EDA: U.S. Economic Development Administration Reauthorized by Congress for First Time in 20 Years
Bipartisan legislation will modernize the EDA and other regional commissions whose mission is to spur economic growth in communities across the country The U.S. Department of Commerce’s Economic Development Administration (EDA) celebrates its historic reauthorization by Congress, allowing it to continue its legacy of promoting American innovation and competitiveness by providing grants and support to communities across…
CDFI Fund: Update to the CY 2024-2025 NMTC Program Application FAQs Released
The Community Development Financial Institutions Fund (CDFI Fund) has posted on its website an updated calendar year (CY) 2024-2025 New Markets Tax Credit Program (NMTC Program) Allocation Application Frequently Asked Questions (FAQs) document. The updates to this document are provided in response to questions submitted in response to the CDFI Fund’s Paperwork Reduction Act request for comments…
HUD: $12 Million Invested to Strengthen Rural Communities
With nearly $550 million invested, grants empower non-profits to expand affordable housing and boost community development for families in rural America. The U.S. Department of Housing and Urban Development (HUD) today awarded $12 million in capacity-building grants to five national non-profit organizations through the FY 23-24 Rural Capacity Building program which will fund rural housing…
CDFI Fund: FY 2025 Bond Guarantee Program Application Period Now Open
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2025 application period for the CDFI Bond Guarantee Program. A total of up to $500 million in bond guarantee authority is estimated to be available for Eligible Community Development Financial Institutions (Eligible CDFIs) in FY 2025,…
CDFI Fund: Public Data Released on CDFI/NACA and RRP Recipients through 2023
The Community Development Financial Institutions Fund (CDFI Fund) is releasing the fiscal year (FY) 2022 snapshot report and public data file based on Transaction Level Report (TLR) and Consumer Loan Report (CLR) data. This data was reported in FY 2023 by active Community Development Financial Institutions Program (CDFI Program) and Native American Community Assistance Program…
FEMA: Territories and Tribal Nations Designated to Receive Targeted Assistance for Disaster Resilience
Today, FEMA is announcing the designation of 275 census tracts in territories and on Tribal Nation lands as Community Disaster Resilience Zones. These zones will be eligible for increased federal support to become more resilient to natural hazards and extreme weather. Congress directed FEMA to designate these zones in the Community Disaster Resilience Zones Act of…
HUD: $400,000 Awarded to West Virginia University for Research on Innovative Housing Construction
The project will test and standardize innovative construction practices for greener housing systems. Today, the U.S. Department of Housing and Urban Development’s (HUD) Office of Policy Development and Research awarded a grant of $400,000 to West Virginia University (WVU) to support research on innovative housing construction methods. “There are not enough quality affordable homes in…
EDA: $600,000 Invested to Support Small Business Growth in Puerto Rico
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $600,000 grant to Friends of Puerto Rico in Aguadilla, to support small business growth in the region. This grant will establish a technical assistance program to provide training, education, and access to funding for small businesses impacted by Hurricane Fiona. This EDA…
HUD: More Than $72 Million Awarded to Empower Native American Communities Across the Nation
Funds support community development, affordable housing, infrastructure, and community facilities. Today, the U.S. Department of Housing and Urban Development (HUD) awarded $72.6 million to 38 communities through the Indian Community Development Block Grant (ICDBG) program. These grant funds may be used for infrastructure, community buildings, housing rehabilitation, land acquisition, economic development, and more to support…
CDFI Fund: Public Comments Sought on CDFI Bond Guarantee Program Materials
The U.S. 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, Pub. L. No. 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently,…