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…
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…
EDA: $1.8 Million Invested for Roadway and Utility Infrastructure Needed to Support Business Expansion in Provo, UT
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.8 million grant to the Provo City Corporation of Provo, Utah, for roadway and utility infrastructure needed to support business expansion and development. According to grantee estimates, the project is expected to create 450 jobs and spur…
EDA: $1.58 Million Invested to Help Make Water Infrastructure Improvements Needed in Paulsboro, NJ
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.58 million grant to help make water infrastructure improvements needed to support additional commercial growth at the Port of Paulsboro. According to grantee estimates, the project is expected to create 150 jobs and generate $10 million in…
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…
CDFI Fund: Revised Opportunity Zones Resource Data Now Available
The U.S. Department of the Treasury has released revised information concerning census tracts that are eligible for nomination as Qualified Opportunity Zones (QOZs). Specifically, data in the Opportunity Zones Information Resource has been updated from information provided in a February 8, 2018, release to include all census tracts that meet the New Markets Tax Credit…
HUD: East Baltimore Redevelopment Earns 2017 HUD Secretary’s Award for Historic Preservation
WASHINGTON – For years, dozens of historic rowhouses in an East Baltimore neighborhood sat vacant, boarded up and crumbling from neglect while nearby families were in need of affordable housing. Then, a $9.3 million redevelopment project rehabilitated 32 vacant rowhouses into beautiful affordable housing homes complete witha coffee shop and a workforce development center inside…
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