HUD: Nearly $315 Million Awarded in Historic Grants to Address Unsheltered and Rural Homelessness
The first of its kind package of grants and vouchers follows progress of 100,000 people and families housed and 40,000 housing units added to development pipeline by House America communities oday, the U.S. Department of Housing and Urban Development (HUD) is announcing the first set of communities to receive grants and vouchers to address homelessness…
SBA: Informational Webinars Announced for 2023 Growth Accelerator Fund Competition
Agency to Host Virtual Informational Events for Qualified Applicants February 6-9. Today, the U.S. Small Business Administration announced virtual events will be held for applicants for its seventh Growth Accelerator Fund Competition (GAFC). The GAFC will offer $13 million in prizes awarded in 2023 and 2024 aimed at expanding growth accelerators and creating innovative partnerships with…
SBA: Disaster Enterprise Transformed to Strengthen Support for Disaster-Impacted Communities
The Reimagined Office of Disaster Recovery & Resilience Will Position SBA to Support the Biden-Harris Whole-of-Government Climate Change Response Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s 33 million small businesses, announced the second stage of the Agency’s realignment and strengthening of its disaster…
CDFI Fund: Application Demand for Equitable Recovery Program Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the application data for the fiscal year (FY) 2022 round of its CDFI Equitable Recovery Program (CDFI ERP). The CDFI ERP is a new program created through the Consolidated Appropriations Act, 2021 (Pub. L. 116-260) that is intended to respond…
HUD: Community Compass Technical Assistance and Capacity-Building Program Seeking Technical Assistance Providers
Today, the U.S. Department of Housing and Urban Development (HUD) is announcing the availability of at least $80,681,000 for the Community Compass TA Program and capacity-building activities for HUD’s customers. This program is focused on solving complex housing and community development challenges by equipping HUD customers with the knowledge, skills, tools, and systems to implement…
FEMA: Twenty Tribes and All Inhabited U.S. Territories Now Eligible for FEMA’s Safeguarding Tomorrow Revolving Loan Fund Grant Program
FEMA is expanding the eligibility for a new grant program that provides capitalization grants to fund revolving loans for resilience-related activities. The Safeguarding Tomorrow Revolving Loan Fund grant program has been expanded to give insular areas the same eligibility to apply as states, the District of Columbia and Puerto Rico. This means American Samoa, Guam, Northern Mariana…
HUD: Rental Assistance Demontration Transaction Closed in South San Francisco, CA to Preserve 40 Affordable Rental Homes for Seniors
Transaction supports significant renovation of rental homes at multifamily property with a HUD project-based rental assistance contract. The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing announced today that it recently closed a Rental Assistance Demonstration (RAD) transaction with Bridge Housing, a non-profit housing provider, to support the preservation and renovation of…
HUD: Loan Guarantee Announced for Laredo, TX Affordable Housing Rehabilitation Project
Today, the U.S. Department of Housing and Urban Development (HUD) announced a $4.1 million loan guarantee to the City of Laredo, Texas. The loan guarantee, offered through the Section 108 Loan Guarantee Program (Section 108), will be used to finance the Southern Hotel Affordable Housing Rehabilitation Project. The project will rehabilitate an existing historical building…
HUD: $15 Million Loan Guarantee Announced for Cleveland, OH Affordable Housing Rehabilitation Project
Today, the U.S. Department of Housing and Urban Development (HUD) announced a $15 million loan guarantee to the City of Cleveland, Ohio. The loan guarantee, offered through the Section 108 Loan Guarantee Program (Section 108), will be used to finance the construction of the Centennial Project in downtown Cleveland. Cleveland will use the Section 108…
FEMA: Nearly $422 Million Invested to Renovate Public Housing Complexes in Recovery from Hurricane Maria
The Federal Emergency Management Agency (FEMA) recently approved about $422 million to restore and renovate 37 residential properties belonging to the Public Housing Administration (PHA) due to damage caused by Hurricane María. These works will benefit over 5,400 families throughout the island. As part of the agency’s commitment to help Puerto Rico by mitigating future…