EDA: $800,000 Invested to Capitalize a Revolving Loan Fund and Support Small Businesses in South Dakota
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $800,000 grant to the Northeast Council of Governments Development Corporation in Aberdeen, South Dakota, to capitalize and administer a Revolving Loan Fund (RLF) serving small businesses in 12 counties in Northeast South Dakota. The RLF will support businesses facing obstacles in obtaining…
CDFI Fund: Application Reminders & Updates for the FY 2024 BEA Program Application Round Released
As a reminder for fiscal year (FY) 2024 Bank Enterprise Award Program (BEA Program) Applicants, the deadline for online submission of the SF-424 Mandatory through Grants.gov is May 28, 2024, at 11:59 p.m. Eastern Time (ET). This is also the deadline for creating an account for the CDFI Fund’s Awards Information Management System (AMIS) and entering…
HUD: Agreement Negotiated with North Carolina Office of Recovery and Resiliency to Remove Barriers to Disaster Recovery Funds
The U.S. Department of Housing and Urban Development (HUD) announced today that it has entered into a Conciliation Agreement and Voluntary Compliance Agreement (Agreement) with the North Carolina Office of Recovery and Resiliency (NCORR) resolving an allegation that NCORR discriminated in its disaster recovery programs because of race. A North Carolina resident who filed a…
HUD: Nearly $40 Million Awarded to Expand Housing Counseling for Underserved Communities
Vice President Harris and Acting Secretary Todman announced this funding, which will help to bridge the racial homeownership gap and foster the next generation of homeowners. Today, Vice President Kamala Harris and HUD Acting Secretary Adrianne Todman announced that the Biden-Harris Administration is awarding nearly $40 million to expand comprehensive housing counseling services for homebuyers,…
HUD: Proposed Rulemaking Issued to Modernize the Country’s Largest Affordable Housing Grant Program, Making Housing More Accessible for Families Nationwide
The Notice of Proposed Rulemaking for HUD’s HOME Investment Partnerships Program would boost housing supply, support homeownership, and reduce burden on states and local governments. The U.S. Department of Housing and Urban Development (HUD) published a preview of a Notice of Proposed Rulemaking to modernize regulations for the HOME Investment Partnership Program (HOME), with publication…
HUD: $1.1 Billion Announced for Tribal Housing and Community Development
Funding will address housing challenges in Tribal communities, marking an historic increase in federal support. Today, U.S. Department of Housing and Urban Development (HUD) Acting Secretary Adrianne Todman welcomed the Tribal Intergovernmental Advisory Committee at HUD Headquarters where she announced awarding a record $1.1 billion in funding for the Indian Housing Block Grant (IHBG) program…
HUD: $30 Billion Investment Announced to Keep American Families Housed
Housing Choice Voucher Program Renewal Funding Supports Affordable Housing Nationwide. Today, the U.S. Department of Housing and Urban Development (HUD) announced $30 billion in renewal funding for the Housing Choice Voucher Program (HCV). This funding will help Public Housing Authorities (PHAs) continue to provide assistance to families and individuals who are in need of affordable…
EDA: $6.3 Million Invested to Support Business Growth and Workforce Development in Texas
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is investing $6.3 million in the state of Texas to support business growth and workforce development following natural disasters in the state. The EDA investments announced today are: “Building a strong and resilient workforce is a crucial component of President Biden’s…
EDA: $3.9 Million Invested to Support Disaster Recovery and Workforce Development in New Mexico
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is investing $3.9 million in the state of New Mexico to support economic and workforce development following natural disasters in the state. The EDA investments announced today are: “President Biden is committed to ensuring that all communities in New Mexico and…
EDA: $3 Million Invested to Establish Business and Entrepreneurship Center in Tulsa, OK
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the Tulsa Economic Development Corporation in Tulsa, Oklahoma, to create a business and entrepreneurship center. This grant will provide services, tenant opportunities, and meeting space for local entrepreneurs. This EDA investment will be matched…