Interagency Release: Agencies Release CRA Asset-Size Threshold Adjustments for Small and Intermediate Small Institutions
The federal bank regulatory agencies today announced the annual adjustment to the asset-size thresholds used to define small bank, small savings association, intermediate small bank, and intermediate small savings association under the Community Reinvestment Act (CRA) regulations. The annual adjustments are required by the CRA rules. Financial institutions are evaluated under different CRA examination procedures…
HUD: $5 Million Awarded to Public Housing Authorities to Help Tenants Relocate
Tenant protection vouchers will help relocate tenants whose public housing units have been converted or demolished The U.S. Department of Housing and Urban Development (HUD) today awarded $5 million to public housing authorities to provide tenant protection vouchers to public housing residents. These vouchers will help families with relocation or replacement housing from demolition or…
EDA: Investment Made to Support Business Education in New York
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $800,000 grant to TruFund Financial Services, Inc., of New York, New York to support the Hunts PoinEt Growth and Resiliency Program. The two-year program will provide business education classes and one-on-one counseling led by TruFund staff and subject matter experts. The EDA…
EDA: Investment Made to Support Entrepreneurial and Start-up Growth in West Virginia
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $708,300 grant to New River Gorge Regional Development Authority in Beckley, West Virginia to promote business development, job creation, job retention, and private investment in Southern West Virginia by expanding WV HIVE entrepreneur and business assistance programs. The EDA grant project, to…
EDA: $550,000 Invested to Support Critical Infrastructure to New Industrial Park in Belchertown, MA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $550,000 grant to the Massachusetts Development Finance Authority of Boston, Massachusetts to make critical infrastructure improvements needed to support the development of a new 17-acre industrial site in Belchertown. The EDA grant project, to be located near a Tax Cuts and Jobs Act designated Opportunity…
CFPB: Financial Literacy Annual Report Issued for 2019
The Consumer Financial Protection Bureau (Bureau) issued its Financial Literacy Annual Report for fiscal year 2019. The Bureau delivered its digital and print resources to more than 12 million consumers in fiscal year 2019. Promoting savings has also been a key part of the agency’s work. The Bureau launched Start Small, Save Up, an initiative…
CDFI Fund: Request for Public Comment on Allocation and Qualified Equity Investment Tracking System
The U.S. Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104–13 (44 U.S.C. 3506(c)(2)(A)). Currently, the…
CDFI Fund: Request for Public Comment on Community Development Entity Certification Application
The U.S. Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the Community Development Financial Institutions Fund (CDFI…
FEMA: President Trump Approves Major Disaster Declaration for New York
FEMA announced that federal disaster assistance has been made available to the state of New York to supplement state, tribal and local recovery efforts in the areas affected by severe storms, straight-line winds and flooding on Oct. 31, 2019 — Nov. 1, 2019. The President’s action makes federal funding available to the state, tribal, eligible…
HUD: Commemorating the Anniversary of the Opportunity Zones Initiative
Secretary Carson serves as chair of the White House Opportunity and Revitalization Council charged with implementing initiative alongside community leaders Today, HUD commemorated the anniversary of the signing of the 2017 Tax Cuts & Jobs Act into law with the release of a whiteboard video and a podcast episode, each focused on the successes that…