Investment

EDA: $1.8 Million Invested to Help Establish New STEM Education Training Facility in Woodbine, IA

Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.8 million grant to IGNITE Pathways, Woodbine, Iowa, to provide equipment for a state-of-the-art STEM career and technical educational training facility. This EDA project supports the launch of IGNITE Pathways Technical School, which will serve as a…

EDA: Over $54 Million in American Rescue Plan Funds Invested Last Week

Last week, the following grants were made under the American Rescue Plan Funds program: August 16, 2022 – U.S. Department of Commerce Invests $6.4 Million in American Rescue Plan Funds to Develop a New Business Facility in Duffield, Virginia August 16, 2022 – U.S. Department of Commerce Invests $4.5 Million in American Rescue Plan Funds for Wastewater…

HUD: $34 Million Loan Guarantee Awarded to Cincinnati, OH for Affordable Housing

The U.S. Department of Housing and Urban Development (HUD) today announced a $34 million loan guarantee for Cincinnati, Ohio for the Affordable Housing Loan Fund Project to spur the creation of more affordable housing. This upfront source of financing, awarded through HUD’s Section 108 Loan Guarantee Program (Section 108) program, is the lynchpin of the…

EDA: Grantees Announced Under 2022 University Center Competition

26 Colleges and Universities in EDA’s Atlanta and Seattle Regions to Host EDA University Center Economic Development Technical Assistance Programs; Nearly One-Third of Selected Institutions Are Minority Serving U.S. Secretary of Commerce Gina Raimondo today announced the grantees of the U.S. Economic Development Administration’s (EDA) 2022 University Center Economic Development Program Competition. EDA is providing…

FEMA: More than $3 Billion in Funding for Two FEMA Programs Announced to Increase Climate Resilience Nationwide

Today, Homeland Security Secretary Alejandro N. Mayorkas, FEMA Administrator Deanne Criswell and White House Infrastructure Coordinator and Senior Advisor to the President Mitch Landrieu, announced that FEMA is making funding available for two resilience grant programs for more than $3 billion to help communities become more resilient to climate change and associated extreme weather events and other…

HUD: $10 Million Funding Opportunity Announced for Capacity Building in Rural America

Rural Capacity Building grants help non-profits build capacity to create affordable housing and stimulate community development in rural areas The U.S. Department of Housing and Urban Development (HUD) announced today that it will make available $10 million in Rural Capacity Building grants. The Rural Capacity Building (RCB) program enhances the capacity and ability of rural…

CDFI Fund: Upcoming FY 2022 CDFI Equitable Recovery Program Deadlines Announced

As a reminder for FY 2022 CDFI Equitable Recovery Program (CDFI ERP) applicants, the deadline for online submission of the SF-424 through Grants.gov for this year’s CDFI ERP funding round is August 18, 2022 at 11:59 PM ET. Applicants must create an Awards Management Information System (AMIS) account and enter their Employer Identification Number (EIN)…

EDA: Over $17 Million in American Rescue Plan Funds Invested Last Week

Last week, the following grants were made under the American Rescue Plan Funds program: August 10, 2022 – U.S. Department of Commerce Invests $587,395 in American Rescue Plan Funds to Strengthen Economic Development Organizations in Mayaguez, Puerto Rico August 9, 2022 – U.S. Department of Commerce Invests $5.4 Million in American Rescue Plan Funds to Support Workforce…

HUD: More than $840,000 Awarded to Provide Rental Assistance and Supportive Services to Native American Veterans Experiencing or At Risk of Homelessness

The U.S. Department of Housing and Urban Development (HUD) today awarded $841,113 in Tribal HUD-Veterans Affairs Supportive Housing (Tribal HUD-VASH) expansion grants to three Tribally Designated Housing Entities (TDHEs) to help house 45 Native American Veterans experiencing or at risk of experiencing homelessness. Funding was awarded to two existing Tribal HUD-VASH grantees, Cook Inlet Housing…

HUD: Nearly $3 Million in Loan Guarantee Announced for Bablyon, NY to Create a Multi-Purpose Greenhouse Public Facility

The U.S. Department of Housing and Urban Development (HUD) today awarded the Town of Babylon in the State of New York a $2,963,000 loan guarantee for the Geiger Park Botanical Garden project. The Geiger Park Botanical Garden project is part of the town’s long-term, multi-phased plan to renovate an existing park known as Geiger Memorial…