Industry News

HUD: Secretaries of HUD & VA Issue Joint Statement on Ending Veteran Homelessness

From HUD Secretary Marcia L. Fudge and VA Secretary Denis McDonough The Department of Housing and Urban Development’s 2020 Annual Homeless Assessment Report (AHAR) to Congress found that on a single night in January 2020, there were 37,252 Veterans experiencing homelessness in America, an increase of 0.4% over 2019. This number does not account for the…

HUD: More Than $90 Million for Affordable Housing Awarded in Tribal Communities

24 Tribes receive funds that will support the construction of approximately 350 new housing units The U.S. Department of Housing and Urban Development today announced over $90 million in grant awards to 24 Tribes and Tribally Designated Housing Entities (TDHEs) across the country to support new housing construction, housing rehabilitation, and critical infrastructure projects. “This…

FDIC: Agency and Duke University’s Pratt School of Engineering Announce Strategic Partnership to Promote Innovation

The Federal Deposit Insurance Corporation (FDIC) and Duke University’s Pratt School of Engineering today announced a strategic partnership to support technological innovation in the banking and financial services sectors. “This exciting collaboration will amplify our efforts to drive innovation in the banking ecosystem and within the FDIC,” said Sultan Meghji, FDIC’s Chief Innovation Officer. “We…

HUD: $13.7 Million Awarded to Public Housing Agencies for Emergency Safety and Security Improvements

The U.S. Department of Housing and Urban Development (HUD) today announced it is awarding $13.7 million to Public Housing Authorities (PHAs) throughout the country to make needed capital improvements in public housing developments that serve to enhance safety and security for residents. View a complete list of housing authorities that received funding. “Keeping families who live…

HUD: $5 Billion Announced to Increase Affordable Housing to Address Homelessness

Secretary Fudge: “With this strong funding, communities across the country will have the resources needed to get people housed and keep people home” U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge today announced the allocation of nearly $5 billion in American Rescue Plan funds to help communities across the country create…

FDIC: Minority Depository Institutions Subcommittee to Meet on April 12th

The Federal Deposit Insurance Corporation (FDIC) today announced the agency’s Minority Depository Institutions (MDI) Subcommittee to the Advisory Committee on Community Banking will hold an open meeting at 1 p.m. EDT on Monday, April 12, 2021. During the public portion of the meeting, the MDI Subcommittee members will share insights into key challenges and opportunities…

EDA: $9 Million in CARES Act Recovery Assistance to Support Businesses Capital and Infrastructure Needs in Michigan

Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding $9 million in CARES Act Recovery Assistance grants to help the state of Michigan prevent, prepare for, and respond to coronavirus. “The Biden Administration is committed to helping Michigan’s economy recover from the challenges of the pandemic,” said…

EDA: $5.3 Million in CARES Act Recovery Assistance Invested to the Russell Center for Innovation and Entrepreneurship to Expand Regional Economic Growth

Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $5.3 million CARES Act Recovery Assistance grant to the Russell Center for Innovation and Entrepreneurship, Atlanta, Georgia, to improve and expand the facility and increase their capacity to promote entrepreneurship, support sustainable economic growth, and create jobs…

EDA: $4.5 Million Invested to Boost Workforce Training Efforts in Mid-Missouri Region

Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $4.5 million grant to the Southern Boone County R-1 School District, Ashland, Missouri, to construct the Ranken-Ashland Skilled Trade Training Facility, a construction trade and medical services workforce development training center in mid-Missouri. This EDA project, to…

EDA: $4.45 Million in CARES Act Recovery Assistance Invested to Improve Smith Reynolds Airport in Winston-Salem, NC

Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $4.45 million CARES Act Recovery Assistance grant to Forsyth County, North Carolina, to repair structural damages at Smith Reynolds Airport in Winston-Salem caused by Hurricane Michael and to offset additional economic adversity caused by the coronavirus pandemic….