EDA: $1.2 Million in American Rescue Plan Funds Invested to Expand Resources for Creative Arts Businesses and Entrepreneurs in Albuquerque, NM
Today, U.S. Secretary of Commerce Gina M. Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.2 million American Rescue Plan Economic Adjustment Assistance grant to the Keshet Dance Company, Albuquerque, New Mexico, to renovate the Keshet Ideas and Innovation Center. The project will create additional space and support for artisans and creative-based…
EDA: $1.1 Million in American Rescue Plan Funds Invested to Provide Technical Assistance to Small Buisnesses in South San Francisco, CA
Today, U.S. Secretary of Commerce Gina M. Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.1 million American Rescue Plan Economic Adjustment Assistance grant to the city of South San Francisco, California, to develop the North County Business Resource Center. The new facility will benefit low and moderate income. and previously underserved…
ABA: Banks Begin Accepting Entries for ABA Foundation’s Annual “Lights, Camera, Save!” Teen Video Contest on February 21st
Banks across the nation will begin accepting entries for the American Bankers Association Foundation’s 12th annual Lights, Camera, Save! video contest on Mon., Feb 21. Lights, Camera, Save! is a national contest that encourages teens to use video to communicate the value of sound money management. This free competition is one of the ABA Foundation’s most popular…
Census Bureau: Household Pulse Survey Phase 3.3 Monthly Data Released
The U.S. Census Bureau today released new data from phase 3.3 of the experimental Household Pulse Survey (HPS). The HPS is now a monthly release as current changes in data no longer warrant a biweekly data collection, and we work to reduce respondent burden. This phase includes updated vaccination questions that expand response options for the number…
HUD: Disaster Assistance Announced for Hawaii Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance to supplement state and local recovery efforts in the areas of Hawaii affected by severe storms, flooding, and landslides during the period of December 5 and December 10, 2021 On February 15, President Biden issued a major disaster declaration for…
CFPB: New Way Launched for the Public to Petition Agency for Action
Reforms Will Help the Public to Exercise their Constitutional Rights The Consumer Financial Protection Bureau (CFPB) today made it easier for the public to meaningfully engage with the agency and request regulatory changes. Starting today, members of the public can submit petitions for rulemaking directly to the CFPB. The petitions will be posted on public dockets…
FEMA: President Biden Approves Major Disaster Declaration for Hawaii
FEMA announced that federal disaster assistance has been made available to the state of Hawaii to supplement state and local recovery efforts in the areas affected by severe storms, flooding and landslides during the period of Dec. 5-10, 2021. Federal funding is available to eligible state and local governments and certain private nonprofit organizations on a cost-sharing basis for emergency work and the repair…
OCC: Project REACh Efforts Launched in Detroit
Acting Comptroller of the Currency Michael J. Hsu today joined civic leaders, community advocates, and bankers to launch Detroit REACh. The Office of the Comptroller of the Currency (OCC) launched Project REACh, the Roundtable for Economic Access and Change, to bring together leaders from the banking industry, civil rights organizations, business, and technology to identify…
Census Bureau: Small Business Pulse Survey Phase 8 Begun
The U.S. Census Bureau today announced the beginning of data collection for Phase 8 of the Small Business Pulse Survey (SBPS). This experimental survey was designed and launched in April 2020 to measure the effect of changing business conditions during the coronavirus pandemic. It has also proven valuable in measuring the impact of other major events such…
HUD: FHA Removes Temporary COVID-19 Underwriting Mitigants for Multifamily Transactions
Resilient portfolio performance allows return to Multifamily Accelerated Processing Guide standard requirements for reserves, escrows, and cash-out refinance transactions The Federal Housing Administration (FHA) announced on Monday at the Mortgage Bankers Association Commercial/Multifamily Finance Convention & Expo that it is removing temporary COVID-19 underwriting mitigants for multifamily transactions insured under Section 223(f) of the National Housing Act,…