FEMA: President Biden Approves Major Disaster Declaration for South Carolina
FEMA announced that federal disaster assistance has been made available to the state of South Carolina to supplement state, local and tribal recovery efforts in the areas affected by Hurricane Ian beginning Sept. 25 to Oct. 4, 2022. The President’s action makes federal funding available to affected individuals in Charleston, Georgetown and Horry counties. Assistance…
FEMA: President Biden Approves Emergency Declaration for New York
FEMA announced that federal emergency aid has been made available to the state of New York to supplement state, tribal and local response efforts to the emergency conditions in the areas affected by a severe winter storm beginning Nov. 18, 2022 and continuing. The President’s action authorizes FEMA to coordinate all disaster relief efforts, which…
FEMA: President Biden Amends Puerto Rico Disaster Declaration
FEMA announced today that additional disaster assistance is available to the Commonwealth of Puerto Rico through an increase in the level of federal funding for Public Assistance projects undertaken in the Commonwealth as a result of Hurricane Fiona during the period of Sept. 17-21, 2022. The federal share for debris removal and emergency protective measures,…
HUD: Flood Insurance Options Increased for Homeowners with FHA Mortgages Living in Special Flood Areas
Federal Housing Administration to allow private flood insurance policies on insured single-family mortgages in special flood hazard areas The U.S. Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), is announcing today that effective December 21, 2022, it will allow homeowners with FHA-insured mortgage financing to obtain flood insurance policies that conform to…
HUD: 87 Affordable Rental Homes Preserved Through Rental Assistance Demonstration Conversion with the Housing Authority of the City of Little Rock
Recently closed RAD conversion transaction supports affordable rental homes across three properties in southwest Little Rock, AR The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing recently closed a Rental Assistance Demonstration (RAD) transaction with the Housing Authority of the City of Little Rock, AR, to preserve and rehabilitate 87 affordable rental…
Federal Reserve: College Fed Challenge Winners Announced
Princeton University won the 19th annual national College Fed Challenge on Friday, a team competition that encourages undergraduate students to learn about the U.S. economy, monetary policymaking, and the role of the Federal Reserve System. Teams analyze economic and financial conditions and formulate a monetary policy recommendation, modeling the Federal Open Market Committee. The team, from Princeton,…
CDFI Fund: CY 2022 Round of New Markets Tax Credit Program Opened
$5 Billion in Allocation Authority Available The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the Notice of Allocation Availability (NOAA) for the calendar year (CY) 2022 round of the New Markets Tax Credit Program (NMTC Program). The CDFI Fund is posting the NOAA on its website in anticipation…
Census Bureau: Webinar on 2017-2021 American Community Survey Five-Year Estimates Scheduled for December 1st
The U.S. Census Bureau is scheduled to hold a webinar Dec. 1, 2022, explaining how to access data and online resources from the 2017-2021 American Community Survey (ACS). The webinar will also provide tips for comparing ACS geographies and statistics over time. Embargo subscribers will have access to these statistics from Tuesday, Dec. 6, at 10 a.m. EST to Thursday, Dec….
SBA: Administrator Guzman Calls on Americans to “Shop Small” on Small Business Saturday Across America
Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s 33 million small businesses, calls on Americans to “Shop Small” throughout this holiday season and on Small Business Saturday, which falls on November 26. “As our economy continues to stabilize, it’s more important than ever that…
FHFA: Report Issued on Enterprise Single-Family Guarantee Fees in 2021
The Federal Housing Finance Agency (FHFA) today issued its annual report on single-family guarantee fees charged by Fannie Mae and Freddie Mac (the Enterprises). Guarantee fees are intended to cover the credit risk as well as administrative and operational costs that the Enterprises incur when they acquire single-family loans from lenders. In particular, the report…