FDIC: Agency Hosts Interagency Conference Focusing on Minority Depository Institutions
Announces New MDI Initiatives and Publishes Results of New MDI Study The Federal Deposit Insurance Corporation (FDIC) hosted the2019 Interagency Minority Depository Institution and CDFI Bank Conference this week in partnership with the Federal Reserve Board and the Office of the Comptroller of the Currency. The two-day conference, held June 25–26, 2019, includes discussions on…
CDFI Fund: FY 2019 Capital Magnet Fund Funding Round Opens
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened today the fiscal year (FY) 2019 funding round for the Capital Magnet Fund. Through the Capital Magnet Fund, the CDFI Fund competitively awards funds to CDFIs and qualified non-profit housing organizations. These awards can be used to finance affordable housing activities,…
FEMA: Six More Oklahoma Counties Added to Federal Disaster Declaration
Six more counties in Oklahoma have been designated for disaster assistance as part of the federal disaster declaration for damages caused by severe storms, straight-line winds, tornadoes and flooding between May 7 and June 9, 2019. This announcement brings the total number of counties designated for Individual Assistance to 27 with recent additions including Alfalfa, Craig,…
FEMA: President Trump Approves Major Disaster Declaration for Mississippi
FEMA announced that federal disaster assistance has been made available to the state of Mississippi to supplement state, tribal and local recovery efforts in the areas affected by severe storms, straight-line winds, and flooding beginning on April 13 to 14, 2019. Federal funding is available to the state, tribal, eligible local governments and certain private…
FEMA: President Trump Approves Major Disaster Declaration for Kansas
FEMA announced that federal disaster assistance has been made available to the state of Kansas to supplement state and local recovery efforts in the areas affected by severe storms, straight-line winds, tornadoes, flooding, landslides and mudslides on April 28, 2019 and continuing. The President’s action makes federal funding available to state, eligible local governments and…
EDA: Investment Made to Help Establish Industrial Park in Opportunity Zone in Berryville, AR
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to the city of Berryville, Arkansas, to provide critical infrastructure needed to establish a 160-acre industrial park. The project, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, will be matched with $401,100…
CDFI Fund: Annual CIIS Public Data Release on CDFI Program Recipient Reporting
The Community Development Financial Institutions Fund (CDFI Fund) released today an additional year of data provided by Community Development Financial Institutions (CDFIs) through its data collection system, known as the Community Investment Impact System (CIIS), representing 15 years of data. The data collected covers fiscal years (FYs) 2003 through 2017. This is the last year…
FHFA: More Than 4.3 Million Homeowners Helped Since Conservatorships
The Federal Housing Finance Agency (FHFA) today released its first quarter 2019 Foreclosure Prevention Report,which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 38,968 foreclosure prevention actions in the first quarter of 2019, bringing the total number of foreclosure prevention actions to 4,322,804 since September 2008. The report also shows that 38 percent of loan modifications completed in…
EDA: $1.7 Million Invested to Improve Lamar Boulevard in Hattiesburg, MS
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.7 million grant to the city of Hattiesburg, Mississippi, to rehabilitate and improve Lamar Boulevard so that it better drains in the event of potential flood events and can support increased commercial traffic volume. The investment, to…
EDA: Investment Made to Boost Business and Export Opportunities in George County, MS
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.4 million grant to the George County Board of Supervisors, Lucedale, Mississippi, to make critical infrastructure improvements to the George County Industrial Park. The improved industrial site will accommodate local business needs, including the development of a…