On October 31, 2016, NeighborWorks America awarded Econometrica a contract to provide grant review services, including application review and technical review support, for its Project Reinvest grant programs. Project Reinvest is funded by a $122.5 million settlement with Bank of America and the U.S. Department of Justice. The Project is designed to provide down-payment lending to low- and moderate-income individuals (Homeownership Grant); promote stabilization and revitalization in areas hit hard by foreclosure (Neighborhoods Grant); and assist individuals in stabilizing their finances, rebuilding credit, and establishing savings (Financial Capability Grant). Econometrica will coordinate and manage the review of a large volume of applications and participate in the design, coordination, and implementation of the grant review process for Project Reinvest and its three respective grant programs.
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The HCD team is interested in expanding its consultant and subcontractor cadre to include individuals or partner firms with expertise in the following areas: disaster resiliency planning, disaster recovery funds management and program administration; U.S. Department of Housing and Urban Development rural housing and economic development programs; Federal Housing Administration single-family housing policy, asset management, and marketing services; and local workforce development initiatives.