Register for CDFA's Intro Tax Credit Finance Course taking place on September 27-28 to learn the application of tax credit programs and their use in greater economic development finance efforts. Our panel of expert speakers will discuss tax credit programs including new markets, low-income housing, historic preservation, and state-specific programs.

Washington announced $23.4 million in grant funding to improve the resilience of its power grid against wildfires, extreme weather, and other natural disasters exacerbated by the climate crisis. The funding was awarded to the Washington State Department of Commerce by the U.S. Department of Energy's (DOE) Grid Deployment Office and was authorized by the IIJA.

The U.S. Department of Agriculture (USDA) announced that it is awarding $266 million in loans and grants to agriculture producers and rural small businesses to make investments in renewable energy and energy efficiency improvements that will lower their energy costs, generate new income, and strengthen the resilience of their operation. This funding is made possible in part by the Inflation Reduction Act.

The Federal Emergency Management Agency (FEMA) has picked 273 projects to share $2.4 billion in grants under programs focused on increasing protection for communities, infrastructure, and coastal areas against storms, earthquakes, and other natural disasters. The project selections come from two resilience-related programs: Building Resilient Infrastructure and Communities (BRIC) and Flood Mitigation Assistance, which received a 300% boost in funding under the Bipartisan Infrastructure Law,

Over $6.7 million will be invested to deliver affordable, accessible high-speed internet to Arizona families, businesses, and schools in Mohave County from the bipartisan infrastructure law. The investment was awarded through the U.S. Department of Agriculture's Reconnect Loan and Grant Program to the most difficult high-speed internet projects in the nation, which connect the most rural, remote, and underserved communities.

New York announced over $185 million in direct financial assistance for water infrastructure improvement projects across the state. The announcement authorizes municipal access to over $94.7 million in low-cost short-term financing and previously announced grants. The state also took action to help ensure continued, long-term affordability of existing projects, which includes a $189 million bond sale that will save municipalities an estimated $125 million in debt service payments for 25 projects statewide.

The U.S. Department of Agriculture's (USDA) Forest Service is making $150 million from the Inflation Reduction Act, the largest climate investment in history, available to help underserved and small acreage forest landowners connect to emerging voluntary climate markets. These markets can provide economic opportunities for landowners and incentivize improved forest health and management. 

The U.S. Department of Energy (DOE) awarded Missouri almost $14 million to strengthen and modernize the state's electrical infrastructure. The funds come from the DOE's Grid Resilience State and Tribal Formula Grant program and will be used by the Missouri Department of Natural Resources to give communities better access to affordable, reliable, and resilient electricity services.

The U.S. Department of Agriculture (USDA) will spend another $667 million on rural broadband loans and grants, marking the fourth round of funding under a program that the Infrastructure Investment and Jobs Act (IIJA) invigorated. Nearly three-quarters of the funding, $493 million, will go toward grants. The latest round of funding awards will go to 38 projects in 22 states and the Marshall Islands.

A U.S. Department of Transportation program is set to fund nearly $45 million in project support across multiple Alaska communities as they look to strengthen fish habitats. Along with Alaska, the Biden Administration announced that money from the National Culvert Removal, Replacement, and Restoration Grant Program, through the Culvert Aquatic Organism Passage Program, will go to various regions across the country, primarily to Pacific communities, but also the East Coast.

Montana will receive more than $26 million in funding for infrastructure projects in rural communities across Montana. The funding will come from the U.S. Department of Transportation's Surface Transportation Block Grant (STBG) program. Funding was made possible by the Infrastructure Investment and Jobs Act (Bipartisan Infrastructure Law).

The White House released a fact sheet to mark the first anniversary of the Inflation Reduction Act (IRA). Since its passage, the IRA has created more than 170,000 clean energy jobs, and companies have announced over $110 billion in clean energy manufacturing investments. The Biden administration also released a new feature that highlights stories of how the IRA is making a difference for Americans in all 50 states and U.S. territories.

U.S. Senators Catherine Cortez Masto (D-Nev.) and Jacky Rosen (D-Nev.) announced $825,549 in grant funding to help four Tribes in Nevada protect the environment and combat climate change. This funding from the U.S. Environmental Protection Agency (EPA) will support environmental programs on Tribal land, including efforts to implement climate change response plans, reduce emissions, and improve the water quality of local rivers, lakes, and streams.

The U.S. Environmental Protection Agency (EPA) announced the availability of approximately $50 million in grants through the Sewer Overflow and Stormwater Reuse Municipal Grant Program. Approximately $4.5 million of that funding will be available for the Region 6 states of Arkansas, Louisiana, New Mexico, Oklahoma, and Texas to help communities address stormwater and sewer infrastructure needs. Small and financially distressed communities will receive grant assistance at no cost.

