HUD: Rental Assistance Demonstration Reaches 100,000 Units of Affordable Public Housing Milestone
Secretary Ben Carson attends groundbreaking ceremony in Austin, TX U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced that 100,000 units of affordable public housing have been preserved through the Department’s Rental Assistance Demonstration (RAD), an innovative approach to confronting the dwindling and aging supply of public housing. In a groundbreaking ceremony today…
CFPB: New Research Report on the Geography of Credit Invisibility
Creditworthy consumers can face difficulties accessing credit if they lack a credit record that is treated as “scorable” by widely used credit scoring models. These consumers include those who are “credit invisible,” meaning that they do not have a credit record maintained by one of the nationwide consumer reporting agencies (NCRAs). They also include those…
CFPB: Opportunity for Organizations that Serve Economically Vulnerable Populations to Receive Support
For the past four years, the Bureau’s Office of Community Affairs (formerly the Office of Financial Empowerment) has supported organizations committed to helping people manage their money and work toward their goals using a suite of financial empowerment tools called Your Money, Your Goals. If your organization serves economically vulnerable populations and you are interested…
CDFI Fund: U.S. Treasury Awards $202.2 Million to Support Economic Growth in Low-Income Communities
Funds to Support Community Development Investments in Distressed Rural, Urban, and Native Communities The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 302 Community Development Financial Institutions (CDFIs) $202.2 million in awards today. The awards, through the fiscal year (FY) 2018 round of the Community Development Financial Institutions Program (CDFI…
EDA: $844,941 Invested to Support Business Development in Western Colorado
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $844,941 grant to the Telluride Foundation to boost business development efforts in western Colorado. According to grantee estimates, the project is expected to create or retain 23 jobs and spur $637,000 in private investment. “We commend the Telluride Foundation for supporting the…
EDA: $738,100 Invested to Support Manufacturing in Indiana
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $738,100 grant to the Flagship Enterprise Center of Anderson, Indiana, to expand the Flagship Manufacturing Center and provide a boon to businesses in the region. According to grantee estimates, the project is expected to create or retain more than 125 jobs and…
EDA: $600,000 Invested to Help Small Businesses in the Houston-Galveston Area in Wake of Hurricane Harvey
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $600,000 grant to Hidden Star Resources to help fuel new development and provide support to existing small businesses recovering from the effects of Hurricane Harvey. “We commend Hidden Star Resources for their efforts to provide support to small businesses after the destruction…
FEMA: Finding Assistance after Hurricane Florence
If you are a North Carolina homeowner or renter whose home is damaged, unsafe, or inaccessible because of Hurricane Florence, resources are available to help get you on the road to recovery. Do you have insurance? If you have a homeowner’s or flood insurance policy, file your insurance claim immediately before applying for disaster assistance….
CDFI Fund: Treasury Guarantees $150 Million in CDFI Bond Funding
Since Inception, Over $1.5 Billion Guaranteed for Projects in Low-Income Communities U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today the issuance of a $150 million guarantee under the Community Development Financial Institutions (CDFI) Bond Guarantee Program. The guarantee was issued to the Community Reinvestment Fund, USA (CRF) on behalf…
FEMA: President Trump Approves Major Disaster Declaration for South Carolina
The Federal Emergency Management Agency announced that federal disaster assistance has been made available to the state of South Carolina to supplement state, tribal and local recovery efforts in the areas affected by Hurricane Florence from September 8, 2018, and continuing. Federal funding is available to the state, tribal and eligible local governments and certain…