EDA: $5 Million Invested to Support Biomedical, Biotechnology and Advanced Manufacturing Sectors in Athens County, OH
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $5 million grant to Athens County Port Authority, Athens, Ohio, to build a 60,000 square-foot facility to house biomedical, biotechnology, and advanced manufacturing companies. This grant will support the expansion of local companies currently located at…
ABA: Brooke Ybarra Named as New Head of Office of Innovation
Brooke Ybarra has been named senior vice president of innovation and strategy at the American Bankers Association and will lead the group’s Office of Innovation. In this position, Ybarra will play a key role in helping ABA member banks keep pace with technological innovation by identifying promising startups and emerging technologies that benefit the banking…
FHFA: Office of Financial Technology Announced
Agency issues request for information on the role of technology in housing finance The Federal Housing Finance Agency (FHFA) today announced the establishment of the Office of Financial Technology. This Office will serve as a centralized source of information to support FHFA in addressing emerging risks and advancing Agency priorities related to the adoption and deployment…
HUD: 24 Programs Announced to Join Justice40 Initiative for Disadvantaged and Underserved Communities
As part of the Biden-Harris Administration’s agenda to advance environmental justice, the U.S. Department of Housing and Urban Development today released a list of its programs included in the Administration’s Justice40 Initiative. President Biden created the Justice40 Initiative to deliver 40% of the overall benefits of climate, clean energy, affordable and sustainable housing, clean water, and…
CDFI Fund: FY 2022 CDFI Equitable Recovery Program Application Deadline Extended through August 23rd
On June 23, 2022, the Community Development Financial Institutions Fund (CDFI Fund) announced the opening of the FY 2022 CDFI Equitable Recovery Program (ERP) round with the public release of a Notice of Funds Availability (NOFA). The NOFA set forth the deadline for submitting the FY 2022 CDFI ERP Application via the CDFI Fund’s Award…
OCC: Acting Comptroller Discusses Importance of Financial Health for Consumers
Acting Comptroller of the Currency Michael J. Hsu today discussed the Office of the Comptroller of the Currency’s efforts to advance financial health for consumers before the U.S. Department of the Treasury’s Financial Literacy Education Commission. In his remarks, the Acting Comptroller highlighted the agency’s work in crypto consumer education, its “Financial Health: Vital Signs”…
OCC: Project REACh Anniversary Marked with Financial Inclusion Symposium
The Office of the Comptroller of the Currency (OCC) today hosted a financial inclusion symposium at its headquarters in Washington, D.C., to mark the second anniversary of Project REACh. The OCC’s Project REACh, or the Roundtable for Economic Access and Change, brings together leaders from the banking industry, national civil rights organizations, business, and technology to…
EDA: Last Week, Nearly $15 Million in American Rescue Plan Funds Invested
Last week, the following grants were made under the American Rescue Plan Funds program and the CARES Act Recovery Assistance program: July 12, 2022 – U.S. Department of Commerce Invests $4.7 Million in American Rescue Plan Funds to Establish a Regional BMX Facility and Support Tourism in Morgantown, West Virginia July 12, 2022 – U.S. Department of…
HUD: $10.4 Million Funding Opportunity Announced for Rehabilitation of Low-Income and Disabled Veterans’ Homes
U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge and U.S. Department of Veterans Affairs (VA) Secretary Denis McDonough today announced the availability of $10.4 million through the Veterans Housing Rehabilitation and Modification Pilot Program (VHRMP) for the rehabilitation of the homes of Veterans with low-incomes and disabilities. “Those who have served…
HUD: FHA Expands Mortgage Eligiblity for Borrowers Previously Affected by COVID-19
Updated guidance issued today provides new flexibility for lenders when calculating “effective income” for borrowers with previous employment gaps or loss of income due to a COVID-19 economic event. The Federal Housing Administration (FHA) announced on Thursday new flexibility for lenders when qualifying borrowers who experienced previous employment gaps or loss of income due to…