Louisiana will receive up to $603 million from the Department of Energy to plan and construct Direct Air Capture (DAC) Hubs in the state, making it the largest single award from the Infrastructure Investment and Jobs Act in the entire country. Project Cypress, to be located in southwest Louisiana, is receiving an initial $50 million to begin development of a regional DAC hub. 

The U.S. Environmental Protection Agency (EPA) announced the availability of nearly $50 million in regular funding through the Sewer Overflow and Stormwater Reuse Municipal Grant program to help communities address stormwater and sewer infrastructure needs. States may now apply for grant assistance to fund projects that will help municipalities strengthen their stormwater collection systems against increasingly intense rain events made worse by the climate crisis.

The city of Harvey will receive $3.5 million from the U.S. Environmental Protection Agency (EPA) for its Central Area Water and Sewer Improvement Project. The money was secured through a congressionally directed spending request and will be used to implement "long-overdue water infrastructure upgrades to help address chronic flooding and reduce resource costs for breaks and leaks repairs."

The U.S. Economic Development Administration (EDA) is awarding a $2.5 million grant to North Baldwin Utilities in Bay Minette, Alabama, for water infrastructure upgrades to support a new aluminum manufacturing facility and create jobs in the region. This investment will support construction of an elevated water tank at a local business park and will be matched with $3.9 million in local funds. It is expected to create 1,000 jobs and generate $2.4 billion in private investment.

The U.S. Department of Agriculture (USDA) is investing $808 million to help rural cooperatives and utilities build and improve electric infrastructure and increase electric grid reliability and security, connecting hundreds of thousands of people in rural areas. This funding will also help provide clean drinking water and sanitary wastewater systems in rural areas for years to come.

Several Siouxland businesses and communities have obtained funds from the U.S. Department of Agriculture (USDA) to strengthen rural infrastructure. North West Rural Electric Cooperative received a $300,000 grant to help fund a facility expansion of the Promise Community Health Center in Sioux Center. The Clay-Union Electric Corporation obtained a loan of more than $5 million to build a headquarters facility. Neligh, Nebraska received a nearly $2.5 million loan to build three miles of water main throughout the city.

The Port of Oswego in New York will receive a $4 million federal grant to fund an expansion of operations, purchase new cargo-handling equipment, and boost rail infrastructure. Issued through the U.S. Economic Development Administration (EDA), the grant will help pay for the procurement of a telescopic ship loader conveyer and upgrades to the railroad track, which will help increase the port's capacity to access domestic and international markets.

The U.S. Department of Transportation's (DOT) Federal Highway Administration announced that it will award $2 million in federal funding to the Town of Plymouth to upgrade three outdated culverts, including two channels from the Billington Sea to Plymouth Harbor, to promote climate-resilient infrastructure, protect wildlife, prevent flooding, and improve vehicle and pedestrian access across Plymouth.

The U.S. Department of Transportation (DOT) announced that its Build America Bureau has provided a $501 million low-interest Transportation Infrastructure Finance and Innovation Act loan to the Colorado Transportation Investment Office on behalf of the Colorado Department of Transportation to improve a 61-mile corridor of I-25, including adding 52 miles of express toll lanes between Denver and Fort Collins, Colorado.

The U.S. Department of Housing and Urban Development (HUD) announced $21.3 million in Native Hawaiian Housing Block Grant (NHHBG) funding to support the Department of Hawaiian Home Lands (DHHL). This funding will support the housing needs of low-income Native Hawaiian families. The funding may be used for the construction, rehabilitation, and acquisition of housing; infrastructure; and various support services, including rental assistance to Native Hawaiians.

The Federal Transit Administration (FTA) announced the availability of $13.4 million in competitive grants for the Fiscal Year 2023 Pilot Program for Transit-Oriented Development (TOD) Planning Program. The Pilot Program for TOD Planning helps support FTA's mission of improving America's communities through public transportation by providing funding to local communities to integrate land use and transportation planning with a new fixed guideway or core capacity transit capital investment. 

The U.S. Department of Energy (DOE) announced $46 million for 29 projects across 15 states to develop advanced building technologies and retrofit practices that enable healthier households and communities and reduce energy waste. The Buildings Energy Efficiency Frontiers and Innovation Technologies (BENEFIT) funding opportunity will help advance cost-effective solutions to successfully electrify buildings across the nation while also improving their energy efficiency.

The U.S. Department of Housing and Urban Development (HUD) announced the awarding of a Choice Neighborhoods Implementation grant for $50 million to the Philadelphia Housing Authority and the City of Philadelphia to redevelop Bartram Village.