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HUD & DOJ AWARD $8.7 MILLION TO PREVENT AND END HOMELESSNESS Pay for Success Model to Support Permanent Supportive Housing for the Reentry Population

HUD & DOJ AWARD $8.7 MILLION TO PREVENT AND END HOMELESSNESS Pay for Success Model to Support Permanent Supportive Housing for the Reentry Population

WASHINGTON – For many individuals convicted of minor crimes, finding jobs and decent housing is so challenging that many are at extreme risk of homelessness or reentering the criminal justice system. Today, the U.S. Department of Housing and Urban Development (HUD) and the Department of Justice (DOJ) awarded $8.7 million to address homelessness Read more
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VA Secretary Announces VA-Bob Woodruff Foundation Partnership

VA Secretary Announces VA-Bob Woodruff Foundation Partnership

WASHINGTON – Department of Veterans Affairs’ (VA) Secretary Robert A. McDonald announced a partnership with the Bob Woodruff Foundation (BWF) to further advance VA’s outreach to Veterans through deeper and more innovative local and community partnerships. VA will capitalize on BWF’s strength and contacts to find unique ways to connect Read more
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HUD Makes $1.9B available in Grant Funding

HUD Makes $1.9B available in Grant Funding

WASHINGTON – As part of the Obama Administration’s effort to prevent and effectively end homelessness, the U.S. Department of Housing and Urban Development announced today that it will offer $1.9 billion for fiscal year 2015 to support existing and new homelessness programs. Funded throughHUD’s Continuum of Care (CoC) Homeless Assistance Read more
HUD AWARDS $8.9 MILLION IN COMMUNITY DEVELOPMENT FUNDS TO DETROIT

HUD AWARDS $8.9 MILLION IN COMMUNITY DEVELOPMENT FUNDS TO DETROIT

WASHINGTON – U.S. Department of Housing and Urban Development (HUD) Secretary Julián Castro, Detroit Mayor Mike Duggan, U.S. Senators Debbie Stabenow and Gary C. Peters, and Congressman John Conyers, Jr., announced the allocation of $8.9 million from the Community Development Block Grant Declared Disaster Recovery Fund (DDR) to the City of Read more
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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
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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
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
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
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
REAP Program Reduces Energy Costs for Small Businesses

REAP Program Reduces Energy Costs for Small Businesses

WASHINGTON, Feb. 10, 2015 – Agriculture Secretary Tom Vilsack announced that rural agricultural producers and small business owners can now apply for resources to purchase and install renewable energy systems or make energy efficiency improvements. These efforts help farmers, ranchers and other small business owners save money on their energy Read more
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