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HUD Awards $2 Million to Boost Job Growth and Business Opportunities Along U.S.-Mexico Border

HUD has announced $2 million in grants to stimulate job growth and business opportunities in chronically underserved rural areas along the U.S.-Mexico border region. Provided through HUD’s Border Community Capital Initiative (“Border Initiative”), grantees expect to leverage an additional $5.5 million from other public and private sources to increase investment in ‘colonias’ where there are few opportunities for businesses to access private capital.

HUD grants will provide direct investment and technical assistance to community development lending and investing institutions that focus on affordable housing, small business and community facilities to benefit the residents of colonias.

Read the full HUD press release.

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