economic development

WASHINGTON: In a long awaited announcement several months late, the U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund) announced more than $3.5 billion in New Markets Tax Credit awards aimed at stimulating investment and economic growth in low-income urban neighborhoods and rural communities nationwide. A total of 76 organizations (Allocatees) across the country will receive tax credit allocation authority under the 2014 round of the New Markets Tax Credit Program.

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The Provident Bank Foundation is committed to enhancing the quality of life in New Jersey and Pennsylvania communities in Provident Bank's marketplace. Since its founding in 2003, the Provident Bank Foundation has granted more than $19 million to not-for-profit organizations and institutions working toward stronger communities.

The Provident Bank Foundation makes grants in three priority areas: community enrichment, education, and health, youth & families.

  • Our giving to community enrichment focuses on programs that drive economic development, contribute to a more well-rounded community experience, and provide increased access to information and specialized learning opportunities.
  • Our efforts in education support innovative programming that expands access to, and improves the quality of, well-rounded educational experiences for people of all ages.
  • Our contributions to health, youth, and families aim to ensure people of all ages and means have the ability to improve the quality of their lives, including having a safe place to live and access to quality healthcare.


Click HERE for the full details about this RFP.




This is a two-step process. All applicants must complete and submit the online Letter of Intent (LOI). Only submit one entry per organization.


Step 1: Complete the Online LOI form


  • Your application will not be reviewed unless an LOI has been submitted
  • Any questions regarding navigating the online system, review the Step- by-Step Guide

The City of Fremont (City) is announcing a Notice of Funding Availability
(NOFA) for the creation of affordable rental housing in Fremont.

Approximately $8.0 million in funding is available to support predevelopment, acquisition and construction or rehabilitation of affordable housing.  The funding is intended to fill the financing gap between a project’s total development cost and other available financing sources.

The funding available through this NOFA is for capital costs only; no financing is available to fund operating subsidies or supportive services. It should be noted that if additional housing funds become available to the City during the NOFA evaluation process, the amount awarded through this NOFA may also increase.
Qualified affordable housing developers that can meet the NOFA requirements
and demonstrate their ability to finance, design, build/rehabilitate and manage affordable housing are encouraged to submit proposals. All proposals must be received by February 13, 2015.  Applications submitted after the deadline will not be considered. Funding will be awarded by the City on a competitive basis to the project or projects that provide the best opportunity to address the City’s affordable housing needs.

The City reserves the right to request that Applicants submit additional information as may be requested by staff to clarify submitted information. Also, the City reserves the right to reject any and all proposals for any reason, and at its sole discretion.

Click here for more information.