HUD: $9 Million Loan Guarantee to Cleveland Announced for Development of Nearly 200 Housing Units and Grocery Store
The U.S. Department of Housing and Urban Development today announced a $9 million loan guarantee to the City of Cleveland, Ohio for the development of a mixed-used site that includes nearly 200 housing units and a 40,000 square foot grocery store. “This is a tremendous opportunity for Cleveland to expand access to affordable housing while…
EDA: $5 Million in American Rescue Plan Funding Invested to Support U.S. Territory-Wide Economic Development Planning
Grants for 5 Territories will Lay the Foundation for President Biden’s Build Back Better Agenda U.S. Secretary of Commerce Gina M. Raimondo today announced that the Department’s Economic Development Administration (EDA) is awarding American Rescue Plan statewide planning grants to five territories to support territory-wide economic development planning efforts. The funding will assist communities in…
HUD: Over $18 Million Awarded to 33 States to Provide Housing Assistance for Veterans
Vouchers will provide housing for veterans experiencing homelessness The U.S. Department of Housing and Urban Development (HUD) on Monday awarded over $18 million in HUD-Veterans Affairs Supportive Housing (HUD-VASH) vouchers to 103 Public Housing Agencies (PHAs) in 33 states across the country to support veterans experiencing homelessness. This round of allocations, announced during a press…
HUD: Additional Assistance Announced to Keep Foster Youth Housed
26 Public Housing Agencies are receiving over $1 million total to prevent homelessness faced by youth involved in the child welfare system The U.S. Department of Housing and Urban Development (HUD) on Thursday announced that over $1 million has been awarded to public housing agencies (PHAs) across the country to provide housing assistance to youth…
HUD: Nearly $13.2 Million Awarded to Protect Families from Lead and Other Home Health and Safety Hazards
Funding to make low-income families’ homes safer and healthier The U.S. Department of Housing and Urban Development (HUD) today awarded nearly $13.2 million to state and local government agencies located in 3 states to protect children and families from lead-based paint and home health hazards. The grants announced today emphasize the Biden-Harris Administration’s commitment to…
EDA: $1.3 Million in CARES Act Recovery Assistance Invested to Support Business Growth in Brooklyn, NY
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.3 million CARES Act Recovery Assistance grant to Brooklyn Alliance, Inc., Brooklyn, New York, to provide technical assistance to small and medium-sized businesses impacted by the coronavirus pandemic. This EDA project will support Brooklyn Alliance, Inc.’s…
EDA: $675,180 Invested for Infrastructure Improvements to Support Business Expansion and Job Growth in Devens, MA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $675,180 grant to the Massachusetts Development Finance Agency, Boston, Massachusetts, to provide roadway and stormwater infrastructure improvements needed to support additional development of the Devens Industrial Area and former Fort Devens Military Base. This EDA project will help increase job opportunities in…
CDFI Fund: Application Demand for FY 2021 Round of Capital Magnet Fund 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) 2021 round of its Capital Magnet Fund program. A total of 146 organizations submitted applications requesting more than $991.8 million in funding. The applicants propose to serve 48 states, the District of…
HUD: Nonprofit Bidders Successfully Purchased More Than 800 Mortgage Notes through HUD-Held Vacant Loan Sale
Competitive bid sale provided priority bidding on 50 percent of mortgage notes in multi-loan pools by non-profit organizations and units of state and local government. The U.S. Department of Housing and Urban Development’s Office of Asset Sales announced on Thursday that 23 mission-driven non-profit organizations successfully participated – and 11 were awarded pools – in its…
SBA: $1.1 Million in Awards Announced to Support Native American Entrepreneurs
The U.S. Small Business Administration (SBA) announced the awardees of $1.1 million in grants and contracts to promote the development, success, and long-term sustainability of Native American-owned businesses. “Native-owned small businesses are vital to our shared economic future, and the SBA is committed to engaging and supporting them. The $1.1 million in awards will provide a boost…