Investment

EDA: $2.3 Million Invested for Roadway Infrastructure Improvements to Support Economic Growth in Ruidoso, NM

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2.3 million grant to the Village of Ruidoso, New Mexico, for roadway infrastructure improvements needed to support business and economic growth. This grant will design the restructure of the U.S. Highway 70 and NM Highway 48 intersection to…

EDA: $637,147 Invested to Support Disaster Resiliency and Economic Growth in San Jose, CA

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $637,147 grant to San Jose State University Research Foundation in San Jose, California, to strengthen the Moss Landing Marine Laboratory site against sea level rise and natural disasters, and to spearhead development of a working waterfront to serve as a commercial asset…

CDFI Fund: Application Demand for FY 2024 Round of the Capital Magnet Fund Released

Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released the application data for the fiscal year (FY) 2024 round of its Capital Magnet Fund (CMF) program. This is the ninth round of funding for the CMF program. A total of 136 organizations submitted applications requesting more than $1.06 billion…

HUD: $150 Million Made Available for Affordable Housing in Tribal Communities

Funding focuses on the construction of new homes, housing rehabilitation, and support for low-income families across Indian Country. Today, the U.S. Department of Housing and Urban Development (HUD) announced the availability of $150 million in funding. This funding is designated for affordable housing projects benefiting low-income families in American Indian and Alaska Native communities through…

HUD: $26 Million Available to Promote Fair Housing and Root Out Discrimination

Funds will go to state and local fair housing enforcement partners. Today, the U.S. Department of Housing and Urban Development (HUD) is awarding $26 million in non-competitive funding available to HUD’s state and local fair housing enforcement agencies across the country under its Fair Housing Assistance Program (FHAP). The FHAP is an intergovernmental partnership between the…

HUD: Nearly $67 Million Announced in New Funding to Make Homes More Energy Efficient and Climate Resilient

Awards from President Biden’s Investing in America Agenda will combat the climate crisis, advance environmental justice, and improve lives for residents in HUD-supported housing. The U.S. Department of Housing and Urban Development (HUD) today announced nearly $67 million in new grant and loan awards for 12 properties under its Green and Resilient Retrofit Program (GRRP) as part…

HUD: $5 Million Made Available for Historically Black Colleges and Universities to Conduct Housing and Community Development Research

The U.S. Department of Housing and Urban Development (HUD) released a $5 million notice of funding opportunity (NOFO) to fund research at one or more Research Centers of Excellence at Historically Black Colleges and Universities (HBCUs). The funded Centers will conduct research projects on topics of strategic interest to HUD and produce research that provides evidence-based solutions…

EDA: $4 Million Invested for Water Infrastructure Improvements to Support Job Creation in Burley, ID

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $4 million grant to the city of Burley, Idaho, to support job creation and business expansion in the region. This grant will support the expansion of an industrial wastewater treatment facility, providing greater capacity to local businesses and…

EDA: $2 Million Invested for Building Infrastructure Improvements to Boost Healthcare Workforce Training in Plano, TX

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the Collin County Community College District in Plano, Texas, for building infrastructure improvements to support healthcare workforce training.  This grant will support the construction of a new health care and instruction facility, preparing students…

EDA: $1.8 Million Invested to Boost Workforce Development Efforts in New Orleans, LA

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.8 million grant to The Split Second Foundation Inc. in New Orleans, Louisiana, for building infrastructure improvements to support workforce development efforts.  This grant will renovate existing commercial space to support the Center for Health and Job Development,…