Investment

EDA: Recompete Pilot Program Launches to Fund Opportunity in Distressed Areas

As part of the President’s Investing in America Agenda, the U.S. Department of Commerce seeks applications to revitalize communities by creating and connecting people to good jobs The Biden-Harris administration, through the U.S. Department of Commerce’s Economic Development Administration (EDA), today launched the Distressed Area Recompete Pilot Program (Recompete) competition.   Recompete was authorized by the CHIPS and…

HUD: $75 Million in Funding Available for Tribal Communities for Community Development

Funds support development of infrastructure and community facilities in Tribal Communities The U.S. Department of Housing and Urban Development (HUD) announced that it will make available $75 million through the Indian Community Development Block Grant (ICDBG) Program. Grant funds may be used for infrastructure, community facilities, housing rehabilitation, public services, economic development, and more to support Native…

EDA: $3 Million Invested to Establish Business Industrial Park in Vineland, NJ

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the city of Vineland, New Jersey, to support business growth and job creation through the development of a new industrial park. The EDA grant will provide support for infrastructure improvements, including a new service…

EDA: $1.6 Million Invested to Support Manufacturing Growth on Tribal Land in Louisiana

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.6 million grant to the Tunica-Biloxi Tribe of Louisiana, located in Marksville, Louisiana, for construction of a multi-enterprise manufacturing facility that will support the growth of the region’s manufacturing sector and create new jobs.  This grant will support…

HUD: Research Grant Opportunity Announced to Study Off-site Construction and Land Use Reforms

On June 15, the U.S. Department of Housing and Urban Development (HUD) released a notice of funding opportunity (NOFO) to build the evidence base to accelerate the adoption of innovative and effective practices and policies to increase the production and supply of quality, affordable housing. The NOFO provides up to $4 million to (1) assess the potential…

HUD: $14.4 Million in Housing Counseling Grants Awarded

Awards will support efforts to expand housing services and counseling into underserved communities The U.S. Department of Housing and Urban Development’s (HUD) Office of Housing Counseling (OHC) is announcing today that it has awarded more than $14.4 million in housing counseling grant funding to 180 housing counseling organizations. The awards will support the comprehensive housing counseling services…

HUD: $2 Million in Funding Available to Small Communities through Main Street Program

Today, the US Department of Housing and Urban Development (HUD) announced a Notice of Funding Opportunity (NOFO) of $2 million through the HOPE VI Main Street Program. This grant program provides assistance to communities looking to create affordable housing in central business districts (Main Street areas) that are undergoing redevelopment. HUD is looking to target…

CDFI Fund: Sources Sought Notice Issued for the CDFI Rapid Response Program, CDFI Equitable Recovery Program and Emergency Capital Investment Program

On June 15, 2023, the Community Development Financial Institutions Fund (CDFI Fund) released a Sources Sought Notice for a multi-year evaluation of the CDFI Fund’s CDFI Rapid Response Program (CDFI RRP), CDFI Equitable Recovery Program (CDFI ERP), and the U.S. Department of the Treasury’s (Treasury) Emergency Capital Investment Program (ECIP). Industry and subject-matter experts are…

EDA: $1 Million Invested to Support Aerospace Manufacturing Business Growth in Luling, TX

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1 million grant to the city of Luling, Texas, to support business growth and job creation through infrastructure improvements at the city’s industrial park. This grant will provide roadway, water, and broadband improvements to support business expansion in…

HUD: $22.5 Million in Funding Made Available to Public Housing Authorities for Jobs Plus Program

Funding will help public housing residents gain employment and education opportunities The U.S. Department of Housing and Urban Development (HUD) today announced that it will make available $22.5 million to public housing authorities (PHAs) to help families increase their earned income and improve their economic mobility through the Jobs Plus program. HUD’s Jobs Plus program…