HUD: 2019 Year in Review Highlighting Accomplishments Released
The U.S. Department of Housing and Urban Development (HUD) today released its 2019 Year in Review outlining the major accomplishments of the agency under Secretary Ben Carson. “The Trump Administration continues to deliver on its promise to create greater economic opportunity for low-income families and revitalize underserved communities,” said, Secretary Carson. “HUD is committed to doing its…
HUD: Commemorating the Anniversary of the Opportunity Zones Initiative
Secretary Carson serves as chair of the White House Opportunity and Revitalization Council charged with implementing initiative alongside community leaders Today, HUD commemorated the anniversary of the signing of the 2017 Tax Cuts & Jobs Act into law with the release of a whiteboard video and a podcast episode, each focused on the successes that…
EDA: $1.2 Million Invested to Aid Redevelopment of Historic Rail Yards in Albuquerque, NM
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.2 million grant to the city of Albuquerque, New Mexico, to provide infrastructure improvements needed to aid the redevelopment of the city’s historic Rail Yards. The EDA grant, to be located near two Tax Cuts and Jobs Act designated Opportunity…
SBA: Final Rule Issued to Expand HUBZone Opportunities to Small Businesses and Revitalize Communities
The U.S. Small Business Administration today issued a final rule that will implement changes to the Historically Underutilized Business Zone (HUBZone) program that will make the program more attractive to small businesses and encourage them to invest in HUBZone communities and hire HUBZone residents. The new rule changes will also make it easier for federal contracting officers to identify…
CDFI Fund: Summary Report and Public Data for NMTC Program for FYs 2003-2017 Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today released a Summary Report and data collected on New Markets Tax Credit (NMTC) investments across the nation through fiscal year (FY) 2017. The CDFI Fund requires all Community Development Entities (CDEs) that have been awarded NMTC allocations to submit an annual…
CDFI Fund: Application Demand for 2019 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 a total of 206 applications under the 2019 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: CY 2019 NMTC Applicant FAQs Updated
The Community Development Financial Institutions Fund (CDFI Fund) has posted on its website: an updated NMTC Program Allocation Application Frequently Asked Questions (FAQs) document; a revised 2019 NMTC Program Allocation Application; and a pre-recorded webinar demonstrating the application submission process in AMIS. The updates to these documents are provided in response to specific questions raised…
HUD: White House Opportunity and Revitalization Council Introduces opportunity zones.gov
New website will serve as comprehensive tool for the Opportunity Zones initiative Today, Secretary Ben Carson, on behalf of the White House Opportunity and Revitalization Council, announced a new website that will serve as a hub of information for the array of audiences that work with the Opportunity Zones initiative. Visit the Opportunity Zones website. Opportunity…
HUD: FHA Promotes Development of Hospital and Health Care Facilities in Opportunity Zones
U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced the Federal Housing Administration (FHA) will offer several incentives to encourage greater development of hospitals and health care facilities located in Opportunity Zones. In a speech in Miami, Secretary Carson said FHA can be a key partner for developers looking to invest in Opportunity…