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In 2015, the seventh round of TIGER grants generated 625 applications requesting $9.8 billion worth of projects; of those projects, 60 were road projects, 18 percent were transit projects, and eight percent were rail projects, and port and bicycle and pedestrian projects made up six percent of the total. [10]
Funding for those and dozens of other local projects were requested by four House members and Sens. Chuck Schumer and Kirsten Gillibrand and tucked into $460 billion in long-awaited spending bills.
About 90% of federal aid dollars are spent for categorical grants. Project grants are grants given by the government to fund research projects, such as a research project for medical purposes. An individual must acquire certain qualifications before applying for such a grant and the normal duration for project grants is three years.
New York City Capital Resource Corporation (NYCCRC), also administered by NYCEDC, is a local development corporation that provides lower-cost financing programs for eligible capital projects to qualified not-for-profit institutions and manufacturing, industrial, and other businesses.
The funding comes from the Capital Development Fund, and Illinois healthcare providers enrolled as an eligible medical provider with HFS may be eligible to receive a Capital Program grant.
Dec. 2—A bill sponsored by a Decatur lawmaker and signed into law this year will provide more than $7 million to area schools, grants that are being used by Decatur City Schools to help fund a ...
Projects generally construct fewer units than are demolished, so even in the best of circumstances enough units may not be available for all residents to return. Federal auditors found that HUD was awarding grants based on the ability of the area to generate income for the city rather than the actual state of the housing project in question. [13]
Before Malpass became president, his son Robert had joined the International Finance Corporation (IFC), a branch of the World Bank Group that lends money to private sector businesses and whose USD 5.5 billion funding from a USD 13 billion World Bank capital increase was secured by the US Treasury at the time that David Malpass was the Treasury ...
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