EDA: $5.1 Million Invested to Construct Workforce Training Center in Lincoln County, MO
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $5.1 million grant to Lincoln County, Missouri, to build a workforce training center. The EDA grant, to be matched with $360,000 in local investment, is expected to create nearly 100 jobs and generate $2.8 million in private…
OCC: Bank Preemption from COVID-19 Relief Programs
OCC Bulletin 2020-62| June 17, 2020 Summary Federal, state, and local governments have taken many actions to respond to the economic disruption caused by the spread of COVID-19. While the Office of the Comptroller of the Currency (OCC) recognizes that a wide range of stakeholders, including state and local governments, have an important role to play in…
HUD: Nearly $40 Million in Housing Counseling Grants Awarded
Funding will provide HUD-approved housing counseling for millions of Americans The U.S. Department of Housing and Urban Development (HUD) today awarded nearly $40 million in housing counseling grants to help over one million individuals and families access HUD-approved housing counseling to help them avoid foreclosure and make more informed homebuying and rental choices. The grants…
FHFA: Translated COVID-19 Resources Now Available in Six Langugages
COVID-19 Servicing Scripts and Mortgage Assistance Application translations now available To help limited English proficiency (LEP) borrowers who are experiencing mortgage-related difficulties due to the coronavirus national emergency, today the Federal Housing Finance Agency (FHFA) added new translations to the Mortgage Translations website. Site visitors can now choose English, Spanish, traditional Chinese, Vietnamese, Korean, or Tagalog when accessing…
EDA: $400,000 Invested in CARES Act Funding to Boost Economic Development Programs in Eight Counties in Northeast Mississippi
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $400,000 CARES Act Recovery Assistance grant to the Three Rivers Planning & Development District, Pontotoc, Mississippi, to update economic development plans and fortify programs to assist communities in responding to the coronavirus pandemic. “The Trump Administration is eager to allocate these essential…
EDA: $1.6 Million Invested to Establish Critical Stormwater Drainage Infrastructure in Middle Shoals, AL
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.6 million grant to the city of Muscle Shoals, Alabama, to make stormwater drainage infrastructure improvements to protect businesses from the impact of future storms. The EDA grant, to be matched with nearly $407,000 in local investment,…
SBA: Economic Injury Disaster Loans and Advance Program Reopened to All Eligible Small Businesses and Nonprofits Impacted by COVID-19
To further meet the needs of U.S. small businesses and non-profits, the U.S. Small Business Administration reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to all eligible applicants experiencing economic impacts due to COVID-19 today. “The SBA is strongly committed to working around the clock, providing dedicated emergency assistance to the small businesses…
FHFA: Updated Minimum Financial Eligibility Requirements Re-Proposed for Fannie Mae & Freddie Mac Seller/Servicers
Due to recent market events, the Federal Housing Finance Agency (FHFA) announced today that it will be re-proposing the updated minimum financial eligibility requirements for Fannie Mae and Freddie Mac Seller/Servicers. FHFA has determined that it is prudent to work with the Enterprises to reassess and re-propose these requirements, including incorporating lessons learned from the…
FHFA: 2019 Report Issued to Congress
The Federal Housing Finance Agency (FHFA) today released its annual Report to Congress, covering calendar year 2019. The report addresses several topics related to the fulfillment of FHFA’s statutory responsibilities and the financial condition of FHFA’s regulated entities: Fannie Mae and Freddie Mac (the Enterprises) and the Federal Home Loan Banks (FHLBanks). The report makes recommendations…
EDA: $2.1 Million Invested to Establish Training Center for Nursing Programs in Schriever, LA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.1 million grant to the Fletcher Falcon Enterprise Corporation of Schriever, Louisiana, to build a new healthcare and nursing training facility to support the workforce demands of regional employers. The EDA grant, to be matched with $560,000…