EDA: $3.5 Million Invested to Establish a Business Disaster Response Center in Caguas, Puerto Rico
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3.5 million grant to Iniciativa Tecnológica Centro Oriental, Inc. (INTECO) of Caguas to construct the Business Disaster Response Center. According to grantee estimates, the project is expected to create 324 jobs, retain 360 jobs, and spur $660,000…
EDA: $3 Million Invested to Help Establish a Workforce Training Facility in El Centro, CA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to San Diego Electrical Training Trust to help build a workforce training facility in El Centro. According to grantee estimates, the project is expected to create 332 jobs. “President Trump has been diligent in…
EDA: $3 Million Invested to Boost Workforce Training Opportunities in Oakland, CA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the Peralta Community College District of Oakland to renovate, expand, and modernize the College of Alameda Aviation Technology Maintenance Training facility. According to grantee estimates, the project is expected to create 1,109 new…
EDA: $3 Million Invested to Help Protect and Grow Businesses in Peosta, IA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the City of Peosta to make critical water infrastructure improvements needed to safeguard local businesses against future flooding. According to grantee estimates, the project is expected to create 183 jobs, retain 274 jobs,…
EDA: $3 Million Invested to Expand Wood Product Industry in Northeast United States
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the U.S. Endowment for Forestry and Communities, Inc. of Concord, New Hampshire, to establish a cooperative agreement to expanding markets for wood products. “The Trump Administration is continually looking for new ways to…
EDA: $2.2 Million Invested to Support Manufacturing in Wyoming
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.2 million grant to the Sheridan Economic and Educational Development Authority for construction that will accommodate the expansion plans of a local manufacturing business. According to grantee estimates, the project is expected to create 50 new jobs…
EDA: $1.4 Million Invested to Support Workforce Training Opportunities in Boise, ID
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 the Idaho Rural Water Association of Boise to help build a workforce training center. According to grantee estimates, the project is expected to create or retain 550 jobs and generate $450,000 in private…
HUD: Department and U.S. Virgin Islands Sign $243 Million Disaster Recovery Grant Agreement
Action paves the path to repair housing, businesses and infrastructure WASHINGTON – U.S. Department of Housing and Urban Development (HUD) Deputy Secretary Pamela Hughes Patenaude and the U.S. Virgin Island’s Governor Kenneth Mapp today announced the formal execution of a $243 million grant agreement to help citizens in the U.S. Virgin Islands to recover from…
FHFA: Index Shows Mortgage Rates Increased in August 2018
Nationally, interest rates on conventional purchase-money mortgages increased from July to August, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 4.63 percent for loans closed in late August, up 3 basis points from 4.60 percent in July….
FHFA: Fannie Mae and Freddie Mac Update Their Private Mortgage Insurer Eligibility Requirements
The Federal Housing Finance Agency today announced that Fannie Mae and Freddie Mac (the Enterprises) have published revised Private Mortgage Insurer Eligibility Requirements (PMIERs) for private mortgage insurance companies that insure mortgage loans either owned or guaranteed by the Enterprises. As Conservator to the Enterprises, FHFA directed the Enterprises to strengthen their risk management requirements…