Investment

HUD: $243 Million in Grants Awarded to Help U.S. Virgin Islands Recover from Hurricanes

The U.S. Department of Housing and Urban Development (HUD) today awarded $242.7 million to help the U.S. Virgin Islands to recover from Hurricanes Irma and Maria. HUD’s Deputy Secretary Pamela Hughes Patenaude announced the disaster recovery grants with Governor Kenneth E. Mapp during a tour of damaged homes in St. Thomas. These recovery funds awarded…

HUD: $1.5 Billion Awarded to Help Puerto Rico Recover from Hurricanes Irma and Maria

Disaster recovery funds to help repair damaged housing and businesses WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today awarded more than $1.5 billion to help Puerto Rico to recover from Hurricanes Irma and Maria. HUD’s Deputy Secretary Pamela Hughes Patenaude announced the disaster recovery grants with Governor Ricardo Rosselló during her…

HUD: $25 Million Offered to Clean Up Dangerous Lead in Public Housing

Funding to make low-income housing lead safe The U.S. Department of Housing and Urban Development (HUD) is offering $25 million in grants to identify and eliminate lead-based paint hazards in public housing. Read HUD’s Notice of Funding Availability (NOFA). These funds are offered through HUD’s Public and Indian Housing Lead-Based Paint Capital Fund Program. This…

CDFI Fund: FY 2018 Round CDFI Bond Guarantee Application Deadline Extended to February 16, 2018

On November 2, 2017, the Community Development Financial Institutions Fund (CDFI Fund) announced in a Notice of Guarantee Availability (NOGA) for the CDFI Bond Guarantee Program that the deadline for submitting a fiscal year (FY) 2018 Guarantee Application was 11:59 p.m. Eastern Standard Time (EST) on January 23, 2018. In anticipation of the publication of…

FEMA: Draft National Mitigation Investment Strategy Released for Public Comment

Hazard Mitigation Report Shows Benefits of Mitigation Strategies Following a report released today by the National Institute of Building Sciences that found, on average, every $1 spent on federally funded hazard mitigation grants saves $6 in future disaster costs, FEMA released the draft National Mitigation Investment Strategy for public comment. The draft National Mitigation Investment…

HUD: Record $2 Billion Awarded to Thousands of Local Homeless Assistance Programs Across U.S.

The U.S. Department of Housing and Urban Development today awarded a record $2 billion to support more than 7,300 local homeless assistance programs across the nation. HUD’s Continuum of Care grants provide critically needed support to local programs on the front lines of serving individuals and families experiencing homelessness. View a complete list of all…

SBA: New Grant Opportunities Announced for Women’s Business Center Funding

The U.S. Small Business Administration has announced the availability of two new grant opportunities for established and aspiring Women’s Business Center host organizations to provide outcome-oriented business services for women entrepreneurs. The first grant funding opportunity is the Women’s Business Center Initial Phase Grant (#OWBO-2017-01-1) that will provide $75,000 for up to six eligible nonprofit…

FDIC: Resource Guide Highlights Collaborative Opportunities with Minority Depository Institutions

The Federal Deposit Insurance Corporation (FDIC) today issued a resource guide that underscores ways insured depository institutions, including community banks, can partner with minority depository institutions (MDIs) to the benefit of all institutions involved, as well as the communities they serve. The resource guide also notes that banks may realize business and regulatory benefits from…