The Economic Innovation Group Applauds Bipartisan Bill on Reporting Requirements for Investments in Opportunity Zones

  The Economic Innovation Group (EIG) welcomed bipartisan Congressional action to affirm the importance of investment transparency in Opportunity Zones, and reinstate impact and outcome reporting measures from the Investing in Opportunity Act. In the Senate, Senators Cory Booker (D-NJ), Tim Scott (R-SC), Maggie Hassan (D-NH), and Todd Young (R-IN) introduced a bill (S. 1344) that would establish a reporting framework for investments in Opportunity…

Amid a crisis of inequality, $2 trillion of tax-free investing in Opportunity Zones could benefit both rich and poor

PUBLISHED MON, MAY 6 2019  9:00 AM EDTUPDATED MON, MAY 6 2019  10:04 AM EDT R. Paul Herman, CEO, and Noah Strouse, investment analyst, at HIP Investor KEY POINTS More than $2 trillion in unrealized gains sit on the ledgers of investors and corporations, according to the Economic Innovation Group. Investing these funds directly in 8,700 Opportunity…

FCC Chairman Sets $20B/10-Year Rural Broadband Funding Plan

The Federal Communications Commission (FCC) will be facilitating $20.4 billion of investments into high-speed broadband networks across rural America over the next 10 years, FCC Chairman Ajit Pai announced during a briefing with President Trump on April 12. To distribute those funds, the FCC will create the Rural Digital Opportunity Fund, which will provide funding…

HUD Awards $74 Million To Help Families Reach Self-Sufficiency

HUD No. 19-010 HUD Public Affairs (202) 708-0685 FOR RELEASE Thursday February 14, 2019 Federal funding to support education and employment among HUD-assisted families WASHINGTON – U.S. Housing and Urban Development (HUD) Secretary Ben Carson today awarded $74 million to hundreds of public housing authorities across the country to continue helping public housing residents participating…

HUD Awards Over $2 Billion To Help End Homelessness – Federal grants to help thousands of homeless assistance programs nationwide

HUD No. 19-008 HUD Public Affairs (202) 708-0685 FOR RELEASE Friday February 8, 2019   WASHINGTON – The U.S. Department of Housing and Urban Development today awarded $202 million in FY18 Continuum of Care (CoC) Program grants to support new homeless programs across the country, including nearly $50 million to projects dedicated to assisting survivors…