CDFI Fund: Upcoming FY 2022 CDFI Equitable Recovery Program Deadlines Announced
As a reminder for FY 2022 CDFI Equitable Recovery Program (CDFI ERP) applicants, the deadline for online submission of the SF-424 through Grants.gov for this year’s CDFI ERP funding round is August 18, 2022 at 11:59 PM ET. Applicants must create an Awards Management Information System (AMIS) account and enter their Employer Identification Number (EIN)…
FEMA: President Biden Signs Major Disaster Declaration for Minnesota
FEMA announced federal emergency aid has been made available to the state of Minnesota to supplement state, tribal and local recovery efforts in areas affected by severe storms, straight-line winds, tornadoes and flooding from May 29-30, 2022. The President’s action makes federal funding available to state, tribal and eligible local governments and certain private nonprofit organizations on…
FHFA: Update to Servicers Announced to Maintain Fair Lending Data on Loans
The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac (the Enterprises) will require servicers to obtain and maintain fair lending data on their loans, and for this data to transfer with servicing throughout the mortgage term. The fair lending data to be maintained includes borrowers’ age, race, ethnicity, gender, and…
EDA: Over $17 Million in American Rescue Plan Funds Invested Last Week
Last week, the following grants were made under the American Rescue Plan Funds program: August 10, 2022 – U.S. Department of Commerce Invests $587,395 in American Rescue Plan Funds to Strengthen Economic Development Organizations in Mayaguez, Puerto Rico August 9, 2022 – U.S. Department of Commerce Invests $5.4 Million in American Rescue Plan Funds to Support Workforce…
CFPB: Agency Warns that Digital Marketing Providers Must Comply with Federal Consumer Finance Protections
Tech firms that use behavioral targeting of individual consumers regarding financial products are liable for violations Today, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule laying out when digital marketing providers for financial firms must comply with federal consumer financial protection law. Digital marketers that are involved in the identification or selection of…
HUD: More than $840,000 Awarded to Provide Rental Assistance and Supportive Services to Native American Veterans Experiencing or At Risk of Homelessness
The U.S. Department of Housing and Urban Development (HUD) today awarded $841,113 in Tribal HUD-Veterans Affairs Supportive Housing (Tribal HUD-VASH) expansion grants to three Tribally Designated Housing Entities (TDHEs) to help house 45 Native American Veterans experiencing or at risk of experiencing homelessness. Funding was awarded to two existing Tribal HUD-VASH grantees, Cook Inlet Housing…
HUD: Nearly $3 Million in Loan Guarantee Announced for Bablyon, NY to Create a Multi-Purpose Greenhouse Public Facility
The U.S. Department of Housing and Urban Development (HUD) today awarded the Town of Babylon in the State of New York a $2,963,000 loan guarantee for the Geiger Park Botanical Garden project. The Geiger Park Botanical Garden project is part of the town’s long-term, multi-phased plan to renovate an existing park known as Geiger Memorial…
EDA: $3 Million Invested to Support Business Attraction and Expansion Efforts in Southern Indiana
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the River Ridge Development Authority, Jeffersonville, Indiana, to connect two new water storage tanks to the five-county River Ridge Development Area. This grant will provide additional reliable water capacity for the River Ridge…
EDA: $1.2 Million Invested to Support Workforce Development in Central California
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.2 million grant to Fresno City College, Fresno, California, to procure supplies and training equipment for the West Fresno Advanced Training Center. This EDA investment will bolster Fresno City College’s ability to train and prepare students for…
FEMA: President Biden Approves Major Disaster Declaration for Missouri
FEMA announced federal emergency aid has been made available to the state of Missouri to supplement state and local recovery efforts in areas affected by severe storms and flooding from July 25-28, 2022. The President’s action makes federal funding available to affected individuals in St. Charles and St. Louis counties, and the Independent City of…