EDA: $2 Million Invested to Construct Resilient Water Infrastructure and Support Manufacturing in South Carolina
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the Powdersville Water District in Easley, South Carolina, to make water infrastructure improvements needed to serve a major advanced manufacturing exporter of power tools and other businesses in the region. The EDA grant,…
HUD: More than $75 Million in Fourth Wave of CAREs Act Funding Allocated to Assist People Living with Disabilities
Fourth wave of relief funds provides additional housing choice vouchers to public housing authorities Today, the U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson announced nearly $77 million in a fourth wave of CARES Act funding, supporting up to 8,300 additional vouchers. Provided through HUD’s Section 811 Mainstream Housing Choice Voucher Program, this…
EDA: $562,000 Invested to Install New Boat Moorings to Boost U.S. Virgin Islands Tourism Industry
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $562,000 grant to the Virgin Islands Professional Charter Association of Saint Thomas, U.S.V.I., to support the tourism sector by installing moorings in the bays of the U.S. Virgin Islands as part of the recovery effort following Hurricanes Irma and Maria. The EDA…
Census Bureau: COVID-19 Interactive Data Hub Update Released
The Census Bureau has released an updated version of the interactive data hub on its COVID-19 resource page. The resource page is designed to help federal agencies, businesses and communities make decisions related to the COVID-19 pandemic. Version 1.2 of the interactive data hub includes: Improved search and navigation functions for impact reports Additional variables for: Nonemployer Statistics impact report…
SBA: Treasury and SBA Release Paycheck Protection Program Loan Forgiveness Application
Today, the Small Business Administration (SBA), in consultation with the Department of the Treasury, released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application. The form and instructions inform borrowers how to apply for forgiveness of their PPP loans, consistent with the Coronavirus Aid, Relief, and Economic Security Act (CARES…
CFPB: CSBS and CFPB Issue Consumer Guide on Mortgage Relief Options
To guide homeowners with federally backed loans through the process of obtaining mortgage relief, the Consumer Financial Protection Bureau (Bureau) and the Conference of State Bank Supervisors today released a Consumer Relief Guide with borrowers’ rights to mortgage payment forbearance and foreclosure protection under the federal CARES Act. Kathleen L. Kraninger, CFPB Director: “CFPB is working hand-in…
FEMA: President Trump Approves Major Disaster Declaration for Arkansas due to Severe Storms
FEMA announced that federal disaster assistance has been made available to the state of Arkansas to supplement state and local recovery efforts in the areas affected by severe storms, straight-line winds and tornadoes on March 28, 2020. Federal funding also is available to state, tribal and eligible local governments and certain private nonprofit organizations on…
Census Bureau: First Results of Experimental Small Business Pulse Survey Released
The Census Bureau today released the first results from its Small Business Pulse Survey. The results represent data collected between April 26 and May 2, 2020 and are available at <www.census.gov/businesspulsedata>. The experimental Small Business Pulse Survey (Business Pulse) measures the changes in business conditions on our nation’s small businesses during the coronavirus (COVID-19) pandemic in…
HUD: FHA Extends Foreclosure and Eviction Moratorium; Remote Work Flexibilities for Lenders and Appraisers
Extensions Through June Provide Peace of Mind to Struggling Homeowners While Supporting New MortgageOriginations During COVID-19 Recovery Today, the Federal Housing Administration (FHA) announced an extension of its foreclosure and eviction moratorium through June 30, 2020, for homeowners with FHA-insured Single Family mortgages, while also supporting new FHA-insured mortgage originations through an extension of temporary policy flexibilities for lenders…
FHFA: Foreclosure and Eviction Moratorium Extended
Today, to help borrowers and renters who are at risk of losing their home due to the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) are extending their moratorium on foreclosures and evictions until at least June 30, 2020. The foreclosure moratorium applies to Enterprise-backed,…