EDA: $752,000 Invested to Support the Agriculture Production Sector in Martin County, Kentucky
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $752,000 grant to Community at the Core, Inc. in Debord, Kentucky, to support growth of the agriculture production sector. This grant will support the procurement of production equipment at a new apple sorting facility. This EDA investment will be matched with $188,000…
FEMA: DHS Announces $1.8 Billion in Disaster Preparedness Grants
Secretary of Homeland Security Alejandro N. Mayorkas today announced more than $1.8 billion in funding for eight fiscal year 2024 preparedness grant programs. These grant programs provide critical funding to help state, local, tribal and territorial officials prepare for, prevent, protect against and respond to acts of terrorism and disasters. “As threats continue to evolve, the Department of…
HUD: Final Rule Issued to Increase Lender Participation and Boost Homeownership in Tribal Communities
Enhanced home loan program helps to further the homeownership dream for Native American families. Today, the U.S. Department of Housing and Urban Development (HUD) announced a final rule that will increase lender participation in the Section 184 Indian Housing Loan Guarantee (Section 184) program, strengthen regulations to meet the program’s growing demands, and ensure that…
FHFA: FHLBank and CDFI Symposium Scheduled for June 20th in Washington, DC
The Federal Housing Finance Agency (FHFA) today announced that it will host a Federal Home Loan Bank (FHLBank) and Community Development Financial Institution (CDFI) Symposium in Washington, D.C., on Thursday, June 20, 2024. “CDFIs have a relationship-focused approach that enables them to reach individuals who have limited housing options, in a safe and sound manner,”…
FHFA: New Product Notice Published for Freddie Mac Second Mortgage Proposal
Today, the Federal Housing Finance Agency (FHFA) sent to the Federal Register a notice of a proposed new product from Freddie Mac to begin purchasing certain single-family closed-end second mortgages. “The proposed activity is intended to provide homeowners with a cost-effective alternative for accessing the equity in their homes,” said FHFA Director Sandra L. Thompson….
CFPB: Supervision Designation Procedures for Nonbanks Updated
Procedural rule streamlines process for designating nonbanks for supervision The Consumer Financial Protection Bureau (CFPB) issued a procedural rule to update how the agency designates a nonbank for supervision. The updates will streamline the designation proceedings for both the CFPB and nonbanks. The CFPB examines financial institutions, including many nonbanks, for compliance with federal consumer financial protection…
CDFI Fund: $18 Million Awarded to Support Consumer Access to Financial Institutions Through the CDFI Small Dollar Loan Program Awards
Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded $18 million in grants to Certified Community Development Financial Institutions (CDFIs) through the combined fiscal year (FY) 2023 and (FY) 2024 round of the Small Dollar Loan Program (SDL Program). “These important awards enable more Certified CDFIs to offer alternatives…
FEMA: President Biden Approves Major Disaster Declaration for Oregon
FEMA announced that federal disaster assistance has been made available to the state of Oregon to supplement recovery efforts in the areas affected by the severe storms, straight-line winds, landslides and mudslides from Jan. 10-22, 2024. Public assistance federal funding is available to the state, tribal and eligible local governments and certain private nonprofit organizations on…
FEMA: President Biden Approves Major Disaster Declaration for California
FEMA announced that federal disaster assistance has been made available to the state of California to supplement recovery efforts in the areas affected by the severe winter storms, tornadoes, flooding, landslides and mudslides from January 31 to February 9, 2024. Public Assistance federal funding is available to the state, tribal and eligible local governments and certain…
FEMA: $300 Million in Direct Funding Announced for Communities Receiving Migrants and $340 Million for a New Competitive Awards Process
Today, the Department of Homeland Security (DHS), through FEMA and the U.S. Customs and Border Protection (CBP), announced $300 million in grants through the Shelter and Services Program (SSP), which was authorized by Congress to support communities that are providing services to migrants. Two hundred seventy-five million dollars will be distributed in the first allocation, and the…