EDA: $1.7 Million Invested to Provide Critical Water Infrastructure at Sawmill Site in Abbeville, AL Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.7 million grant to the city of Abbeville, Alabama, to help construct critical wastewater infrastructure improvements needed to serve a local sawmill site and commercial development adjacent to the site. The EDA grant, to be located in…
EDA: $1.5 Million Grant Made to Support Manufacturing Business Growth in Clinton County, NY Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to Clinton County, New York, to make infrastructure upgrades needed to support business development at the former Clinton County Airport. The grant, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, will be…
EDA: $2.35 Invested to Repurpose Former Coal Plant as Multitenant Space for Growing Companies in Berks County, PA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.35 million grant to Recycle the World, Inc., of King of Prussia, Pennsylvania, to help convert a former coal fired power plant to a multitenant building for growing companies in the region. This grant will be matched…
HUD: $1 Million Awarded to Improve the Main Streets in Two Communities
Batesville, Arkansas and Thomas, Oklahoma to receive $500,000 grants to expand redevelopment efforts The U.S. Department of Housing and Urban Development (HUD) today is awarding $1 million to help build affordable housing in Arkansas and Oklahoma. The City of Batesville in Arkansas will receive a $500,000 grant to redevelop The Adler Building and the City…
HUD: Choice Neighborhood Planning Grants Awarded
Communities in Alabama, Nebraska, Georgia and New Jersey awarded planning grants Expanding on its commitment to help local communities redevelop severely distressed HUD assisted housing and revitalize neighborhoods, the U.S. Department of Housing and Urban Development (HUD) today awarded more than $5 million to four communities. Funded through HUD’s Choice Neighborhoods program, these grants will…
OCC: Comptroller Visits Compton, CA to Discuss How to Increase Community Reinvestment
Comptroller of the Currency Joseph Otting today visited Compton, California, and met with community stakeholders and bankers to discuss how to encourage more lending, investment, and bank services in areas that need it most. The visit was the fifth stop in the Comptroller’s summer tour to discuss modernizing the Community Reinvestment Act regulations. The tour…
OCC: Comptroller of the Currency Visits Areas of Washington DC to Discuss Community Reinvestment Success and Opportunities
Comptroller of the Currency Joseph Otting, led a tour of Washington, D.C., areas that have benefitted from Community Reinvestment Act (CRA) activity and discussed how CRA regulations can be strengthened to promote more lending, investment, and services, where they are needed most. “CRA has help stabilize and revitalize neighborhoods across our country for more than…
HUD: $85 Million Awarded to Revitalize Three Low-Income Neighborhoods
Federal investments expected to generate more than $620 million in neighborhood reinvestment U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced three communities across the country will receive a combined $85 million to redevelop severely distressed public or assisted housing and to revitalize surrounding neighborhoods. Provided through HUD’s Choice Neighborhoods Initiative, these grants, and the…
HUD: Request for Information on Maximizing the Positive Impact of Opportunity Zones Announced
he U.S. Department of Housing and Urban Development (HUD) today announced a Request for Information (RFI) seeking public input on how the Department can use its existing authorities to maximize the beneficial impact of Opportunity Zones for residents and their communities. This RFI will allow the public to share existing knowledge and provide recommendations to…
HUD: Secretary Carson to Lead White House Opportunity and Revitalization Council
Today, President Donald Trump signed an Executive Order establishing the White House Opportunity and Revitalization Council and named U.S. Housing and Urban Development (HUD) Secretary Ben Carson as its chairperson. The Council’s 13 Federal member agencies will engage with governments at all levels on ways to more effectively use taxpayer dollars to revitalize low-income communities….