FEMA: President Trump Approves Major Disaster Declaration for West Virginia
FEMA announced that federal emergency aid has been made available for the state of West Virginia to supplement the state and local recovery efforts in the areas affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2019 and continuing. Public Assistance federal funding is available to the state and eligible local governments…
FEMA: President Trump Approves Major Disaster Declaration for New Hampshire
FEMA announced that federal emergency aid has been made available for the state of New Hampshire to supplement the state and local recovery efforts in the areas affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2019 and continuing. Public Assistance federal funding is available to the state and eligible local governments…
FEMA: President Trump Approves Major Disaster Declaration for Indiana
FEMA announced that federal emergency aid has been made available for the state of Indiana to supplement state, tribal and local recovery efforts in the areas affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020 and continuing. Public Assistance federal funding is available to the state, tribal and eligible local governments…
FEMA: President Trump Approves Major Disaster Declaration for Arkansas
FEMA announced that federal emergency aid has been made available for the state of Arkansas to supplement the state and local recovery efforts in the areas affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2019 and continuing. Public Assistance federal funding is available to the state and eligible local governments and…
FDIC: MVB Bank, Inc. of Fairmont, West Virginia, Acquires The First State Bank, Barboursville, West Virginia
The First State Bank, based in Barboursville, West Virginia, was closed today by the West Virginia Division of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC entered into a purchase and assumption agreement with MVB Bank, Inc. (MVB Bank) of Fairmont, West Virginia, to assume all…
Federal Agencies Encourage Mortgage Servicers to Work with Struggling Homeowners Affected by COVID-19
The federal financial institution regulatory agencies and the state financial regulators issued a joint policy statement providing needed regulatory flexibility to enable mortgage servicers to work with struggling consumers affected by the Coronavirus Disease (referred to as COVID-19) emergency. The actions announced today by the agencies inform servicers of the agencies’ flexible supervisory and enforcement…
EDA: $15.67 Million Invested to Provide Critical Water Infrastructure Near South Carolina Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $15.67 million grant to the city of Walterboro, South Carolina, to make critical water infrastructure improvements needed to protect businesses from severe weather events. The EDA grant, to be located near an Opportunity Zone matched with $3.9…
EDA: $6.8 Million Invested to Improve Water Infrastructure in Lumberton, NC
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $6.8 million grant to the city of Lumberton, North Carolina, to make critical infrastructure improvements needed to improve drainage and maintain business continuity during flood events. The EDA grant, to be matched with more than $2.3 million…
CDFI Fund: FY 2020 Funding Round of BEA Program Is Now Open
Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2020 funding round for the Bank Enterprise Award Program (BEA Program). Application materials are now available on the BEA Program page of the CDFI Fund’s website in anticipation of the publication of the FY 2020 Notice of Funds…
FEMA: Coronavirus Fact Sheet for Private Nonprofit Organizations
All 50 states, the District of Columbia, five territories, and numerous tribes are working directly with FEMA under President Trump’s March 13, 2020, nationwide emergency declaration for COVID-19. Under this emergency declaration, and subsequent major disaster declarations, certain private non-profit (PNP) organizations are eligible to apply for funding through FEMA’s Public Assistance program. This fact…