FHFA: Landlords of Enterprise-Backed Properties Encouraged to Apply for Emergency Rental Assistance Before Evicting Tenants
Today, the Federal Housing Finance Agency (FHFA) is encouraging landlords of properties backed by Fannie Mae or Freddie Mac (the Enterprises) to apply for Emergency Rental Assistance before starting the process of evicting a tenant for non-payment of rent. “As mentioned in the joint statement issued today by the leaders of the agencies that oversee federal…
EDA: $7.6 Million Invested to Upgrade Critical Infrastructure at the Port of MacKenzie, AK
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $7.6 million grant to Matanuska-Susitna Borough, Alaska, to fund infrastructure improvements designed to increase the operating efficiency of the Port of MacKenzie. The EDA grant, to be matched with $1.9 million in local investment, is expected…
EDA: $4 Million in CARES Act Recovery Assistance Invested to Support Development of Medical Research and Manufacturing Facility in DeLand, FL
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $4 million CARES Act Recovery Assistance grant to Volusia County, Florida, to prepare a 56-acre site adjacent to Daytona Beach International Airport for the development of Project COVID, a medical research, manufacturing and multi-modal distribution facility….
SBA: Up to $300,000 Announced to Fund Women’s Business Centers in Puerto Rico
The U.S. Small Business Administration announced the availability of $300,000 for up to two new grant opportunities for established and aspiring Women’s Business Center (WBC) host organizations. When funded, the WBC’s will provide outcome-oriented business services for women entrepreneurs in Puerto Rico. The White House recently held a Working Group meeting that SBA Administrator Isabel Casillas Guzman attended to…
SBA: Opening of Paycheck Protection Program Direct Forgiveness Portal Announced
New portal will streamline applications for loans $150K or less for over 6.5 million businesses The U.S. Small Business Administration (SBA) is launching a streamlined application portal to allow borrowers with Paycheck Protection Program (PPP) loans $150,000 or less through participating lenders to apply for forgiveness directly through the SBA. “The SBA’s new streamlined application portal will simplify forgiveness for…
FHFA: Multifamily Tenant Protections Announced
Requires tenants in Enterprise-backed multifamily properties to be given at least 30 days’ notice before they can be required to vacate Today, the Federal Housing Finance Agency (FHFA) announced that tenants of multifamily properties with mortgages backed by Fannie Mae or Freddie Mac (the Enterprises) who are subject to eviction for nonpayment of rent must…
CFPB: Online Tool Released to Help Renters and Landlords Access Federal Assistance
New resource helps renters and landlords find state and local programs distributing federal rental assistance funds The Consumer Financial Protection Bureau (CFPB) today released an online tool to help renters and landlords impacted by the pandemic easily find and apply for payment assistance for rent, utilities and other expenses. The Rental Assistance Finder, available at www.consumerfinance.gov/renthelp,…
SBA: New Milestone Reached with $7.5 Billion in Shuttered Venue Operators Grants Awarded to over 10,000 Venues
Unique program distributes grants to venues in the nation’s 50 states and several U.S. territories directly impacted by COVID-19 Today, the U.S. Small Business Administration reached a new milestone of successfully awarding over $7.5 billion in Shuttered Venue Operators Grants (SVOGs) to more than 10,000 hard-hit live entertainment small businesses, nonprofits, and venues. The SVOG program is designed to…
EDA: U.S. Department of Commerce Announces Americas Competitveness Exchange Colorado
Senior Officials from Across the Western Hemisphere and other Nations to Visit Colorado’s Innovative Solutions to Economic Recovery Today, the U.S. Department of Commerce’s Economic Development Administration (EDA), in coordination with the International Trade Administration (ITA), U.S. Department of State, and the Organization of American States (OAS), announced that a high-level delegation of global and…
HUD: FHA Additional COVID-19 Recovery Options for Homeowners Announced
Streamlined COVID-19 Recovery “waterfall” includes broader payment reductions for those most in danger of losing their homes due to COVID-19 financial hardships The Federal Housing Administration (FHA) on July 23, 2021 announced streamlined COVID-19 Recovery options to help homeowners with FHA-insured mortgages who have been financially impacted by the COVID-19 pandemic bring their mortgage current and remain…