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Founded in 2011, Arch Grants started as an initiative to bolster the St. Louis economy by supporting startups with potential for high growth. As of January, 2024, Arch Grants has funded 252 companies that have generated $742.5 million in revenue, attracted $696.3 million in additional capital, and created over 3,500 net new jobs for St. Louis. [3]
Non-profit housing developers build affordable housing for individuals under-served by the private market. The non-profit housing sector is composed of community development corporations (CDC) and national and regional non-profit housing organizations whose mission is to provide for the needy, the elderly, working households, and others that the private housing market does not adequately serve.
The HOME Investment Partnerships Program (HOME) is a type of United States federal assistance that the U.S. Department of Housing and Urban Development (HUD) provides to states to create decent and affordable housing, particularly housing for low and very low income Americans. [1]
The CDBG program was enacted in 1974 by President Gerald Ford through the Housing and Community Development Act of 1974 and took effect in January 1975. Most directly, the law was a response to the Nixon administration's 1973 funding moratorium on many Department of Housing and Urban Development (HUD) programs.
The CWSRF, which replaced the Clean Water Act Construction Grants program, provides loans for the construction of municipal wastewater facilities and implementation of nonpoint source pollution control and estuary protection projects. [1] Congress established the fund in the Water Quality Act of 1987.
In 1983, Boston established its first linkage program to help balance commercial construction with construction of affordable, residential development. All commercial construction projects of more than 100,000 feet requiring zoning relief are required to pay linkage fees or construct affordable housing and/or fund job-training programs.