EDA: $617,203 Invested to Support Regional Economic Planning Efforts of the Inupiat Community of the Arctic Slope in Barrow, AK
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $617,203 grant to the Inupiat Community of the Arctic Slope, Barrow, Alaska, to create a Comprehensive Economic Development Strategy (CEDS) for the North Slope region. “President Biden is committed to helping native communities build a foundation of economic resilience and prosperity,” said…
EDA: 50 Recipients of “Build to Scale” Program Announced
Grantee Projects Fuel Innovation and Tech-Based Economic Development to Enhance American Competitiveness on the Global Stage Today, U.S. Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo announced that 50 organizations — including nonprofits, institutions of higher education, state government agencies, and other entrepreneurship-focused organizations — from 26 states will receive grants totaling $36.5…
CDFI Fund: Treasury Guarantees $100 Million in CDFI Bond Funding
Treasury Guarantees $100 Million in CDFI Bond Funding The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today the approval of a $100 million guarantee under the fiscal year 2021 round of the Community Development Financial Institutions (CDFI) Bond Guarantee Program. The guarantee will be issued to Bank of America…
ABA: Association Testifies on the Future of Banking
FirstBank CEO Jim Reuter offers industry perspective to House Financial Services Subcommittee The American Bankers Association testified today before the House Financial Services subcommittee on Consumer Protection and Financial Institutions, offering the industry’s perspective on the future of banking and how consolidation, nonbank competition and technology are re-shaping the industry. Jim Reuter, president and CEO of Denver-based…
HUD: Federal Housing Administration Adds Additional COVID-19 Forberance Relief Options
Actions today are a response to the continued impacts of the pandemic on individuals and families across the country. The Federal Housing Administration (FHA) announced today new and extended COVID-19 relief options for borrowers recently or newly struggling to make their mortgage payments because of the pandemic and for senior homeowners with Home Equity Conversion Mortgages (HECMs)…
HUD: New Members Appointed to the Housing Counseling Federal Advisory Committee and Future Expansion Announced
The U.S. Department of Housing and Urban Development (HUD) on Friday announced the appointment of six new members to its Housing Counseling Federal Advisory Committee, and the re-appointment of two current members of the Committee. In addition, HUD is announcing today that it intends to expand the Committee in the future from eight members back…
SBA: New Shuttered Venue Operators Grant Supplemental Awards Begun
Program has delivered over $10 billion in economic relief to 12,000 venues across the nation Today, U.S. Small Business Administration (SBA) Administrator Isabella Casillas Guzman announced the SBA began supplemental award notifications to eligible applicants this week, through the Shuttered Venue Operators Grant (SVOG) program. Thus far, the SBA has awarded over $10 billion in economic relief to nearly 12,000 venues, providing…
FHFA: Availability of COVID-19 Multifamily Forebearance Extended
Today, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will continue to offer COVID-19 forbearance to qualifying multifamily property owners as needed, subject to the continued tenant protections FHFA has imposed during the pandemic. This is the fourth extension of the programs, which were set to expire September…
EDA: Grantees Under 2021 University Center Competition Announced
25 Colleges and Universities in EDA’s Chicago and Philadelphia Regions to Host EDA University Center Economic Development Technical Assistance Programs U.S. Secretary of Commerce Gina Raimondo today announced the grantees of the U.S. Economic Development Administration’s (EDA) 2021 University Center Economic Development Program Competition. EDA is providing a total of $2.5 million in grants to…
EDA: $6 Million Invested to Support Workforce Development in the Northern Mariana Islands
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $6 million grant to the Commonwealth of the Northern Mariana Islands Public School System, Saipan, Northern Mariana Islands, to support construction of a vocational training facility. The EDA grant, to be matched with $6 million in…