Investment

SBA: Small Business Investment Companies of the Year Announced

Companies and their managers to be formally recognized during National Small Business Week Awards Ceremony Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and voice in President Biden’s Cabinet for America’s 33 million small businesses, announced Stonehenge Community Impact Fund, L.P.  of Columbus, Ohio, and Balance Point Capital Partners, L.L.C. of Westport, CT…

FEMA: Updated Guide Released to Help Communities with Resilience Grants Process

FEMA released an updated and consolidated guidance to help grant applicants successfully navigate our mitigation grant programs to enhance climate resiliency. Following a multi-year effort and robust community engagement, FEMA updated the Hazard Mitigation Assistance Program and Policy Guide to reduce complexities and increase stakeholder accessibility to resilience grant programs. This is the first update to the guide…

HUD: $30 Million in Funding Available for Public Housing Agencies to Help Youth Aging Out of Foster Care

Agencies are encouraged to apply for funding The U.S. Department of Housing and Urban Development (HUD) announced that it will make available $30 million to public housing authorities (PHAs) on a non-competitive basis through HUD’s Foster Youth to Independence (FYI) Initiative to provide housing assistance to young adults who are transitioning out of foster care…

EDA: $1.3 Million Invested to Boost Aerospace Sector in Greenville, TX

Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.3 million grant to the city of Greenville, Texas, to make roadway improvements needed to expand the region’s critical aerospace sector. This project will construct a new roadway alignment for the existing Majors Road at Greenville Municipal Airport…

CDFI Fund: Update Provided on the Implementation of the 2016-2020 American Community Survey Datasets

In June 2022, the Community Development Financial Institutions Fund (CDFI Fund) announced a plan for releasing updated program eligibility information based upon Census Bureau data from the American Community Survey (ACS) 2016-2020 5-year data series. Eligibility requirements for the Bank Enterprise Award Program (BEA Program), Capital Magnet Fund (CMF), Community Development Financial Institutions Program (CDFI Program), Native…

HUD: $54 Million Awarded to 182 Grantees in 42 States to Fight Housing Discrimination

Ahead of anniversary of PAVE Action Plan, some grants empower organizations to test for appraisal bias and educate local communities The U.S. Department of Housing and Urban Development (HUD) today awarded $54 million to 182 fair housing organizations across the country under its Fair Housing Initiatives Program (FHIP). The grants will provide $28,200,000 to support the…

HUD: New High-Speed Internet Guide Highlights Unprecedented Funding to Support Underserved Communities

Today, the U.S. Department of Housing and Urban Development announced a new guidebook for states and organizations to consider when deploying high-speed Internet service projects. The guide will help Public Housing Authorities, Multifamily Owners and Operators, and Tribes understand the mechanics of these two programs and the role they can play in ensuring that funds come to…

HUD: $6 Million Awarded to Improve the Safety and Health of Homes of Low-Income Families

Funds will reduce risks from radon and other hazards in homes The U.S. Department of Housing and Urban Development (HUD) today awarded nearly $6 million to public housing agencies and a state housing authority to protect children and families from housing-related hazards, including radon exposure. HUD is awarding 10 grants to public housing agencies under…

HUD: Overhaul of Disaster Recovery Program Announced to Better Deliver for Impacted Communities

Announcement includes the creation of a new HUD office focusing on disaster recovery and $3.3 billion to help communities across the country recover, build resilience Today, the U.S. Department of Housing and Urban Development (HUD) announced an overhaul of the agency’s disaster recovery efforts to better serve communities who face the direct impacts of weather-related…

CDFI Fund: Public Comments Requested on Community Development Entity Certification Application

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 continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the Community Development Financial Institutions Fund (CDFI Fund), U.S….