EDA: $1.6 Million Invested to Establish Critical Stormwater Drainage Infrastructure in Middle Shoals, AL
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.6 million grant to the city of Muscle Shoals, Alabama, to make stormwater drainage infrastructure improvements to protect businesses from the impact of future storms. The EDA grant, to be matched with nearly $407,000 in local investment,…
OCC: Report Shows Mortgage Performance Remains Stable in First Quarter 2020
The Office of the Comptroller of the Currency (OCC) reported the performance of first-lien mortgages in the federal banking system remained stable during the first quarter of 2020. The OCC Mortgage Metrics Report, First Quarter 2020 showed 96.5 percent of mortgages included in the report were current and performing at the end of the quarter, compared to…
SBA: Economic Injury Disaster Loans and Advance Program Reopened to All Eligible Small Businesses and Nonprofits Impacted by COVID-19
To further meet the needs of U.S. small businesses and non-profits, the U.S. Small Business Administration reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to all eligible applicants experiencing economic impacts due to COVID-19 today. “The SBA is strongly committed to working around the clock, providing dedicated emergency assistance to the small businesses…
FHFA: Updated Minimum Financial Eligibility Requirements Re-Proposed for Fannie Mae & Freddie Mac Seller/Servicers
Due to recent market events, the Federal Housing Finance Agency (FHFA) announced today that it will be re-proposing the updated minimum financial eligibility requirements for Fannie Mae and Freddie Mac Seller/Servicers. FHFA has determined that it is prudent to work with the Enterprises to reassess and re-propose these requirements, including incorporating lessons learned from the…
FHFA: 2019 Report Issued to Congress
The Federal Housing Finance Agency (FHFA) today released its annual Report to Congress, covering calendar year 2019. The report addresses several topics related to the fulfillment of FHFA’s statutory responsibilities and the financial condition of FHFA’s regulated entities: Fannie Mae and Freddie Mac (the Enterprises) and the Federal Home Loan Banks (FHLBanks). The report makes recommendations…
EDA: $2.1 Million Invested to Establish Training Center for Nursing Programs in Schriever, LA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.1 million grant to the Fletcher Falcon Enterprise Corporation of Schriever, Louisiana, to build a new healthcare and nursing training facility to support the workforce demands of regional employers. The EDA grant, to be matched with $560,000…
EDA: $2 Million Invested to Provide Critical Infrastructure at Shenandoah Valley Regional Airport in Weyers Cave, VA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding $2 million grant to the Shenandoah Valley Regional Airport Commission in Weyers Cave, Virginia, to construct new airport hangars and training space to support increased aviation activity in the region. “From day one, the Trump Administration put infrastructure…
OCC: $800,000 Invested to Grow Revolving Loan Fund Serving Businesses in Tallahassee, FL Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $800,000 grant to the Apalachee Regional Planning Council (ARPC) in Tallahassee, Florida, to support business recovery and resilience efforts in the wake of Hurricane Michael by capitalizing a second loan pool under the ARPC Revolving Loan Fund. The investment, located in a Tax…
EDA: $800,000 Invested to Make Critical Infrastructure Improvements Needed in Oklahoma Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $800,000 grant to the Garfield County Industrial Authority, Enid, Oklahoma, to support business expansion plans by improving the Garfield County Industrial Park. The EDA grant, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will be matched with $225,394 in local…
Census Bureau: 2020 Census Workers to Count Population Experiencing Homelessness
The U.S. Census Bureau has announced the new schedule for counting people experiencing homelessness in the 2020 Census. The operation was originally scheduled for March 30, March 31 and April 1, but health and safety concerns with COVID-19 forced us to delay these activities. Between September 22 and 24, the Census Bureau now plans to…