South

HUD Speeds Transfer of CDBG, HOME Funds for Disaster Aid
   HUD is talking with Louisiana and Mississippi development officials and entitlement communities about how it can speed reallocation of CDBG and HOME funds to help repair and replace housing in 69 parishes suffering damage from Hurricane Isaac. President Obama's recent disaster declaration gives par...
posted 9/5/12 8:14 PM  read complete story

Tax Credits Vital to New Orleans Mixed-Use Development
   New Markets Tax Credits (NMTCs) and Historic Tax Credit funds are providing most of the financing to rehabilitate two buildings into a single mixed-use development in New Orleans' Lower Garden District. Enterprise Community Development, Renaissance Neighborhood Development Corp. (RNDC) and US Bank ...
posted 8/27/12 2:58 PM  read complete story

Mississippi Seeks Comment on Brownfields Project
   Mississippi's Commission on Environmental Quality gives preliminary approval for the City of Ridgeland's application to the state Department of Environmental Quality to remove an underground storage tank. The commission sets a Sept. 7 public comment deadline. The work would be at the Madison Mater...
posted 8/20/12 3:49 PM  read complete story

Kentucky Nonentitlement Areas Nearing Application Deadlines
   Kentucky nonentitlement areas seeking state CDBG funds are nearing their Sept. 4 deadlines to apply for funding.
posted 8/6/12 12:01 PM  read complete story

Tuscaloosa Using CDBG Disaster Funds to Gain Tax Credits
   Tuscaloosa, AL is set to use parts of $16.6 million in CDBG disaster funds in an effort to obtain low-income housing tax credits (LIHTCs) for residential development and revitalization in the aftermath of tornado-related destruction occurring 16 months ago.
posted 8/2/12 5:08 PM  read complete story

Tennessee Launches Website Showing CDBG Spending
   Tennessee's Department of Economic and Community Development (DECD) launches a website showing where CDBG money is being spent, as well as spending in two other state programs. In addition to the CDBG program, the website contains information about the state's FastTrack Program which allows commun...
posted 7/19/12 4:34 PM  read complete story

NC Nonprofit to Develop Innovative Business Incubator
   A nonprofit group is using $30,000 in from the North Carolina Community Development Initiative (NCCDI) to fill a new business incubator with up to six new businesses. NCCDI is sending the funds as part of $315,000 in grants through its Innovation Program that allows nonprofits to test and develop p...
posted 7/9/12 4:09 PM  read complete story

Foundation Offers Grants to Fight Homelessness
   The Miami-based Lennar Foundation is awarding grants to nonprofits supporting programs aiding children and the homeless.
posted 6/13/12 3:47 PM  read complete story

House Boosts Funding for Appalachian Regional Commission
   The House passes a FY 2013 Energy & Water Development appropriations bill increasing funding for the Appalachian Regional Commission (ARC), while keeping current funding levels for  the Delta Regional Authority (DRA) and the Denali Commission. The groups are federal-state regional partnerships t...
posted 6/7/12 1:31 PM  read complete story

Alabama Must Spend NSP Money Before Seeking More
   HUD inspectors want Alabama community development officials to ensure Neighborhood Stabilization Program (NSP) subgrantees spend $304,000 in program money already issued before they seek more from HUD.
posted 5/31/12 1:52 PM  read complete story