HUD: Nearly $165 Million Awarded to Protect Families from Lead and Other Home Health and Safety Hazards
Funding to make low-income families’ homes safer and healthier The U.S. Department of Housing and Urban Development (HUD) today awarded nearly $165 million to 44 state and local government agencies in 23 states to protect children and families from lead-based paint and home health hazards. HUD is providing these grants through its Lead Based Paint Hazard…
EDA: $10.3 Million in CARES Act Funding to Capitalize Revoling Loan Fund Across West Virginia
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $10.3 million EDA CARES Act Recovery Assistance grant to the West Virginia Economic Development Authority, Charleston, West Virginia, to capitalize and administer a Revolving Loan Fund (RLF) that will provide critical capital financing to small businesses and…
EDA: $4 Million Invested to Improve Water Infrastructure in Stevenson, WA Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $4 million grant to the city of Stevenson, Washington, to make critical wastewater infrastructure improvements needed to support business growth throughout the region. The EDA grant, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will…
EDA: $732,080 Invested to Renovate Historic Building to Support Entrepreneurial and Start-up Growth in Vincennes, IN Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $732,080 grant to the city of Vincennes, Indiana, to renovate the historic Pantheon Theatre and convert it into a shared coworking, training, and meeting space to support entrepreneurs and small business growth. The project, to be located in a Tax Cuts and Jobs…
FEMA: President Trump Approves Major Disaster Declaration for Florida
FEMA announced that federal disaster assistance has been made available to the state of Florida to supplement state and local recovery efforts in the areas affected by Hurricane Sally from Sept. 14, 2020, and continuing. Federal funding is available through FEMA’s Public Assistance program at a 75% cost share to state, eligible local governments and certain…
Census Bureau: Small Business Pulse Survey Phase 2 Weekly Data Released
The U.S. Census Bureau today released new data from the second phase of the experimental Small Business Pulse Survey. Data collection began Aug. 9, 2020. Results will be released weekly starting Aug. 20 through Oct. 15, 2020. The second phase includes questions on the core concepts from the first phase of the survey, as well as…
FHFA: Buying Loans in Forbearance and COVID-Related Loan Processing Flexibilities Further Extended
The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) will extend buying qualified loans in forbearance and several loan origination flexibilities until October 31, 2020. The changes are to ensure continued support for borrowers during the COVID-19 national emergency. The flexibilities were set to expire on September 30,…
FHFA: Second Quarter Foreclosure Prevention and Refinance Report Released for Fannie Mae and Freddie Mac
The Federal Housing Finance Agency (FHFA) today released its second quarter 2020 Foreclosure Prevention and Refinance Report. The report shows that Fannie Mae and Freddie Mac (the Enterprises) completed 252,014 foreclosure prevention actions in the second quarter of 2020, bringing to 4.68 million the number of troubled homeowners who have been helped during conservatorships. Of…
EDA: $557,254 Invested to Support Manufacturing Sector in Eastern New York
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $557,254 grant to the Town of Erwin Industrial Development Agency, Painted Post, New York, to support the installation of a new groundwater supply well to meet water capacity demands of manufacturing businesses in the region. The EDA grant, to be matched with…
CDFI Fund: U.S. Treasury Awards $204.1 Million to Support Economic Growth in Low-Income, Distressed and Native Communities
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 397 Community Development Financial Institutions (CDFIs) $204.1 million in awards today. The awards, through the fiscal year (FY) 2020 round of the Community Development Financial Institutions Program (CDFI Program) and the Native American CDFI Assistance Program (NACA Program), will enable CDFIs…