CDFI Fund: FY 2025 Bond Guarantee Program Application Period Now Open
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2025 application period for the CDFI Bond Guarantee Program. A total of up to $500 million in bond guarantee authority is estimated to be available for Eligible Community Development Financial Institutions (Eligible CDFIs) in FY 2025,…
CDFI Fund: Public Data Released on CDFI/NAC and RRP Recipients through 2023
The Community Development Financial Institutions Fund (CDFI Fund) is releasing the fiscal year (FY) 2022 snapshot report and public data file based on Transaction Level Report (TLR) and Consumer Loan Report (CLR) data. This data was reported in FY 2023 by active Community Development Financial Institutions Program (CDFI Program) and Native American Community Assistance Program…
FEMA: Territories and Tribal Nations Designated to Receive Targeted Assistance for Disaster Resilience
Today, FEMA is announcing the designation of 275 census tracts in territories and on Tribal Nation lands as Community Disaster Resilience Zones. These zones will be eligible for increased federal support to become more resilient to natural hazards and extreme weather. Congress directed FEMA to designate these zones in the Community Disaster Resilience Zones Act of…
HUD: $400,000 Awarded to West Virginia University for Research on Innovative Housing Construction
The project will test and standardize innovative construction practices for greener housing systems. Today, the U.S. Department of Housing and Urban Development’s (HUD) Office of Policy Development and Research awarded a grant of $400,000 to West Virginia University (WVU) to support research on innovative housing construction methods. “There are not enough quality affordable homes in…
EDA: $600,000 Invested to Support Small Business Growth in Puerto Rico
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $600,000 grant to Friends of Puerto Rico in Aguadilla, to support small business growth in the region. This grant will establish a technical assistance program to provide training, education, and access to funding for small businesses impacted by Hurricane Fiona. This EDA…
HUD: More Than $72 Million Awarded to Empower Native American Communities Across the Nation
Funds support community development, affordable housing, infrastructure, and community facilities. Today, the U.S. Department of Housing and Urban Development (HUD) awarded $72.6 million to 38 communities through the Indian Community Development Block Grant (ICDBG) program. These grant funds may be used for infrastructure, community buildings, housing rehabilitation, land acquisition, economic development, and more to support…
CDFI Fund: Public Comments Sought on CDFI Bond Guarantee Program Materials
The U.S. Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Pub. L. No. 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently,…
HUD: $1.3 Million Announced to Prevent Homelessness
Funding will support housing assistance for young adults transition out of foster care. Today, the U.S. Department of Housing and Urban Development (HUD) announced $1.3 million in funding for 21 Public Housing Agencies (PHAs) across 15 states for young adults under 25 years old who left foster care or are transitioning out of foster care….
CDFI Fund: Public Comments Sought on the Small Dollar Loan Program Application
The U.S. Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the Community Development Financial Institutions Fund (CDFI Fund), U.S….
EDA: $3.3 Million Invested for Water and Wastewater Infrastructure Improvements to Support Industrial Development and Job Growth in Rice Lake, MN
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $3.3 million grant to the city of Rice Lake, Minnesota, for water and wastewater infrastructure improvements to boost industrial development and job growth in the region. This grant will help establish a new Minnesota Power service center in…