EDA: $2.3 Million Invested in American Rescue Plan Funds to Equip Manufacturing Workforce Training Center in Laramie, WY
Award is Part of the Department of Commerce’s $300 million Coal Communities Commitment Today, U.S. Secretary of Commerce Gina M. Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2.3 million grant to Laramie County Community College (LCCC) to purchase equipment for its new Advanced Manufacturing and Materials Center. This grant is funded…
EDA: $761,040 Invested to Support Infrastructure Improvements and Create Jobs in Henderson, NC
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $761,040 grant to the county of Vance, North Carolina, to make critical infrastructure improvements needed to support business growth in the Henderson-Vance Industrial Park. This project will promote job creation through roadway and sewer upgrades necessary for business expansion. This EDA grant,…
HUD: Over $2.4 Million Awarded to Fight Housing Discrimination Related to the Coronavirus Pandemic
Funds will support and promote fair housing nationwide The U.S. Department of Housing and Urban Development (HUD) announced today that it is providing $2,472,310 in American Rescue Plan (ARP) funding to help 11 HUD Fair Housing Initiatives Program (FHIP) agencies combat housing discrimination related to the COVID-19 pandemic. The funds, which are being awarded under…
HUD: Rental Assistance Demonstration Conversion Transaction Closed with the Cuyahoga Metropolitan Housing Authority
174 units of deeply affordable rental homes to be preserved for low-income seniors in Cleveland, Ohio The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing on February 28 announced that it has closed a Rental Assistance Demonstration (RAD) transaction with the Cuyahoga Metropolitan Housing Authority (CMHA) in Cuyahoga County, Ohio, to preserve…
FHFA: $1.1 Billion Announced for Affordable Housing Programs
Largest amount ever disbursed to Housing Trust Fund and Capital Magnet Fund Today, FHFA Acting Director Sandra L. Thompson announced that the Housing Trust Fund and Capital Magnet Fund will receive a total of $1.138 billion for affordable housing initiatives from Fannie Mae and Freddie Mac (the Enterprises). This is the largest amount ever provided…
CDFI Fund: Application Demand for CY 2021 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 199 applications under the calendar year (CY) 2021 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…
CDFI Fund: FY 2022 CDFI Bond Guarantee Program Application Period Opened
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2022 application period for the CDFI Bond Guarantee Program. A total of up to $500 million in bond guarantee authority is available for Eligible Community Development Financial Institutions (Eligible CDFIs) in FY 2022. Through the CDFI…
EDA: Strong Response to the Good Jobs Challenge Announced, Demonstrating Applicants’ Commitment to Creating New Opportunities for America’s Workforce
509 Applications Received from Partnerships across all States, Territories and the District of Columbia Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced that it has received 509 applications for its American Rescue Plan Good Jobs Challenge program. Applicants represent significant interest from a diverse range of stakeholders in communities across America: EDA…
EDA: $1.2 Million in American Rescue Plan Funds Invested to Expand Resources for Creative Arts Businesses and Entrepreneurs in Albuquerque, NM
Today, U.S. Secretary of Commerce Gina M. Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.2 million American Rescue Plan Economic Adjustment Assistance grant to the Keshet Dance Company, Albuquerque, New Mexico, to renovate the Keshet Ideas and Innovation Center. The project will create additional space and support for artisans and creative-based…
EDA: $1.1 Million in American Rescue Plan Funds Invested to Provide Technical Assistance to Small Buisnesses in South San Francisco, CA
Today, U.S. Secretary of Commerce Gina M. Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.1 million American Rescue Plan Economic Adjustment Assistance grant to the city of South San Francisco, California, to develop the North County Business Resource Center. The new facility will benefit low and moderate income. and previously underserved…