EDA: $1.6 Million Invested for Wastewater Treatment Upgrades to Service Expanding Microsoft Data Center Campus in Boydton, VA
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.6 million grant to the town of Boydton, Virginia, to upgrade the town wastewater treatment plant to service an expanding Microsoft data center campus and other business needs. This EDA project will provide the wastewater infrastructure…
HUD: HHS and HUD Expand Partnership and New Housing and Services Resource Center Announced
Partnership will improve access to affordable, accessible housing and supportive services Today, the U.S. Department of Health and Human Services (HHS) and the U.S. Department of Housing and Urban Development (HUD) announced the expansion of a partnershipestablished earlier this year to improve access to affordable, accessible housing and the critical services that make community living possible. The partners also announced…
EDA: $196 Million Announced to Accelerate Travel, Tourism and Outdoor Recreation Recovery from COVID-19 Pandemic
24 states and territories receive American Rescue Plan funding targeted at pandemic recovery U.S. Secretary of Commerce Gina M. Raimondo today announced that the Department’s Economic Development Administration (EDA) is awarding $196 million in American Rescue Plan State Travel, Tourism, and Outdoor Recreation grants to 24 states and territories. The funds are part of EDA’s $750 million…
CFPB: Report Issued Highlighting Supervisory Findings of Wide-Ranging Violations of Law in 2021
Examiners found violations in areas including mortgage servicing, fair lending, payday, and remittances The Consumer Financial Protection Bureau (CFPB) today issued a Supervisory Highlights report, which shines a light on legal violations identified by the CFPB’s examinations in the first half of 2021. The report also highlights prior CFPB supervisory findings that led to public…
CDFI Fund: $180.3 Million Awarded to Support CDFI Investment in Low-Income and Distressed Communities
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 265 Community Development Financial Institutions (CDFIs) $180.3 million in Financial Assistance (FA) awards today. The awards, through the fiscal year (FY) 2021 round of the Community Development Financial Institutions Program (CDFI Program) and the Native American CDFI Assistance Program (NACA Program),…
HUD: $52 Million Announced to Deliver Equitable COVID-19 Relief to Tribal Communities
The U.S. Department of Housing and Urban Development (HUD) today announced the awarding of more than $52 million in Indian Community Block Grant-American Rescue Plan (ICDBG-ARP) grants to 49 Tribal communities to prevent, prepare for, and respond to the COVID-19 pandemic. The announcement, made by HUD Deputy Secretary Todman during a speaking engagement at the…
SBA: Members of the Council on Underserved Communities Announced
John W. Rogers Jr. and 14 Distinguished Leaders Appointed to Reconvened CUC will develop policy recommendations for American Indian, Alaska Native, Native Hawaiian, and other underserved small business owners Today, U.S. Small Business Administrator Isabella Casillas Guzman announced the leaders who will serve on the reconvened Council on Underserved Communities (CUC) authorized under the Federal Advisory Committee…
SBA: Plans Announced to Elevate the Office of Women’s Business Ownership
The proposed change reflects the importance of women entrepreneurs held by the Biden-Harris Administration and SBA Today, U.S. Small Business Administration Administrator Isabella Casillas Guzman announced that the SBA intends to elevate its Office of Women’s Business Ownership (OWBO) to directly report to the Office of the Administrator. Under Administrator Guzman, the SBA has expanded the number of Women’s…
CFPB: Final Rule Issued to Facilitate Transition from LIBOR
The Consumer Financial Protection Bureau (CFPB) today finalized a rule facilitating the transition away from the LIBOR interest rate index for consumer financial products. The rule establishes requirements for how creditors must select replacement indices for existing LIBOR-linked consumer loans after April 1, 2022. No new financial contracts may reference LIBOR as the relevant index…
CDFI Fund: Economic Mobility Corps Applications Due January 5, 2022
In September, the Community Development Financial Institutions Fund (CDFI Fund) announced the availability of up to $1.9 million in funding through the fiscal year (FY) 2022 round of the AmeriCorps CDFI Economic Mobility Corps (EMC), which is a joint initiative of the CDFI Fund and AmeriCorps that places full-time national service members in Certified Community Development Financial…