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….
OCC: New Publication Discusses the Importance of Bank Financing for Rural Broadband Initiatives
The Office of the Comptroller of the Currency (OCC) today published the latest edition of its Community Developments Investments newsletter, “Expanding Internet Access: Bank Financing for Rural Broadband Initiatives.” This edition of Community Developments Investments discusses the important role national banks and federal savings associations can play in helping rural communities gain reliable, high-speed internet…
HUD: Chicago’s Historic Rosenwald Courts Apartments Earns 2018 HUD Secretary Award
The U.S. Department of Housing and Urban Development (HUD) and the Advisory Council on Historic Preservation (ACHP) today announced Chicago’s Rosenwald Courts Apartments, once home to boxer Joe Louis, and Olympian Jesse Owens, as the recipient of the 2018 ACHP/HUD Secretary’s Award for Excellence in Historic Preservation. This annual award recognizes developers, organizations, and agencies…
HUD: Department and U.S. Virgin Islands Sign $243 Million Disaster Recovery Grant Agreement
Action paves the path to repair housing, businesses and infrastructure WASHINGTON – U.S. Department of Housing and Urban Development (HUD) Deputy Secretary Pamela Hughes Patenaude and the U.S. Virgin Island’s Governor Kenneth Mapp today announced the formal execution of a $243 million grant agreement to help citizens in the U.S. Virgin Islands to recover from…
EDA: $3.4 Million Invested in Kentucky to Support Business and Job Growth
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding $3.4 million in grants to the Commonwealth of Kentucky to help spur economic activity in Stearns and support industrial development in Hazard. “The Trump Administration is committed to putting former coal industry employees back to work,” said Secretary…
CDFI Fund: New Certified CDFI Logo Debuts to Help Illustrate Impact
More than 400 representatives of Certified CDFIs voted on the image they liked best to represent themselves to their customers and the public. Nearly 64 percent of them chose this winning design, which beautifully evokes a sense of community. With the roll out of this new logo, it’s a good time to reflect on the…
EDA: $830,000 Invested to Make Critical Pier Improvements to Support Business Growth in Rockland, ME
The U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $830,000 grant to the City of Rockland, Maine, to renovate the Rockland Commercial Fish Pier. The renovated structure will support current business needs and future economic growth. According to grantee estimates, the project is expected to retain 86 jobs. “We commend the City…
EDA: $703,000 Investment Made for Critical Infrastructure Improvements to Support Business Growth in Watertown, NY
The U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $703,000 grant to the Jefferson County Industrial Development Agency of Watertown, New York, to make water and fiber-optic cable infrastructure improvements needed to attract business development at the new complex located at the Watertown International Airport. According to grantee estimates, the project is…
EDA: $615,000 Investment Made for Critical Infrastructure Improvements to Support Business Growth in Brunswick, ME
The U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $615,000 grant to the Midcoast Regional Redevelopment Authority of Brunswick, Maine, to repair and upgrade sanitary sewer pumps needed to support industrial and commercial business development in the community. “We commend the Midcoast Regional Redevelopment Authority for working to generate economic opportunities by…