HUD: $3.6 Million Awarded for Neighborhood Revitalization Plans in Eight Communities
The U.S. Department of Housing and Urban Development (HUD) on Monday announced $3.6 million has been awarded to eight communities to support comprehensive neighborhood revitalization plans to redevelop severely distressed HUD-assisted housing, improve outcomes for residents, and bring new amenities to neighborhoods. HUD has named Annapolis, Maryland; Augusta, Georgia; Brownsville, Texas; Jackson, Michigan; Las Vegas,…
SBA: Guidance Announced Regarding Applicant Deadlines for COVID Economic Injury Disaster Loan Program
Agency Strongly Encourages Submission of Supplemental Advance Applications by December 10; All Applications Due by December 31 Today, the U.S. Small Business Administration (SBA) announced updated guidance for COVID Economic Injury Disaster Loan (EIDL) program applicants to better serve small business owners in need, while funding remains available. Since its inception, the COVID EIDL program, a federal…
HUD: Formation of Tribal Intergovernmental Advisory Committee Announced
First-of-its-kind committee will offer counsel on specific housing and infrastructure needs for Indian Country Today, the U.S. Department of Housing and Urban Development (HUD) announced the formation of the Tribal Intergovernmental Advisory Committee (TIAC), as part of the Biden-Harris Administrations commitment to engaging with Tribal Nations. The announcement comes as President Biden hosts the first…
EDA: $30 Million in Economic Development Administration American Rescue Plan Funding to Support Statewide Economic Development Planning Announced
$1 Million Grants Headed to 30 States and Territories to 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 $1 million American Rescue Plan grants to 30 states and territories across the nation to support statewide…
CDFI Fund: CY 2021 Round of New Markets Tax Credit Program Opened
$5 Billion in Allocation Authority Available The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the Notice of Allocation Availability (NOAA) for the calendar year (CY) 2021 round of the New Markets Tax Credit Program (NMTC Program). The CDFI Fund is providing the NOAA on its website in anticipation…
CDFI Fund: New Markets Tax Credit Program Native Initiative Request for Proposal Issued
Today, the Community Development Financial Institutions Fund (CDFI Fund) released a Request for Proposal related to a procurement that is part of a broader effort to increase New Markets Tax Credit (NMTC) investment in Federal Indian Reservations, Off-Reservation Trust Lands, Hawaiian Home Lands, and Alaskan Native Village Statistical Areas (NMTC Native Areas). Industry and subject-matter…
HUD: More than $2 Billion Allocated to Advance Equitable Disaster Recovery, Build Climate Change Resilience
The U.S. Department of Housing and Urban Development today announced the allocation of more than $2 billion ($2,040,617,000) in CDBG-Disaster Recovery (CDBG-DR) and CDBG-Mitigation (CDBG-MIT) funds appropriated in the continuing resolution, the Extending Government Funding and Delivering Emergency Assistance Act (PL 117-43; the Act), signed into law on September 30, 2021. These allocations underscore HUD…
EDA: Build Back Better Regional Challenge Applicants Announced Showing Incredible Enthusiasm for Transformational Investment in Regions Across the Country
529 Applications Received from Regions across all 50 States and Five Territories Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced that it has experienced strong interest in its American Rescue Plan Build Back Better Regional Challenge, receiving 529 applications from regions across all 50 states and five territories. The $1 billion Build Back…
SBA: Community Navigator Pilot Program Grantees Announced
51 Grantees Selected Nationwide to Serve as Hubs Connecting Disadvantaged Small Businesses with Government Resources Today, U.S. Small Business Administration (SBA) Administrator Isabella Casillas Guzman announced grantees for the Biden-Harris Administration’s Community Navigator Pilot Program, an American Rescue Plan initiative designed to reduce barriers that all small businesses, including those owned by disadvantaged groups such as veterans, women, and those from rural communities and communities of color, often face in accessing critical support. The Community Navigator Pilot Program will provide $100 million in funding to 51 organizations that will work with hundreds of local groups to connect America’s entrepreneurs to government resources so they can recover…
SBA: New Shuttered Venue Operators Grant Supplemental Awards Begun
Program has delivered over $10 billion in economic relief to 12,000 venues across the nation Today, U.S. Small Business Administration (SBA) Administrator Isabella Casillas Guzman announced the SBA began supplemental award notifications to eligible applicants this week, through the Shuttered Venue Operators Grant (SVOG) program. Thus far, the SBA has awarded over $10 billion in economic relief to nearly 12,000 venues, providing…