CDFI Fund: Application Demand for CY 2022 Round of NMTC Program Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that it received 197 applications for the calendar year (CY) 2022 round of the New Markets Tax Credit Program (NMTC Program). The NMTC Program advances economic development in economically distressed communities by making tax credit allocations available to Community Development…
EDA: $2 Million Invested to Support Educational Training for Advance Manufacturing in Central Wisconsin
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to Mid-State Technical College, Wisconsin Rapids, Wisconsin, to support the development of the College’s Advanced Manufacturing, Engineering Technology and Apprenticeship (AMETA) Center. Located on the College’s Stevens Point campus, the AMETA will provide the…
CDFI Fund: Annual Compliance, Certification and Reporting Obligations Reminder
Are you the Authorized Representative of an organization that has received a Community Development Financial Institutions Fund Award (CDFI Fund) Award and/or Allocation? If so, don’t forget that in order to maintain compliance with your Assistance and/or Allocation Agreement(s) you must complete and submit the annual compliance report(s) as specified in your agreement(s). Failure to…
CDFI Fund: Upcoming Deadlines for FY 2023 Capital Magnet Fund Round Applicants
As a reminder for fiscal year (FY) 2023 Capital Magnet Fund applicants, the deadline to submit the complete FY 2023 Capital Magnet Fund Application through the Awards Management Information System (AMIS) is March 21, 2023 at 11:59 p.m. Eastern Time (ET). To ensure a successful application submission, the Community Development Financial Institutions Fund (CDFI Fund) encourages…
SBA: DoD and SBA Sign Joint Agreement to Drive Investment to U.S. Critical Technologies at South by Southwest Festival in Austin
Today, the U.S. Small Business Administration (SBA) and the U.S. Department of Defense (DoD) announced that on Friday, March 10, they intend to sign a historic Memorandum of Agreement at the South by Southwest (SXSW) festival in Austin, Texas. This agreement establishes the framework for DoD’s newly established Office of Strategic Capital (OSC) and the SBA’s Office of…
HUD: $96.5 Million Rental Assistance Demonstration Conversion Transactions Closed to Preserve and Rehabilitate 500 Senior Homes in Chicago, IL
Chicago Housing Authority leverages RAD to support rehabilitation of affordable rental homes at two properties for seniors. The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing is announcing today it recently closed two Rental Assistance Demonstration (RAD) transactions with the Chicago Housing Authority (CHA) to finance the rehabilitation of affordable rental homes…
FEMA: $350 Million Awarded for Humanitarian Assistance Through the Emergency Food and Shelter Program
Today, the Department of Homeland Security, through FEMA, announced it will publish a Notice of Funding Opportunity (NOFO) for $350 million under the humanitarian portion of the Emergency Food and Shelter Program (EFSP-H) to help local communities around the country better manage the costs of noncitizen arrivals in their communities. This is the first major…
HUD: More than $794 Million Awarded for Affordable Housing Activities in Native American Communities
Funds support development and operation of low-income housing Today, the U.S. Department of Housing and Urban Development (HUD) announced more than $794 million in Indian Housing Block Grant (IHBG) formula funding for eligible Native American Tribes, Alaska Native Villages, and Tribally Designated Housing Entities (TDHEs) to carry out affordable housing activities in Tribal communities. Click here to…
FHFA: $545 Million Announced for Affordable Housing Programs
Funds disbursed to Housing Trust Fund and Capital Magnet Fund Today, FHFA announced that the Housing Trust Fund and Capital Magnet Fund will receive approximately $545 million for affordable housing initiatives from Fannie Mae and Freddie Mac (the Enterprises). “The need for more affordable housing has never been greater,” said Director Sandra L. Thompson. “A…
FEMA: $2 Billion in Department of Homeland Security Preparedness Grants Announced
Secretary of Homeland Security Alejandro N. Mayorkas today announced more than $2 billion in funding for eight Fiscal Year 2023 preparedness grant programs. These grant programs provide critical funding to help state, local, tribal and territorial officials prepare for, prevent, protect against and respond to acts of terrorism. Secretary Mayorkas issued the following statement on this year’s…