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1st Quarter Multifamily Debt Numbers

1st Quarter Multifamily Debt Numbers

The level of commercial/multifamily mortgage debt outstanding increased by $40.4 billion in the first quarter of 2015, as all four major investor groups increased their holdings, according to a release from the Mortgage Bankers Association. The new 1st quarter numbers represent a 1.5 percent increase over the fourth quarter of 2014. Total Read more
What is the EB-5 Program?  New Investors Need Your Projects!

What is the EB-5 Program? New Investors Need Your Projects!

Are you looking for ways to find new investors for your project?  What if you could provide something better than a return.  If you have ever been to a GDF seminar, then you know that the three major components to any funding deal are: 1.  Job Creation 2. Provides Economic Development Activities 3.  Shovel Ready [...] Read more
Treasury Announces $3.5 Billion in New Markets Tax Credit Awards to Spur Economic Growth Nationwide

Treasury Announces $3.5 Billion in New Markets Tax Credit Awards to Spur Economic Growth Nationwide

WASHINGTON: In a long awaited announcement several months late, the U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund) announced more than $3.5 billion in New Markets Tax Credit awards aimed at stimulating investment and economic growth in low-income urban neighborhoods and rural communities nationwide. A Read more
HUD AWARDS $29 MILLION TO 25 LOCAL HIV-AIDS HOUSING PROGRAMS

HUD AWARDS $29 MILLION TO 25 LOCAL HIV-AIDS HOUSING PROGRAMS

WASHINGTON – The U.S. Department of Housing and Urban Development today announced $29 million in grants to help approximately 1,200 extremely low-income persons and families living with HIV/AIDS annually. These grants provide a combination of housing assistance and supportive services for this vulnerable population. In addition to housing Read more
USDA Announces New Private Funds to Make Investments in Rural America

USDA Announces New Private Funds to Make Investments in Rural America

WASHINGTON – The US Department of Agriculture announced the launch of two new private funds, known as Rural Business Investment Companies (RBICs), which make equity investments in rural businesses, helping them grow and create jobs. This announcement is part of USDA’s ongoing efforts to help attract private sector capital to Read more
OBAMA ADMINISTRATION ANNOUNCES EIGHT ADDITIONAL PROMISE ZONES TO BUILD COMMUNITY PROSPERITY

OBAMA ADMINISTRATION ANNOUNCES EIGHT ADDITIONAL PROMISE ZONES TO BUILD COMMUNITY PROSPERITY

WASHINGTON – The Obama Administration announced eight additional Promise Zones across the country, including six cities, one rural area, and one tribal community. Promise Zones are high poverty communities where the federal government partners with local leaders to increase economic activity, improve educational opportunities, leverage private Read more
SBA Launches Growth Accelerator Fund Competition to Award $4 Million for Small Business Startups

SBA Launches Growth Accelerator Fund Competition to Award $4 Million for Small Business Startups

WASHINGTON – The head of the U.S. Small Business Administration (SBA) announced that for the second year, the SBA is launching an Accelerator Growth Fund competition for accelerators and other entrepreneurial ecosystem models to compete for monetary prizes of $50,000 each, totaling $4 million. The application period is from April 10-June 1 and Read more
USDA Awards $31 Million in Grants to Help SNAP Participants Afford Healthy Foods

USDA Awards $31 Million in Grants to Help SNAP Participants Afford Healthy Foods

ORLANDO, Fla., April 1, 2015 – Agriculture Secretary Tom Vilsack announced that USDA has awarded $31.5 million in funding to local, state, and national organizations to support programs that help participants in the Supplemental Nutrition Assistance Program (SNAP) increase their purchase of fruits and vegetables. Recognizing that all Americans Read more
HUD TO CONNECT LOW-INCOME WORKERS WITH JOB OPPORTUNITIES NATIONWIDE

HUD TO CONNECT LOW-INCOME WORKERS WITH JOB OPPORTUNITIES NATIONWIDE

WASHINGTON– U.S. Department of Housing and Urban Development (HUD) Secretary Julián Castro announced new changes to strengthen a federal program called “Section 3” that directs jobs and training to low-income workers and connects businesses that hire them with HUD-funded contracting opportunities.  The initiative would increase Read more
SBA Launches Business Challenge for Innovations That Empower Women’s Lives

SBA Launches Business Challenge for Innovations That Empower Women’s Lives

Washington, DC- Addressing the needs of women and the role they play in America’s  economy, the U.S. Small Business Administration has launched a nationwide competition for entrepreneurs who are developing products and services that will enhance the lives of women and their families. “The landscape of the U.S. economy has evolved drastically Read more

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