EDA: $5 Million Invested to Support Biomedical, Biotechnology and Advanced Manufacturing Sectors in Athens County, OH
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $5 million grant to Athens County Port Authority, Athens, Ohio, to build a 60,000 square-foot facility to house biomedical, biotechnology, and advanced manufacturing companies. This grant will support the expansion of local companies currently located at…
CDFI Fund: FY 2022 CDFI Equitable Recovery Program Application Deadline Extended through August 23rd
On June 23, 2022, the Community Development Financial Institutions Fund (CDFI Fund) announced the opening of the FY 2022 CDFI Equitable Recovery Program (ERP) round with the public release of a Notice of Funds Availability (NOFA). The NOFA set forth the deadline for submitting the FY 2022 CDFI ERP Application via the CDFI Fund’s Award…
EDA: Last Week, Nearly $15 Million in American Rescue Plan Funds Invested
Last week, the following grants were made under the American Rescue Plan Funds program and the CARES Act Recovery Assistance program: July 12, 2022 – U.S. Department of Commerce Invests $4.7 Million in American Rescue Plan Funds to Establish a Regional BMX Facility and Support Tourism in Morgantown, West Virginia July 12, 2022 – U.S. Department of…
HUD: $10.4 Million Funding Opportunity Announced for Rehabilitation of Low-Income and Disabled Veterans’ Homes
U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge and U.S. Department of Veterans Affairs (VA) Secretary Denis McDonough today announced the availability of $10.4 million through the Veterans Housing Rehabilitation and Modification Pilot Program (VHRMP) for the rehabilitation of the homes of Veterans with low-incomes and disabilities. “Those who have served…
HUD: $26 Million Rental Assistance Demonstration Conversion Closed with Philadelphia Housing Authority to Create 58 Newly Constructed Affordable Homes
New affordable rental homes are part of redevelopment plan for Philadelphia’s Sharswood/Blumberg community The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing today announced that it has closed a Rental Assistance Demonstration (RAD) transaction with the Philadelphia Housing Authority (PHA) to build 58 newly constructed affordable rental homes in the Sharswood/Blumberg community….
EDA: Last Week, Over $15 Million in American Rescue Plan Funds Invested
Last week, the following grants were made under the American Rescue Plan Funds program and the CARES Act Recovery Assistance program: July 6, 2022 – U.S. Department of Commerce Invests $2.5 Million in American Rescue Plan Funds to Establish Business Incubator in Fairhope, Alabama July 5, 2022 – U.S. Department of Commerce Invests $7.2 Million in American…
HUD: $39.8 Million Rental Assistance Demonstration Conversion Transaction Closed to Preserve 299 Affordable Housing Units in Salt Lake City, UT
Transaction with the Housing Authority of the County of Salt Lake preserves low-income housing units for seniors and individuals with disabilities. The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing today announced that it has closed a Rental Assistance Demonstration (RAD) transaction with the Housing Authority of the County of Salt Lake…
EDA: $2 Million Invested to Replace Critical Water Infrastructure to Support Businesses in West Monroe, LA
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the city of West Monroe, Louisiana, to replace aging sewer infrastructure. This project will provide the modern infrastructure needed to support local businesses and residents’ needs. This EDA grant will be matched…
EDA: $3.5 Million Invested to Boost New Business Growth and Expansion Efforts in Louisiana
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is investing $3.5 million in the state of Louisiana to make critical infrastructure improvements needed to support current and future business needs. The EDA investments announced today are: Desoto Parish Police Jury, Mansfield, Louisiana, will receive $2 million grant…
EDA: Last Week, Over $25 Million in American Rescue Plan Funds Invested
Last week, the following grants were made under the American Rescue Plan Funds program and the CARES Act Recovery Assistance program: July 1, 2022 – U.S. Department of Commerce Invests $3.2 Million in American Rescue Plan Funds to Improve State Park Campgrounds and Boost Tourism in Dover, Delaware June 28, 2022 – U.S. Department of Commerce Invests…