HUD: $63 Million Awarded to Support Affordable Housing and Community Development in 85 Tribal Communities
The U.S. Department of Housing and Urban Development (HUD) today awarded $63 million to 85 Native American communities throughout the country to improve housing conditions and stimulate community development for residents, including funding construction projects that generate local job opportunities. HUD’s Indian Community Development Block Grant (ICDBG) Program supports a wide range of community development and affordable…
FDIC: Agency Cautions Customers that FDIConnect.com is Not Affiliated with a Government Agency
The Federal Deposit Insurance Corporation (FDIC) advises bank customers on the potential for confusion between FDIConnect.com and the FDIC-run website, FDICconnect.gov. The FDIC is aware of the website FDIConnect.com, which advertises itself as a consumer-focused provider of FDIC pass-through insurance for bank deposits. The public should be advised that FDIConnect.com is not affiliated with the…
EDA: U.S. Economic Development Prioritizes Applications for Projects Located in Opportunity Zones
Today, U.S. Assistant Secretary of Commerce for Economic Development Dr. John C. Fleming announced that the U.S. Economic Development Administration (EDA) is adding Opportunity Zones as an Investment Priority. This new Investment Priority will significantly increase the number of catalytic Opportunity Zone-related projects that EDA can fund to spur greater public investment in these areas. “Opportunity…
CFPB: First Bureau Symposium Scheduled for June 25th
The Consumer Financial Protection Bureau announced today that its first symposium will be held on June 25 at 9 a.m. The symposium, part of a series announced earlier this year, will focus on the Dodd-Frank Act’s prohibition on abusive acts or practices. The symposium will be webcast on the Bureau’s website. The Dodd-Frank Act authorizes…
EDA: Investment Made to Boost Workforce Training in Baltimore, MD Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing $1.6 million in City Life Community Builders of Baltimore, Maryland, to support the reuse of the Hoen Lithograph Complex as a workforce training center. The project, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, will be…
HUD: 2019 HUD Secretary Design Award Winners Announced
South Carolina, California, Michigan & Illinois developments recognized as national models The U.S. Department of Housing and Urban Development (HUD) and the American Institute of Architects (AIA) today announced the winners of the 2019 HUD Secretary’s Housing and Community Design Awards. HUD and AIA selected winners in South Carolina, California, Michigan and Illinois based upon their overall…
ABA: Investment Made to Support Growth of the Manufacturing Sector in Ludlow, MA Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing $3.1 million in the Town of Ludlow, Massachusetts, to help support of the growth of local manufacturing by improving Riverside Drive. The project, to be matched with $3.1 million in local funds, is located in a Tax Cuts…
EDA: Investment Made to Support the Growth of Manufacturing and Tech-based Businesses in Rapid City, SD Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing $3 million in the Rapid City Economic Development Foundation of Rapid City, South Dakota, to help build a new business incubator facility that will support the growth of sustainable manufacturing and technology-based businesses. The investment, to be located…
EDA: Investment Made in Opportunity Zone to Increase Agriculture and Livestock Training at Central Wyoming College
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing $3 million in Central Wyoming College of Riverton, Wyoming, to help build an agriculture-focused training facility. The investment, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, will be matched with $2.5 million in…
FDIC: Banker Feedback Helps Focus FDIC Efforts to Better Address Their Needs
Over the past year, Federal Deposit Insurance Corporation (FDIC) Chairman Jelena McWilliams has been meeting with local bankers, state supervisors, and consumer groups to obtain feedback on many important topics, including: the needs of their local communities, the FDIC’s regulatory approach, and ideas to promote economic inclusion. At a speech today before the Community Development…