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Trump Administration Signs Executive Order Governing Federal Grantmaking

On August 7, 2025, President Trump signed an Executive Order (EO) titled “Improving Oversight of Federal Grantmaking,” which directs federal agencies to strengthen oversight over the discretionary grant process to ensure grants advance American interests, reflect presidential priorities, and eliminate funding for activities deemed inconsistent with those values.

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Senate Banking Unanimously Approves Bipartisan Housing Proposal

On July 29, the Senate Banking, Housing, and Urban Affairs Committee held a markup of the bipartisan Renewing Opportunity in the American Dream (ROAD) to Housing Act of 2025, and passed it out of committee unanimously 24-0. This was the first time in over a decade that Senate Banking held a markup on a housing package.

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EDA Announces FY 2025 Disaster Supplemental Notice of Funding Opportunity

On June 4, the U.S. Economic Development Administration (EDA) announced the Notice of Funding Opportunity (NOFO) for their Fiscal Year (FY) 2025 Disaster Supplemental Grant Program. With approximately $1.45 billion in available funding, the program is designed to support a wide range of economic recovery efforts in disaster-affected areas, helping localities not only recover but also transform their economies for long-term resilience.

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