Nine Localities Added to Promise Zone Initiative – NMP Skip to main content

Nine Localities Added to Promise Zone Initiative

Jun 10, 2016
The U.S. Departments of Agriculture (USDA) and Housing and Urban Development (HUD) have announced the final nine localities that will participate in the Promise Zone Initiative

The U.S. Departments of Agriculture (USDA) and Housing and Urban Development (HUD) have announced the final nine localities that will participate in the Promise Zone Initiative, a federal endeavor to boost economic activity and the standard of living across urban, rural and tribal communities.

The new slate of Promise Zones are located in Atlanta; Nashville; Evansville, Ind.; South Los Angeles, Calif.; San Diego; the Southwest Florida Regional Planning Commission; the Spokane Tribe of Indians in Washington; the Turtle Mountain Band of Chippewa Indians in Rolette County, N.D.; and the Roosevelt Roads in Puerto Rico.

“Promise Zones bring the power of partnership to a whole new level as we seek to bring opportunity to neighborhoods long locked out of their area’s prosperity,” said HUD Secretary Julian Castro. “As a former mayor from a city that includes a Promise Zone, I know just how powerful these collaborations are when it comes to building stronger, economically vital neighborhoods.”

“Rural and Tribal areas face unique challenges and we are ready to take on those challenges with creative solutions that strengthen communities,” said USDA Secretary Tom Vilsack. “The Promise Zone initiative delivers proven results by encouraging collaboration between the federal government, community organizations, the private sector and state and local governments. Through these partnerships, we are supporting jobs and economic opportunities that enable rural areas to thrive.”

About the author
Published
Jun 10, 2016
Strong Jobs Report Threatens Mortgage Rate Rally

October hiring more than doubled expectations, pushing Treasury yields higher

Nov 06, 2026
Fed Holds Rates, But Pricing Pressures Persist

Rising Treasury yields and fresh inflation data complicate rate locks, borrower qualification, and lender margins as markets anticipate another hike in December

Oct 29, 2026
Zippy Adds Capital For Manufactured-Home Lending Push

The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels

Oct 16, 2026
Inflation Hits 3.7%, Putting Mortgage Rate Relief At Risk

September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions

Oct 14, 2026
PLACE Acquires Ardley, Expanding Push To Turn Existing Borrowers Into New Loans

The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders

Oct 09, 2026
Equifax, TransUnion Launch New Tools To Cut Credit Report Costs

Both bureaus introduce ways to purchase credit scores separately from reports, while Equifax reports growing VantageScore adoption and extends $1 pricing through 2028

Oct 09, 2026