (HUD) today awarded $5.4 million to five Public Housing Agencies (PHAs) to correct emergency conditions that pose an immediate and imminent threat to the health and safety of public housing residents. The…
CDFI Fund: $355 Million in Bond Funding Announced for Projects in Low-Income Communities
U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that Treasury has agreed to issue three guarantees totaling $355 million under the Community Development Financial Institution (CDFI) Bond Guarantee Program. The guarantees will be issued on behalf of five Eligible CDFIs under the fiscal year (FY) 2022 round of the…
SBA: Over $5.4 Million in Grants Awarded to Strengthen Research Funding Opportunities Across the U.S.
Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 33 million small businesses in President Biden’s Cabinet, announced over $5.4 million in funding to 44 awardees through the Federal and State Technology (FAST) Partnership Program. FAST provides small businesses and startups, particularly those in underserved communities, with specialized training, mentoring, and…
HUD: Over $125 Million Awarded to Protect Families from Lead and Other Home Health and Safety Hazards
Funding to make low-income families’ homes safer and healthier The U.S. Department of Housing and Urban Development (HUD) today awarded over $125 million to 26 state and local government agencies to protect children and families from lead-based paint hazards and additional home health hazards. HUD is providing these grants through its Lead Hazard Reduction Grant…
EDA: $53 Million in American Rescue Plan Funds and CARES Act Recovery Assistance Invested Last Week
Last week, the following grants were made under the American Rescue Plan Funds and CARES Act Recovery Assistance programs: September 28, 2022 – U.S. Department of Commerce Invests $1.2 Million in American Rescue Plan Funds to Boost Tourism by Making Recreational Infrastructure Improvements in Portland, Oregon September 27, 2022 – U.S. Department of Commerce Invests $5 Million…
EDA: $915,900 Invested to Support Food Business Growth in Farmington, NM
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $915,900 grant to San Juan College, Farmington, New Mexico, to renovate and repurpose a city building to support the Harvest Food Hub and Kitchen. This grant will provide commercial kitchen space, training, and technical assistance for food entrepreneurs and businesses, supporting economic…