Distressed

HUD: $40 Million Choice Neighborhoods Implementation Grant Awarded to Atlanta, GA

The Housing Authority of Atlanta will redevelop Bowen Homes and the entire Bowen area Today, U.S. Department of Housing and Urban Development (HUD) General Deputy Assistant Secretary for Public and Indian Housing Dominique Blom was joined by Congresswoman Nikema Williams and Mayor Andre Dickens in announcing the awarding of the Choice Neighborhoods Implementation (CNI) grant…

HUD: $50 Million Choice Neighborhoods Implementation Grant Awarded to Pittsburgh, PA

The Housing Authority of the City of Pittsburgh will redevelop Bedford Dwellings public housing property and the Hill District area. Today, U.S. Department of Housing and Urban Development (HUD) Public and Indian Housing Principal Deputy Assistant Secretary Richard Monocchio, announced the awarding of a Choice Neighborhoods Implementation (CNI) grant for $50 million to the Housing…

HUD: $40 Million Choice Neighborhoods Implementation Grant Awarded to Miami-Dade County, FL

Miami-Dade County will redevelop Cutler Manor and the Goulds neighborhood Today, U.S. Department of Housing and Urban Development (HUD) Assistant Deputy Secretary for Field Policy and Management Michele Perez announced the awarding of Choice Neighborhoods Implementation (CNI) grant for $40 million to the Miami-Dade County to redevelop Cutler Manor in the Goulds area. Assistant Deputy…

HUD: $50 Million Choice Neighborhoods Implementation Grant Awarded to Tucson, AZ

The City of Tucson will redevelop Tucson House and the entire Thrive in the 05 neighborhood Today, U.S. Department of Housing and Urban Development (HUD) Principal Deputy Assistant Secretary for Public and Indian Housing Richard Monocchio announced the awarding of Choice Neighborhoods Implementation (CNI) grant for $50 million to the City of Tucson to redevelop…

HUD: $50 Million Choice Neighborhoods Implementation Grant Awarded to Wilmington, DE

The Wilmington Housing Authority will redevelop Riverside Public Housing and the entire Northeast area Today, U.S. Department of Housing and Urban Development (HUD) Deputy Secretary Adrianne Todman announced the awarding of a Choice Neighborhoods Implementation (CNI) grant for $50 million to the Wilmington Housing Authority and the City of Wilmington to redevelop Riverside public housing…

EDA: Recompete Pilot Program Launches to Fund Opportunity in Distressed Areas

As part of the President’s Investing in America Agenda, the U.S. Department of Commerce seeks applications to revitalize communities by creating and connecting people to good jobs The Biden-Harris administration, through the U.S. Department of Commerce’s Economic Development Administration (EDA), today launched the Distressed Area Recompete Pilot Program (Recompete) competition.   Recompete was authorized by the CHIPS and…

Agencies Release List of Distressed and Underserved Nonmetropolitan Middle-Income Geographies for 2023

Federal bank regulatory agencies today made available the 2023 list of distressed or underserved nonmetropolitan middle-income geographies. The Community Reinvestment Act (CRA) encourages banks to help meet the credit needs of their local communities, including low- and moderate- income communities, in a safe and sound manner. Distressed or underserved nonmetropolitan middle-income geographies are census tracts…

Census Bureau: New Report Released About Persistent Poverty at County and Census Tract Levels

Today the U.S. Census Bureau released a new report, “Persistent Poverty in Counties and Census Tracts.” While definitions vary, geographies are typically considered to be in persistent poverty if they maintained poverty rates of 20% or more for 30 years. The report examines county and subcounty geographies (specifically, census tracts), identifying additional populations that may benefit…

EDA: $729,560 Invested to Boost Minority-Owned Business Growth in Mobile, AL

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $729,560 grant to Vivian’s Door, Mobile, Alabama, to provide technical assistance to minority-owned and distressed local businesses. This grant will support the Vivian’s Door Initiative to continue to build the capacity of small business owners, with a focus on marginalized and underserved…

HUD: $98 Million Awarded in Choice Neighborhoods Implementation Grants and New $10 Million Funding Opportunity Opened for Local Planning Efforts

HUD’s Signature Place-Based Program Continues to Invest in “Housing, People, and Neighborhoods” Nationwide U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge today announced “Supplemental Grant” awards for Choice NeighborhoodsImplementation Grantees totaling more than $98 million. In addition, HUD is opening a notice of funding opportunity (NOFO) for $10 million to support local planning…