EDA: Nearly $145 Million in CARES Act Funding Invested to Support Recovery from Coronavirus Pandemic
The U.S. Department of Commerce’s Economic Development (EDA) administration has awarded over $10 Million in CARES Act Funding to support economic development and economic recovery in response to the coronavirus pandemic. Investments include: July 30, 2020 – U.S. Department of Commerce Invests $7.8 Million in CARES Act Funding to Boost Capacity of Universities Across Nation to…
FHFA: Temporary Policy Allowing Purchase of Qualified Loans in Forbearance Extended
August 31, 2020 is new expiration date To support homeowners and mortgage lenders, the Federal Housing Finance Agency (FHFA) approved an extension of the temporary policy that allows for the purchase of certain single-family mortgages in forbearance that meet specific eligibility criteria set by Fannie Mae and Freddie Mac (the Enterprises). The policy is extended…
EDA: $850,000 Invested to Make Critical Water Infrastructure Improvements in Northeast Texas Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $850,000 grant to the city of Hooks, Texas, to make critical wastewater infrastructure improvements needed to support business development and economic growth in a Tax Cuts and Jobs Act Opportunity Zone. The EDA grant project will be matched with $212,500 in local funds and…
FEMA: Redesigned FEMA.gov Website Launched
Continuing its goal to reduce the complexity of FEMA and speed information and assistance to individuals and communities impacted by disasters, today the agency launched the redesigned FEMA.gov website. The site has experienced rapid growth with more than 80 million page visits in the past two years, making it one of the agency’s most important…
Census Bureau: Household Pulse Survey Weekly Data Released
The Census Bureau today released new data from the experimental Household Pulse Survey. The Household Pulse Survey is the result of an effort by the Census Bureau and other federal statistical agencies to document temporal trends in how individuals are experiencing business curtailment and closures, stay-at-home orders, school closures, changes in the availability of consumer goods…
HUD: Secretary Carson Meets with Foster Youth to Independence Voucher Recipients in Ohio
U.S. Housing and Urban Development (HUD) Secretary Ben Carson today visited with recipients of HUD’s Foster Youth to Independence (FYI) Initiative and held a roundtable with local leaders to discuss the program, which is in its first year. Secretary Ben Carson meets with Foster Youth to Independence voucher recipients in Ohio before hosting a roundtable…
EDA: $7 Million Invested to Make Critical Infrastructure Improvements Needed to Protect Montana Businesses from Future Floods
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $7 million grant to Powder River County, Montana, to make critical infrastructure improvements needed to increase economic resilience in the face of natural disasters. The EDA grant, to be matched with $1 million in local investment, is…
HUD: Dana Wade Confirmed as New FHA Commissioner
Wade’s housing expertise includes her previous role as Acting Federal Housing Commissioner and Assistant Secretary for Housing U.S. Department of Housing and Urban Development Secretary Ben Carson today applauded the confirmation of Dana Wade to serve as the Federal Housing Administration’s (FHA) Commissioner. FHA currently insures more than 8 million single family mortgages, almost 12,000…
EDA: $6 Million Invested to to Make Critical Infrastructure Improvements Needed to Protect Businesses from Flooding in Clayton, NC Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $6 million grant to the Town of Clayton, North Carolina, to make flood control infrastructure improvements needed to protect manufacturing and other businesses from flooding. The EDA grant, to be located in a Tax Cuts and Jobs Act Opportunity…
CFPB: Information Requested on Ways to Prevent Credit Discrimination and Build a More Inclusive Financial System
The Consumer Financial Protection Bureau (Bureau) issued today a request for information (RFI) to seek public input on how best to create a regulatory environment that expands access to credit and ensures that all consumers and communities are protected from discrimination in all aspects of a credit transaction. The Equal Credit Opportunity Act (ECOA) and…