FRB: Federal Reserve Board Policy Statement Issued to Promote a Level Playing Field for All Banks with a Federal Supervisor Regardless of Deposit Insurance Status
The Federal Reserve Board on Friday issued a policy statement to promote a level playing field for all banks with a federal supervisor, regardless of deposit insurance status. The statement makes clear that uninsured and insured banks supervised by the Board will be subject to the same limitations on activities, including novel banking activities, such…
OCC: Earned Income Tax Credit Awareness Day Promoted
To make more eligible working families aware of the benefits of the Earned Income Tax Credit (EITC), the Office of the Comptroller of the Currency is promoting EITC Awareness Day on January 27. The EITC is a refundable federal income tax credit for low- to moderate-income households. “The Earned Income Tax Credit is a valuable program that…
FEMA: Nearly $422 Million Invested to Renovate Public Housing Complexes in Recovery from Hurricane Maria
The Federal Emergency Management Agency (FEMA) recently approved about $422 million to restore and renovate 37 residential properties belonging to the Public Housing Administration (PHA) due to damage caused by Hurricane María. These works will benefit over 5,400 families throughout the island. As part of the agency’s commitment to help Puerto Rico by mitigating future…
FEMA: Greene, Sumter and Tallapoosa Counties Added to Alabama Major Disaster Declaration
Greene, Sumter and Tallapoosa counties are now eligible for FEMA assistance after the Jan. 12 severe storms, straight-line winds and tornadoes in Alabama. Individuals and households in Greene, Sumter and Tallapoosa counties can apply for FEMA Individual Assistance, which may include temporary housing assistance, basic home repairs and certain other uninsured disaster-related needs. These counties join Autauga, Coosa, Dallas, Elmore,…
HUD: Over $116 Million Announced to Public Housing Agencies for the Family Self Sufficiency Program
2022 Funding Helps HUD-Assisted Families Build Assets, Increase Stability The U.S. Department of Housing and Urban Development (HUD) today announced over $109 million to 682 Public Housing Agencies (PHAs)for the 2022 Renewal Family Self Sufficiency (FSS) Program and an additional $6 million to 32 PHAs and 38 Project Based Rental Assistance (PBRA) owners for the…
HUD: Expanded Support Proposed for Housing Counseling Services Tailored to the Needs of Tribal Communities
Proposed rule seeks to expand Tribal participation in HUD-approved housing counseling by removing unique impediments to counselor certification. The U.S. Department of Housing and Urban Development’s (HUD) Office of Housing Counseling is announcing today that it published a proposed rule in the Federal Register outlining housing counselor certification requirements for housing counseling conducted in connection with the Indian Housing…
HUD: Over 100,000 Families & Individuals Housed through “House America” Homelessness Initiative
Milestone surpasses goal set by HUD Secretary Marcia L. Fudge and achieved by organizing leaders from 105 communities across 31 states and territories and the District of Columbia U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge today announced that states, municipalities, and tribes who joined House America have housed more than…
EDA: $4 Million Invested to Support Business Growth and Workforce Development in Coal-Impacted Communities in West Virginia
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding $4 million in grants to support business growth and workforce development efforts in West Virginia communities impacted by a decline in the coal economy. The EDA investments announced today are: Preston County Public Service District No. 4, Bruceton Mills,…
EDA: $1.1 Million Invested for Boardwalk Upgrades to Support Tourism in Wildwood, NJ
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.1 million grant to the city of North Wildwood, New Jersey, for reconstruction of three blocks of boardwalk space. This project will support boardwalk structural repairs, including timber replacement, electrical upgrades and lighting fixtures, as well as…
EDA: $958,960 Invested for Sewer System Upgrades in Support of Job Creation and Business Growth in Henry County, VA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $958,960 grant to Henry County, Virginia, to support business and job growth efforts by extending local water and sewer service. This project will provide for the construction of a pump station, sewer line, and other improvements to increase water and sewer system…