HUD: Disaster Assistance Announced for Texas Survivors
The U.S. Department of Housing and Urban Development (HUD) announced the implementation of federal disaster assistance for the state of Texas and ordered Federal assistance to State, tribal, and local recovery efforts in the areas affected by severe storms, straight-line winds, tornadoes, and flooding beginning on April 26, 2024, and continuing. President Biden issued a major disaster…
FEMA: President Biden Approves Major Disaster Declaration for Kentucky
FEMA announced today that federal disaster assistance is available to the Commonwealth of Kentucky to supplement recovery efforts in the areas affected by severe storms, straight-line winds, tornadoes, landslides and mudslides that occurred on April 2, 2024. The President’s action makes federal funding available to affected individuals in Boyd, Carter, Fayette, Greenup, Henry, Jefferson, Jessamine,…
FDIC: 2024 Risk Review Published
Report highlights risks in banking system including Commercial Real Estate and Consumer Loans The Federal Deposit Insurance Corporation (FDIC) today published its 2024 Risk Review, which summarizes conditions in the U.S. economy, financial markets, and the banking industry. The FDIC’s Risk Review is an annual publication and based on year-end banking data from the prior year….
CFPB: Interpretive Rule Issued to Ensure Consumers Can Dispute Charges and Obtain Refunds on Buy Now, Pay Later Loans
Agency’s interpretive rule addresses Buy Now, Pay Later lender obligations to investigate disputes and refund charges The Consumer Financial Protection Bureau (CFPB) today issued an interpretive rule that confirms that Buy Now, Pay Later lenders are credit card providers. Accordingly, Buy Now, Pay Later lenders must provide consumers some key legal protections and rights that apply to…
HUD: Nearly $67 Million Announced in New Funding to Make Homes More Energy Efficient and Climate Resilient
Awards from President Biden’s Investing in America Agenda will combat the climate crisis, advance environmental justice, and improve lives for residents in HUD-supported housing. The U.S. Department of Housing and Urban Development (HUD) today announced nearly $67 million in new grant and loan awards for 12 properties under its Green and Resilient Retrofit Program (GRRP) as part…
HUD: $5 Million Made Available for Historically Black Colleges and Universities to Conduct Housing and Community Development Research
The U.S. Department of Housing and Urban Development (HUD) released a $5 million notice of funding opportunity (NOFO) to fund research at one or more Research Centers of Excellence at Historically Black Colleges and Universities (HBCUs). The funded Centers will conduct research projects on topics of strategic interest to HUD and produce research that provides evidence-based solutions…
EDA: $4 Million Invested for Water Infrastructure Improvements to Support Job Creation in Burley, ID
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $4 million grant to the city of Burley, Idaho, to support job creation and business expansion in the region. This grant will support the expansion of an industrial wastewater treatment facility, providing greater capacity to local businesses and…
EDA: $2 Million Invested for Building Infrastructure Improvements to Boost Healthcare Workforce Training in Plano, TX
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the Collin County Community College District in Plano, Texas, for building infrastructure improvements to support healthcare workforce training. This grant will support the construction of a new health care and instruction facility, preparing students…
EDA: $1.8 Million Invested to Boost Workforce Development Efforts in New Orleans, LA
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.8 million grant to The Split Second Foundation Inc. in New Orleans, Louisiana, for building infrastructure improvements to support workforce development efforts. This grant will renovate existing commercial space to support the Center for Health and Job Development,…
EDA: $800,000 Invested to Capitalize a Revolving Loan Fund and Support Small Businesses in South Dakota
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $800,000 grant to the Northeast Council of Governments Development Corporation in Aberdeen, South Dakota, to capitalize and administer a Revolving Loan Fund (RLF) serving small businesses in 12 counties in Northeast South Dakota. The RLF will support businesses facing obstacles in obtaining…