HUD: Rental Assistance Demonstration Conversion Transaction Closed with the Housing Authority of Kansas City, MO to Create Mixed-Income Community
Transaction is final part of seven-phase Paseo Gateway redevelopment process The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing on February 25closed a Rental Assistance Demonstration (RAD) transaction with the Housing Authority of Kansas City, Missouri (HAKC) and Brinshore Development, to create 62 mixed-income homes at the new Sam Rodgers Place. Sam…
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…
HUD: Joint Effort Launched with Puerto Rico to Modernize Energy Grid
2022 Actions Include Taking Ongoing Projects to Construction Phase, Investments in Grid Reliability, a Roadmap for 100% Clean, Affordable and Reliable Power Across Puerto Rico The U.S. Department of Housing and Urban Development (HUD) today joined the Departments of Energy (DOE) and Homeland Security (DHS) and the Commonwealth of Puerto Rico to launch a new…
SBA: Updated Guidance Announced Regarding Deadline for Targeted EIDL Advance Program Reevaluations
Submissions for Targeted Advance Reevaluation Requests Due by Feb. 15 Today, the U.S. Small Business Administration (SBA) announced updated guidance for those small businesses that have already applied for the Targeted EIDL Advance program, received a decline, and are interested in applying for reevaluation. Specifically, the following updated guidance is being provided: Current Targeted EIDL Advance applicants: Those…
CDFI Fund: Application Demand for FY 2021 Round of BEA Program Released
Over $1.1 Billion in Increased Investments, Lending and Services in Highly Distressed Communities and to CDFIs The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today the application data for the fiscal year (FY) 2021 round of its Bank Enterprise Award Program (BEA Program). A total of 161 applications were…
HUD: Waivers Announced to Help Kentucky Communities Recover from Severe Weather
The U.S. Department of Housing and Urban Development (HUD) today announced a package of regulatory and administrative waivers aimed at helping communities in Kentucky accelerate their recovery from tornadoes and severe storms that occurred on December 12, 2021. “HUD continues to enable swift response to these storms” said Deputy Assistant Secretary for Grant Programs Kevin Bush….
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…
HUD: Disaster Assistance Announced for Kentucky Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for areas in the Commonwealth of Kentucky affected by severe storms, straight-line winds, flooding, and tornadoes beginning on December 10, 2021, and continuing. On December 12, President Biden issued a major disaster declaration for the counties of Caldwell, Fulton, Graves,…
HUD: $52 Million Announced to Deliver Equitable COVID-19 Relief to Tribal Communities
The U.S. Department of Housing and Urban Development (HUD) today announced the awarding of more than $52 million in Indian Community Block Grant-American Rescue Plan (ICDBG-ARP) grants to 49 Tribal communities to prevent, prepare for, and respond to the COVID-19 pandemic. The announcement, made by HUD Deputy Secretary Todman during a speaking engagement at the…
SBA: New Fact Sheet Details Help Provided to America’s Small Businesses in Recovering from the COVID-19 Pandemic
While the holidays may still look a little different this year, the U.S. has made significant strides to ensure Americans can safely congregate with their loved ones for the Thanksgiving holiday and take part in celebrations to shop local and small on Small Business Saturday. Last year, shoppers came together in full force to support…