11 May 2021

American Rescue Plan Act – Section 603

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The American Rescue Plan Act § 602 provides a total of $350 billion to eligible states, territories, and tribal governments. Funds are available until 2024 and are to be used for “necessary investments” in “water, sewer, broadband infrastructure.”

Of that $350 billion, the total allocated to Missouri is $5.475 billion (combining the allocations at the state level and allocations to cities, counties, and non-county jurisdictions). For guidance, refer to the issue-specific toolkits developed by Missouri state agencies for local governments to use in considering investments for their communities with American Rescue Plan Act (“ARPA”) local fiscal recovery funding.

See the most recent FAQs provided by U.S. Treasury for more information.

The American Rescue Plan Act § 603 provides a total of $130.2 billion directly for broadband infrastructure for eligible municipalities and counties. Funds are available until December 2024. Funds must be used to make “necessary investments” in “water, sewer, and broadband infrastructure.”

4 May 2021

Impact KC

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Impact KC is a group of philanthropic and civic-minded individuals dedicated to making a substantive impact on the well-being of the Kansas City metropolitan area through volunteerism, fundraising and education. Impact KC receives funding from their general membership, and the fund is administered by the Greater Kansas City Community Foundation. They award one-time grants to one to four organizations through an annual application process.

Applications closed July 30, 2021.

4 May 2021

Sunderland Foundation

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Since its inception in 1945, the Sunderland Foundation has focused on supporting construction projects, awarding grants to nonprofits in the Kansas City region and other markets traditionally served by the Ash Grove Cement Company.  Grants are awarded in Western Missouri, Kansas, Nebraska, Arkansas, Western Iowa, Idaho, Central Texas, Oklahoma, Oregon, Washington, Utah and Montana. 

The Sunderland Foundation generally awards grants to larger, well-established nonprofit organizations. 

3 May 2021

CDFI Fund New Markets Tax Credit Program

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Through the NMTC Program, the CDFI Fund allocates tax credit authority to Community Development Entities (CDEs) through a competitive application process. CDEs are financial intermediaries through which private capital flows from an investor to a qualified business located in a low-income community. CDEs use their authority to offer tax credits to investors in exchange for equity in the CDE. Using the capital from these equity investments, CDEs can make loans and investments to businesses operating in low-income communities on better rates and terms and more flexible features than the market.

This program is not currently accepting applications.

3 May 2021

Business and Industry Loan Guarantees

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This program offers loan guarantees to lenders for their loans to rural businesses. Lenders need the legal authority, financial strength, and sufficient experience to operate a successful lending program. This includes lenders that are subject to supervision and credit examination by the applicable agency of the United States or a State including: Federal and State-chartered banks; Savings and loans; Farm Credit Banks with direct lending authority; and Credit unions.

For more information, see the fact sheet. Applications are currently open.

3 May 2021

Community Facilities Guaranteed Loan Program

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This program provides loan guarantees to eligible lenders to develop essential community facilities in rural areas. An essential community facility is defined as a public improvement, operated on a non-profit basis, needed for the orderly development of a rural community where the rural community is a city or town, or its equivalent county or multi-county area. The term “facility” refers to both the physical structure financed and the resulting service provided to rural residents or rural businesses.

See the fact sheet for more information. This program is currently open.