EDA: $735,000 Invested in Critical Roadway Infrastructure near Opportunity Zone in Mattapoisett, MA
oday, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $735,000 grant to the town of Mattapoisett, Massachusetts, to reconstruct a critical roadway that serves an industrial park and surrounding businesses. The EDA grant project, to be located near a Tax Cuts and Jobs Act Opportunity Zone, will be matched with $735,000 in…
EDA: $513,274 Invested to Support Manufacturing in Atkinson, IL
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $513,274 grant to the Village of Atkinson, Illinois, to make critical sewer infrastructure improvements needed to support the growth of manufacturing businesses in the region. This EDA grant, to be matched with $513,274 in local investment, is expected to create or retain…
CDFI Fund: $130.9 Million Announced in Awards for Affordable Housing Nationwide
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 38 organizations $130.9 million today for the development of affordable housing and community facilities in low-income communities. These awards were made through the fiscal year (FY) 2019 round of the Capital Magnet Fund, and will support financing for the preservation, rehabilitation,…
CDFI Fund: Request for Public Comment – CDFI Program, NACA Program and NMTC Program Annual Reports
The 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. Currently, the Community Development Financial Institutions Fund (CDFI Fund),…
EDA: $5.6 Million Invested to Provide Critical Infrastructure Needed to Prevent Flooding in Williamsport, PA Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $5.6 million grant to Lycoming County, Pennsylvania to prevent flooding by repairing a structurally unsound I-wall located within the Northeast levee in Williamsport. The EDA grant, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, will…
EDA: $1.8 Million Invested to Establish Revolving Loan Fund to Assist Businesses in Disaster-Impacted Northern California
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.8 million grant to 3CORE, Inc. of Chico, California, to establish a Revolving Loan Fund (RLF) to create stronger and more economically resilient communities in wildfire-impacted Butte, Glenn, and Tehama counties. The EDA grant, to be matched…
CDFI Fund: FY 2020 CDFI Program and NACA Program Round Open for Applications
Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2020 funding round for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program). The awards from these programs will support Community Development Financial Institutions (CDFIs) that provide affordable financing…
EDA: Over $700,000 Invested to Support Tribal Disaster Recovery Efforts in Wisconsin
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $709,222 grant to the Bad River Band of Lake Superior Tribe of Chippewa Indians in Odanah, Wisconsin, to hire an Economic Recovery Coordinator to advance disaster recovery efforts in the region. The project is located near a Tax Cuts and Jobs Act designated Opportunity Zone….
HUD: $655 Million Announced to Help Tribes Support More Affordable Housing
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced more than $655 million in Indian Housing Block Grants (IHBG) to Native American Tribes in 38 States. Funding is distributed to eligible Tribes and their tribally designated housing entities (TDHEs) to carry out a range of affordable housing activities in their communities….
HUD: $20 Million Awarded to Help Public Housing Residents Secure Higher Paying Jobs
Housing Authorities in nine communities will receive funding under Jobs Plus U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today visited Carmelitos Public Housing Development and announced a $20 million investment to nine public housing agencies (PHA) to help public housing families increase their earned income and become self-sufficient. See chart below…