CFPB: Action Taken to Prevent Avoidable Foreclosures
Agencies Will Examine for Compliance with COVID-19 Protections Today, the Consumer Financial Protection Bureau (CFPB), jointly with other government agencies, announced a return to enforcement of critical protections for families and homeowners. Those protections, put in place in the wake of the Great Recession to prevent another foreclosure crisis, give families the chance to find…
ABA: Foundation Whitepaper Released on Expanding Financial Service Access for Justice System-Involved Individuals
The ABA Foundation today released a new whitepaper entitled “Strategies to Expand Financial Services Access for Individuals Involved in the Criminal Justice System” that explores common barriers justice system-involved individuals face when trying to gain entry to the financial system following the completion of their sentence. By profiling existing bank initiatives, the report also outlines potential strategies…
HUD: $74 Million Announced to Deliver Equitable COVID-19 Relief to Tribal Communities
The U.S. Department of Housing and Urban Development (HUD) today announced more than $73.9 million in Indian Community Block Grant-American Rescue Plan (ICDBG-ARP) grants to 68 Tribal communities. The announcement, made during a press call with HUD Deputy Secretary Adrianne Todman, underscores the Biden-Harris Administration’s commitment to delivering equitable COVID-19 relief to Tribal communities. A…
HUD: $36 Million Awarded to Boost Local Economic Development and Affordable Housing Programs
More than 250 communities across the country will be able to increase the economic impact of their local community development and affordable housing programs for low- and moderate-income persons through $36 million in “capacity-building” grants awarded by the U.S. Department of Housing and Urban Development (HUD). The funds awarded will support three national organizations and…
HUD: FHA Revised Title I Policies Published to Further Future Financing of Manufactured Homes
The Federal Housing Administration (FHA) on Tuesday announced the publication of significantly revised and enhanced policies under its Single-Family Title I Manufactured Home Loan Program for lenders to provide loans for the financing of manufactured homes, including those titled as personal property, and the lots on which these homes will reside. The enhanced policies provide updated guidance…
EDA: $314 Million Announced to Accelerate Travel, Tourism and Outdoor Recreation Post-Pandemic
U.S. Secretary of Commerce Gina M. Raimondo today announced that the Department’s Economic Development Administration (EDA) is awarding $314 million in American Rescue Plan State Travel, Tourism, and Outdoor Recreation grants to 34 states and the District of Columbia. These investments will support marketing, infrastructure, workforce and other projects to rejuvenate safe leisure, business, and…
SBA: Five New Regional Innovation Clusters Announced
Newly-designated Clusters Collectively Awarded $1.5M to Support Small Business Growth and Drive Innovation in Local Economies The U.S. Small Business Administration (SBA) Administrator Isabella Casillas Guzman announced the addition of five new Regional Innovation Clusters (RIC) to the portfolio of communities the agency supports through the program. RICs are geographically-concentrated networking hubs of small businesses, suppliers, service providers, and…
EDA: $30 Million in Economic Development Administration American Rescue Plan Funding to Support Statewide Economic Development Planning Announced
$1 Million Grants Headed to 30 States and Territories to Lay the Foundation for President Biden’s Build Back Better Agenda U.S. Secretary of Commerce Gina M. Raimondo today announced that the Department’s Economic Development Administration (EDA) is awarding $1 million American Rescue Plan grants to 30 states and territories across the nation to support statewide…
EDA: $4.8 Million in CARES Act Recovery Assistance Invested to Support Industrial Development in Chicago
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $4.8 million CARES Act Recovery Assistance grant to Chicago, Illinois, to support industrial development in the city. This grant will help accelerate the economy and support business growth and development by providing trucks access to one…
EDA: $3.8 Million in CARES Act Recovery Assistance Invested to Support the Distribution and Logistics Sector in Central Indiana
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3.8 million CARES Act Recovery Assistance grant to the Indianapolis Airport Authority, Indianapolis, Indiana, to support the distribution and logistics sector in Central Indiana. This grant will build infrastructure to support supply chain needs by providing…