EDA: $3.5 Million Invested to Boost New Business Growth and Expansion Efforts in Louisiana
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is investing $3.5 million in the state of Louisiana to make critical infrastructure improvements needed to support current and future business needs. The EDA investments announced today are: Desoto Parish Police Jury, Mansfield, Louisiana, will receive $2 million grant…
HUD: Agency Reaffirms Its Commitment to Community Living for Individuals with Disabilities
Commitment Marks Disability Pride Month and the 32nd Anniversary of the Americans with Disabilities Act July marks the 2022 celebration of Disability Pride Month and the 32nd anniversary of the Americans with Disabilities Act, a comprehensive civil rights law for persons with disabilities. The U.S. Department of Housing and Urban Development (HUD) is using this…
EDA: Last Week, Over $25 Million in American Rescue Plan Funds Invested
Last week, the following grants were made under the American Rescue Plan Funds program and the CARES Act Recovery Assistance program: July 1, 2022 – U.S. Department of Commerce Invests $3.2 Million in American Rescue Plan Funds to Improve State Park Campgrounds and Boost Tourism in Dover, Delaware June 28, 2022 – U.S. Department of Commerce Invests…
CDFI Fund: Updated Program Eligibility Information to be Released based on 2016-2020 American Community Survey Census Bureau Data
The Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has established a plan for releasing updated program eligibility information based upon Census Bureau data from the 2016-2020 American Community Survey (ACS). Eligibility requirements for the Bank Enterprise Award Program (BEA Program), Capital Magnet Fund (CMF), Community Development Financial Institutions Program (CDFI Program),…
HUD: Rental Assistance Demonstration Conversion Transaction Closed as Part of a Neighborhood Redevelopment Plan in Baltimore, MD
$27.8 million transaction with the Housing Authority of Baltimore City and the City of Baltimore includes the development of 93 new affordable rental homes and is part of the neighborhood redevelopment plan for Baltimore’s Perkins-Somerset-Oldtown community The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing on June 30, 2022 closed a Rental…
HUD: Rental Assistance Demonstration Conversion Closed with Miami-Dade County Public Housing & Community Development
$34.5 million construction investment transaction to renovate senior community of 240 homes at Haley Sofge is part of a five-project redevelopment, preserving and developing 1,055 units of affordable rental homes The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing on June 30, 2022 closed a Rental Assistance Demonstration (RAD) transaction with…
CFPB: Special Regulatory Treatment for Payactiv Rescinded
Termination Follows Request by Company in Order to Change its Product The Consumer Financial Protection Bureau (CFPB) issued an order today terminating Payactiv’s Sandbox Approval Order relating to its earned wage access products. The CFPB had given Payactiv special regulatory treatment, including as to liability under a relevant federal consumer financial law with respect to…
CFPB: Agency Moves to Reduce Junk Fees Charged by Debt Collectors
Advisory opinion explains that most “pay-to-pay” fees charged by debt collectors violate federal law Today, the Consumer Financial Protection Bureau (CFPB) issued an advisory opinion affirming that federal law often prohibits debt collectors from charging “pay-to-pay” fees. These charges, commonly described by debt collectors as “convenience fees,” are imposed on consumers who want to make…
HUD: Council on Foundations and HUD Announce Winners of 2022 Secretary’s Award for Public-Philanthropic Partnerships
This week, the U.S. Department of Housing and Urban Development (HUD) and the Council on Foundations (COF) announced the winners of the 2022 Secretary’s Award for Public-Philanthropic Partnerships.The Secretary’s Award for Public-Philanthropic Partnerships recognizes excellence in partnerships that have both transformed the relationships between the public and philanthropic sectors and led to measurable benefits in…
CFPB: Agency Affirms Ability for States to Police Credit Reporting Markets
The Fair Credit Reporting Act does not stop states from enacting laws to tackle credit reporting problems related to medical debt, tenant screening, and other consumer risks Today, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule affirming states’ abilities to protect their residents through their own fair credit reporting laws. With limited preemption…