HUD Announces $25 Million Loan Guarantee for Birmingham, AL Loan for Black, Indigenous, People of Color Fund
Written by Black Hot Fire Network on September 22, 2023
HUD Announces $25 Million Loan Guarantee for Birmingham, AL Loan for Black, Indigenous, People of Color Fund
WASHINGTON - Today, the U.S. Department of Housing and Urban Development (HUD) awarded the City of Birmingham, Alabama a $25.2 million loan fund under its loan guarantee program for the Community Development Block Grant Program, Section 108. The City of Birmingham plans to use these funds to establish a $25 million citywide Loan Pool to provide financing for businesses, non-profit entities, and City departments.
The Loan Pool will provide a ready source of long-term and . . .
