FEMA: $140 Million Announced for Emergency Food and Shelter Program
FEMA has announced that $140 million will be available to communities across the county to assist with feeding and sheltering. Congress made $125 million available for Fiscal Year 2020, and this year, the Emergency Food and Shelter Program (EFSP) National Board is including an additional $15 million from funds that have not been used from…
EDA: $2.4 Million in CARES Act Recovery Assistance to Implement a Technical Assistance Program and Support Businesses in Louisana
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.4 million CARES Act Recovery Assistance grant to the Louisiana Department of Economic Development, Baton Rouge, Louisiana, to develop a technical assistance program and support business attraction and retention efforts across the state in response to adverse…
EDA: $1.9 Million in CARES Act Recovery Assistance to Expand Simulation Training Laboratory for Nursing Students in Springfield, MO Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.9 million CARES Act Recovery Assistance grant to Cox College, Springfield, Missouri, to renovate and expand a simulation laboratory to train nursing students on critical equipment so they are better equipped to assist patients during and after…
Federal Reserve: Webinar Scheduled for December 16th on Proposal to Modernize CRA
Every community deserves the opportunity to thrive. Our economy depends on it. Modernizing the Community Reinvestment Act (CRA) is an opportunity to address systemic barriers to credit and financial services that continue to hold many communities back. Join us on 12/16 at 10:00 a.m. PT to learn about the Fed’s proposed changes and how you can…
FDIC: Financial Advisors Sought to Establish New “Mission-Driven Bank Fund” to Support FDIC-Insured Minority Banks and CDFIs
The Federal Deposit Insurance Corporation (FDIC) today announced a competition to choose one or more experienced financial advisors to support the development of a new Mission-Driven Bank Fund. The Fund will provide a vehicle for private sector and philanthropic investment in FDIC-insured Minority Depository Institutions (MDIs) and Community Development Financial Institutions (CDFIs). The selected financial advisor(s)…
HUD: Over $80 Million in Targeted Funding for Coronavirus Relief Announced
Mainstream Vouchers aid non-elderly populations with disabilities in response to, and recovery from, COVID-19 The U.S. Department of Housing and Urban Development (HUD) today made $86.85 million available to public housing agencies (PHAs) in the form of Mainstream funding vouchersto assist non-elderly populations impacted by Coronavirus. Mainstream Vouchers are administered using the same rules as other…
HUD: New Foster Youth Housing Vouchers Announced in 24 States
More than 1,000 Former Foster Youth Are Paving Their Own Way with a FYI Voucher U.S. Housing and Urban Development Secretary Ben Carson today announced $1.9 million for 235 former foster youth in the most recent round of grants for HUD’s Foster Youth to Independence (FYI) Initiative. Forty-three Public Housing Authorities (PHAs) in 24 states…
FHFA: 2021 Multifamily Loan Purchase Caps for Fannie Mae and Freddie Mac Announced
50 Percent of Cap Must be Mission-driven, Affordable Housing and Manufactured Housing Community Tenant Protections Added The Federal Housing Finance Agency (FHFA) today announced that the 2021 multifamily loan purchase caps for Fannie Mae and Freddie Mac (the Enterprises) will be $70 billion for each Enterprise. The cap structure allows the Enterprises to offer a…
OCC: Statement on the President’s Intent to Nominate Brian P. Brooks to Serve as Comptroller of the Currency
Acting Comptroller of the Currency Brian P. Brooks released the following statement upon the announcement that President Donald J. Trump intends to nominate him to serve as the 32nd Comptroller of the Currency. It is a great honor to have President Donald J. Trump announce his intent to nominate me to serve our nation as the…
SBA: Election of New Chair and Vice-Chair on the Small Business Development Center Advisory Board Announced
SBA welcomes Bertica Cabrera Morris as Board Chair and Lea Marquez Peterson as Vice-Chair on the SBDC Advisory Board. The U.S. Small Business Administration is pleased to welcome the new Chair and Vice-Chair to the National Small Business Development Center (SBDC) Advisory Board. Bertica Cabrera Morris will serve as Board Chair, and Lea Marquez Peterson will serve…