EDA: $4.4 Million Invested to Support Commercial Fishing Workforce Development Efforts in American Samoa Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $4.4 million grant to the American Samoa Government, Pago Pago, American Samoa, to support commercial fishing workforce development and economic diversification efforts. The EDA grant, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will create…
EDA: $1.49 Million in CARES Act Recovery Assistance Invested to Expand Healthcare Delivery Capacity on Coquille Indian Tribe’s Kilkich Reservation
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.49 million CARES Act Recovery Assistance grant to the Coquille Indian Tribe, North Bend, Oregon, to purchase equipment and supplies needed to expand patient capacity and respond to the coronavirus pandemic through the Ko-Kwel Wellness Center, currently…
EDA: $1.45 Million Invested to Make Water System Infrastructure Improvements in Georgetown, SC
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.45 million grant to the city of Georgetown, South Carolina, to make water infrastructure improvements needed to support commercial and industrial growth following destruction caused by Hurricane Florence. The EDA grant will be matched with $364,740 in…
CFPB: Bureau Launches Refreshed Website with a New Interactive Enforcement Database
Today, the Consumer Financial Protection Bureau (Bureau) launched a refresh of its public website, consumerfinance.gov. The updated website will feature additional user functionality, an improved layout, more content, and easier access to information. Notably, the refresh will also include a new interactive enforcement database to help the public track the Bureau’s enforcement actions. Through these…
Census Bureau: Virtual Summit to Highlight Data Innovations Scheduled for December 9-11
What: The U.S. Census Bureau is celebrating the fifth anniversary of The Opportunity Project (TOP) at its first-ever three day virtual conference, featuring more than 35 new products from the Census Bureau and industry collaborators. There will be 24 sessions at this year’s conference including keynotes, lightning talks and discussions on government innovation, open data strategy and technology for…
HUD: Recovery Housing Program to Aid Americans Recovering from Substance Abuse Launched
The pilot program would provide housing and stability to those who are currently in recovery from substance abuse disorder U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson announced the publication of the Notice for HUD’s pilot Recovery Housing Program (RHP). The program was authorized by the SUPPORT Act to provide stable, temporary housing…
FHFA: U.S. House Prices Rise 3.1 Percent in Third Quarter 2020; Up 7.8 Percent Over the Last Year
U.S. house prices rose 7.8 percent from the third quarter of 2019 to the third quarter of 2020 according to the Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices were up 3.1 percent in the third quarter of 2020. FHFA’s seasonally adjusted monthly index for September was up 1.7 percent from August. “House prices recorded their strongest quarterly…
FHFA: Conforming Loan Limits Announced for 2021
Fannie Mae and Freddie Mac Baseline Limit Will Increase to $548,250 The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2021. In most of the U.S., the 2021 maximum conforming loan limit (CLL) for one-unit properties will be $548,250,…
EDA: $1.2 Million Invested to Provide Critial Utility Infrastructure Improvements in Tecumseh, NE
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.2 million grant to the City of Tecumseh, Nebraska, to make critical utility infrastructure improvements needed to increase electricity generation capacity and stability. The EDA grant, to be matched with $304,863 in local investment, is expected to…
OCC: Proposed Rule Issued Regarding the CRA General Performance Standards
The Office of the Comptroller of the Currency (OCC) today invited comment on a notice of proposed rulemaking regarding the Community Reinvestment Act’s (CRA) general performance standards. The OCC published a final rule in June 2020 to strengthen and modernize the agency’s regulations under the CRA to encourage banks to engage in more activities to serve the…