Census Bureau: New Interactive Data Hub in Response to COVID-19 Released
Today the U.S. Census Bureau released a new resource page on census.gov to help federal agencies, businesses and communities make decisions related to the COVID-19 pandemic. Similar to the Census Bureau’s resource pages created during natural disasters, this resource page includes information on population demographics, economic indicators and businesses. It features a new interactive data hub that centralizes data previously released…
HUD: $130 Million Awarded to Revitalize Four Neighborhoods
Federal investments expected to attract more than a $1.5 billion in additional funding for neighborhood reinvestment Today, the U.S. Department of Housing and Urban Development (HUD) announced four communities across the country will receive a combined $130 million to redevelop severely distressed public housing and to revitalize surrounding neighborhoods. Provided through HUD’s Choice Neighborhoods Initiative,…
FHFA: FHLBs to Accept Paycheck Protection Program Loans as Collateral
To support small and community banks, the Federal Housing Finance Agency announced that Federal Home Loan Banks (FHLBanks) can accept Paycheck Protection Program (PPP) loans as collateral when making loans, called advances, to their members. FHLBanks can accept loans guaranteed by the Small Business Administration under PPP provided FHLBanks comply with certain safety and soundness…
Federal Reserve: Public Information Available Regarding Programs to Support and Foster Economic Recovery
The Federal Reserve Board outlines the extensive and timely public information it will make available regarding its programs to support the flow of credit to households and businesses and thereby foster economic recovery Building on its strong record of transparency and accountability around financial reporting and the policymaking process, the Federal Reserve Board on Thursday…
EDA: $1.5 Million Invested to Improve Internet Bandwidth for Businesses in Corning, NY Opportunity Zones
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 Southern Tier Network, Inc. in Corning, New York, to install approximately 83 miles of high-speed dark fiber-optic cable to support businesses in six counties. The EDA grant, to be located near 11 Opportunity Zones,…
EDA: $1.4 Million Invested to Attract Foreign Direct Investment to New York, NY Opportunity Zone
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 Yeshiva University’s Innovation Lab in New York, New York, to provide technical assistance to Israeli firms seeking to locate in New York City. The EDA grant, to be located in an Opportunity Zone, will…
EDA: $700,000 Invested to Support Tribal Disaster Recovery Efforts in Oklahoma
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $700,000 grant to the Cheyenne and Arapaho Tribes in Concho, Oklahoma, to advance long-term economic recovery and resilience planning efforts following the 2018 wildfires. The EDA grant will be matched with $307,604 in local investment. “The Trump Administration is working diligently to…
EDA: $539,788 Invested to Advance Disaster Recovery Efforts in Butte County, CA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $539,788 grant to the County of Butte, California, to develop and implement a business resiliency strategy and a long-term regional economic recovery plan. “The Trump Administration is working diligently to support communities impacted by natural disasters to both recover and rebuild stronger,”…
FHFA: House Price Index Up 0.7 Percent in February; Up 5.7 Percent from 2019
U.S. house prices rose in February, up 0.7 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 5.7 percent from February 2019 to February 2020. The previously reported 0.3 percent increase for January 2020 was revised upward to 0.5 percent. For the nine census divisions, seasonally adjusted monthly…
FHFA: Enterprises Will Purchase Qualified Loans in Forbearance to Keep Lending Flowing
To support homeowners and mortgage lenders, the Federal Housing Finance Agency (FHFA) is approving the purchase of certain single-family mortgages in forbearance that meet specific eligibility criteria by Fannie Mae and Freddie Mac (the Enterprises). “We are focused on keeping the mortgage market working for current and future homeowners during these challenging times,” said Director…