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The Department of Housing and Urban Development has finished work on interim final rules to revise Community Development Block Grant regulations to align CDBG accounting methods to the grant accounting system specified in HUD’s handbook on CDBG grants.
These grants are intended to alleviate or remove a threat to health or safety that requires an immediate solution; projects funded must be completed within 12 months of the grant award, unless there is good cause for not being able to do so.
While visiting Alaska, President Obama announced several updates to federal efforts to help Alaskan – including Native Alaskan – communities. Among the updates announced by the president: The Interior Department is providing $375,000 in funding for the Kuskokwim River Inter-Trib...
The Community Development Financial Institutions Fund issues an 11-year overview of how various CDFI grant and loan programs -- which usually include a setaside funding competition for projects assisting Native American communities -- have provided loans and investments in low-income communities.
The program will help communities plan and implement efforts necessary "to become more resilient to shocks and stresses, including extreme weather and other impacts of climate change."
The Agriculture Department issues new guidance on how it will implement provisions of the 2014 Farm Bill that emphasizes funding for rural communities which plan and finance regional economic development strategy.
The Rural Housing Service is putting together a series of teleconferences and/or webinars about the Section 538 Guaranteed Rural Rental Housing Program. The program works with qualified private-sector lenders to provide financing to qualified borrowers as a way to increase the supply of affordable rental housing for low- and moderate-income individuals and families in eligible rural areas and towns.
The Rural Business Service will soon issue interim final rules clarifying the agency's goals for supporting strategic economic and community development programs.
The Treasury Department is accepting comments on the way the Native American Community Development Financial Assistance program operates.
Under the guidelines, RBS will reserve up to 10% of the funds appropriated to certain Rural Development programs each fiscal year to fund projects that support the implementation of strategic economic and community development plans across multi-jurisdictional areas.
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